iSAM Funds UK Ltd Decreases Stock Position in W.R. Berkley Corporation $WRB

iSAM Funds UK Ltd reduced its holdings in shares of W.R. Berkley Corporation (NYSE:WRB) by 42.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,137 shares of the insurance provider’s stock after selling 9,722 shares during the quarter. iSAM Funds UK Ltd’s holdings in W.R. Berkley were worth $965,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Hilltop National Bank purchased a new position in shares of W.R. Berkley during the 2nd quarter worth approximately $27,000. Twin Peaks Wealth Advisors LLC purchased a new stake in W.R. Berkley in the 2nd quarter valued at approximately $27,000. Elevation Point Wealth Partners LLC acquired a new stake in W.R. Berkley during the 2nd quarter valued at $34,000. Keystone Global Partners LLC purchased a new position in W.R. Berkley during the first quarter worth $41,000. Finally, Cary Street Partners Financial LLC lifted its position in shares of W.R. Berkley by 691.9% in the second quarter. Cary Street Partners Financial LLC now owns 586 shares of the insurance provider’s stock valued at $43,000 after acquiring an additional 512 shares in the last quarter. Hedge funds and other institutional investors own 68.82% of the company’s stock.

W.R. Berkley Price Performance

WRB opened at $66.95 on Wednesday. W.R. Berkley Corporation has a 1 year low of $55.97 and a 1 year high of $78.96. The company’s 50 day simple moving average is $74.98 and its 200 day simple moving average is $72.93. The stock has a market capitalization of $25.44 billion, a PE ratio of 14.07, a P/E/G ratio of 2.54 and a beta of 0.37. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.37 and a current ratio of 0.37.

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

W.R. Berkley Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 29th. Investors of record on Monday, December 15th will be given a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend is Monday, December 15th. W.R. Berkley’s dividend payout ratio (DPR) is 7.56%.

Wall Street Analyst Weigh In

A number of research firms recently commented on WRB. UBS Group reiterated a “neutral” rating and set a $87.00 price objective on shares of W.R. Berkley in a research report on Friday, November 7th. Truist Financial set a $84.00 price target on shares of W.R. Berkley and gave the stock a “buy” rating in a report on Tuesday, October 21st. Cantor Fitzgerald set a $78.00 price objective on shares of W.R. Berkley in a research report on Monday, October 27th. Morgan Stanley set a $80.00 target price on shares of W.R. Berkley in a research report on Monday, November 17th. Finally, Barclays reaffirmed an “underweight” rating and issued a $73.00 target price on shares of W.R. Berkley in a research note on Wednesday, October 8th. Three equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $74.85.

W.R. Berkley 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.