Citizens National Bank Trust Department Has $1.66 Million Stake in W.R. Berkley Corporation $WRB

Citizens National Bank Trust Department trimmed its stake in W.R. Berkley Corporation (NYSE:WRB) by 3.0% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 22,602 shares of the insurance provider’s stock after selling 709 shares during the period. Citizens National Bank Trust Department’s holdings in W.R. Berkley were worth $1,661,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Hilltop National Bank acquired a new stake in shares of W.R. Berkley in the second quarter worth $27,000. Spectrum Wealth Counsel LLC acquired a new position in W.R. Berkley in the 1st quarter valued at $29,000. Garde Capital Inc. bought a new position in W.R. Berkley in the 1st quarter worth $30,000. N.E.W. Advisory Services LLC acquired a new position in W.R. Berkley during the 1st quarter worth $36,000. Finally, Keystone Global Partners LLC bought a new stake in W.R. Berkley during the first quarter valued at about $41,000. Institutional investors own 68.82% of the company’s stock.

W.R. Berkley Price Performance

NYSE:WRB opened at $77.77 on Wednesday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.37 and a current ratio of 0.37. The company has a 50-day moving average of $72.54 and a 200-day moving average of $71.36. W.R. Berkley Corporation has a 52 week low of $55.97 and a 52 week high of $77.95. The company has a market capitalization of $29.50 billion, a price-to-earnings ratio of 17.71, a PEG ratio of 2.66 and a beta of 0.42.

W.R. Berkley (NYSE:WRB) last posted its quarterly earnings results on Monday, July 21st. The insurance provider reported $1.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.03 by $0.02. The firm had revenue of $3.10 billion during the quarter, compared to analyst estimates of $3.10 billion. W.R. Berkley had a net margin of 12.32% and a return on equity of 18.83%. During the same quarter in the prior year, the business posted $1.04 earnings per share. As a group, equities research analysts anticipate that W.R. Berkley Corporation will post 4.33 earnings per share for the current fiscal year.

W.R. Berkley Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 22nd were paid a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 0.5%. The ex-dividend date was Monday, September 22nd. W.R. Berkley’s dividend payout ratio is currently 8.20%.

Analysts Set New Price Targets

WRB has been the topic of a number of recent analyst reports. Cantor Fitzgerald upgraded W.R. Berkley to a “strong-buy” rating in a research note on Wednesday, August 13th. Wolfe Research began coverage on W.R. Berkley in a report on Monday, September 15th. They set a “peer perform” rating for the company. TD Cowen downgraded shares of W.R. Berkley from a “buy” rating to a “hold” rating and set a $78.00 price objective on the stock. in a research note on Friday, June 27th. Barclays raised their price target on shares of W.R. Berkley from $62.00 to $66.00 and gave the stock an “underweight” rating in a research report on Monday, July 7th. Finally, UBS Group upped their price objective on shares of W.R. Berkley from $78.00 to $80.00 and gave the company a “buy” rating in a research report on Wednesday, July 9th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $72.54.

W.R. Berkley Company Profile

W. R. Berkley Corporation, an insurance holding company, operates as a commercial lines writers worldwide. It operates in two segments, Insurance and Reinsurance & Monoline Excess. The Insurance segment underwrites commercial insurance business, including excess and surplus lines, admitted lines, and specialty personal lines.