W.R. Berkley Corporation $WRB Shares Sold by Cerity Partners LLC

Cerity Partners LLC lessened its stake in shares of W.R. Berkley Corporation (NYSE:WRB) by 7.9% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 356,450 shares of the insurance provider’s stock after selling 30,691 shares during the period. Cerity Partners LLC’s holdings in W.R. Berkley were worth $26,188,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Baird Financial Group Inc. increased its stake in W.R. Berkley by 1.8% during the 1st quarter. Baird Financial Group Inc. now owns 7,997 shares of the insurance provider’s stock worth $569,000 after buying an additional 141 shares in the last quarter. Crestwood Advisors Group LLC boosted its stake in shares of W.R. Berkley by 4.4% in the second quarter. Crestwood Advisors Group LLC now owns 3,721 shares of the insurance provider’s stock worth $273,000 after acquiring an additional 158 shares during the last quarter. Parallel Advisors LLC increased its position in shares of W.R. Berkley by 4.7% during the second quarter. Parallel Advisors LLC now owns 3,616 shares of the insurance provider’s stock worth $266,000 after purchasing an additional 161 shares in the last quarter. Brooklyn Investment Group raised its stake in W.R. Berkley by 19.0% in the 1st quarter. Brooklyn Investment Group now owns 1,013 shares of the insurance provider’s stock valued at $72,000 after purchasing an additional 162 shares during the last quarter. Finally, Checchi Capital Advisers LLC lifted its holdings in W.R. Berkley by 4.0% in the 2nd quarter. Checchi Capital Advisers LLC now owns 4,334 shares of the insurance provider’s stock valued at $318,000 after purchasing an additional 165 shares in the last quarter. 68.82% of the stock is currently owned by institutional investors and hedge funds.

W.R. Berkley Price Performance

WRB stock opened at $66.62 on Tuesday. W.R. Berkley Corporation has a 52-week low of $55.97 and a 52-week high of $78.96. The business has a fifty day moving average of $75.18 and a two-hundred day moving average of $72.97. The stock has a market cap of $25.32 billion, a price-to-earnings ratio of 14.00, a price-to-earnings-growth ratio of 2.55 and a beta of 0.37. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.29.

W.R. Berkley (NYSE:WRB) last released its quarterly earnings results on Monday, October 20th. The insurance provider reported $1.10 earnings per share for the quarter, topping analysts’ consensus estimates of $1.07 by $0.03. The business had revenue of $3.77 billion during the quarter, compared to analysts’ expectations of $3.16 billion. W.R. Berkley had a return on equity of 18.86% and a net margin of 13.01%.The company’s revenue was up 10.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.93 EPS. As a group, research analysts anticipate that W.R. Berkley Corporation will post 4.33 earnings per share for the current year.

W.R. Berkley Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 29th. Shareholders of record on Monday, December 15th will be given a dividend of $0.09 per share. The ex-dividend date is Monday, December 15th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.5%. W.R. Berkley’s dividend payout ratio (DPR) is currently 7.56%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on WRB shares. UBS Group reaffirmed a “neutral” rating and set a $87.00 target price on shares of W.R. Berkley in a report on Friday, November 7th. Cantor Fitzgerald set a $78.00 price target on shares of W.R. Berkley in a research report on Monday, October 27th. Truist Financial set a $84.00 price objective on shares of W.R. Berkley and gave the company a “buy” rating in a report on Tuesday, October 21st. BMO Capital Markets lowered shares of W.R. Berkley from a “market perform” rating to an “underperform” rating and set a $64.00 target price on the stock. in a research note on Wednesday, October 22nd. Finally, Jefferies Financial Group dropped their price target on W.R. Berkley from $76.00 to $75.00 and set a “hold” rating for the company in a research report on Tuesday, October 21st. Three research analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $74.85.

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.