10,106 Shares in W.R. Berkley Corporation $WRB Purchased by Stance Capital LLC

Stance Capital LLC acquired a new stake in shares of W.R. Berkley Corporation (NYSE:WRB) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund acquired 10,106 shares of the insurance provider’s stock, valued at approximately $742,000.

Other hedge funds also recently made changes to their positions in the company. Brighton Jones LLC lifted its position in W.R. Berkley by 75.6% during the fourth quarter. Brighton Jones LLC now owns 50,503 shares of the insurance provider’s stock valued at $2,955,000 after buying an additional 21,737 shares during the period. Public Sector Pension Investment Board grew its position in shares of W.R. Berkley by 2.7% in the 1st quarter. Public Sector Pension Investment Board now owns 80,244 shares of the insurance provider’s stock worth $5,710,000 after buying an additional 2,107 shares during the period. HighTower Advisors LLC increased its stake in shares of W.R. Berkley by 1.7% in the 1st quarter. HighTower Advisors LLC now owns 126,392 shares of the insurance provider’s stock worth $8,994,000 after acquiring an additional 2,170 shares in the last quarter. Boston Partners lifted its position in W.R. Berkley by 63.0% during the 1st quarter. Boston Partners now owns 20,516 shares of the insurance provider’s stock valued at $1,460,000 after acquiring an additional 7,929 shares during the period. Finally, Horizon Investments LLC boosted its stake in W.R. Berkley by 4.7% during the first quarter. Horizon Investments LLC now owns 4,339 shares of the insurance provider’s stock worth $309,000 after acquiring an additional 195 shares in the last quarter. 68.82% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on WRB shares. Cantor Fitzgerald set a $78.00 target price on shares of W.R. Berkley in a report on Monday, October 27th. Truist Financial set a $84.00 price objective on W.R. Berkley and gave the company a “buy” rating in a research report on Tuesday, October 21st. Wells Fargo & Company set a $66.00 target price on W.R. Berkley and gave the stock an “equal weight” rating in a report on Tuesday, October 21st. BMO Capital Markets cut 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, Barclays reaffirmed an “underweight” rating and issued a $73.00 price target on shares of W.R. Berkley in a research report on Wednesday, October 8th. Three investment 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. According to MarketBeat.com, W.R. Berkley presently has an average rating of “Hold” and an average target price of $74.85.

W.R. Berkley Trading Down 0.1%

Shares of NYSE:WRB opened at $69.27 on Monday. The stock’s 50-day simple moving average is $74.54 and its two-hundred day simple moving average is $72.83. The stock has a market capitalization of $26.33 billion, a price-to-earnings ratio of 14.55, a PEG ratio of 2.65 and a beta of 0.37. W.R. Berkley Corporation has a 52-week low of $55.97 and a 52-week high of $78.96. 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 announced its earnings results on Monday, October 20th. The insurance provider reported $1.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.07 by $0.03. W.R. Berkley had a net margin of 13.01% and a return on equity of 18.86%. The company had revenue of $3.77 billion during the quarter, compared to analyst estimates of $3.16 billion. During the same period in the previous year, the business posted $0.93 earnings per share. The firm’s quarterly revenue was up 10.8% compared to the same quarter last year. Analysts expect that W.R. Berkley Corporation will post 4.33 EPS for the current year.

W.R. Berkley Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 29th. Stockholders of record on Monday, December 15th will be paid a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 0.5%. The ex-dividend date is Monday, December 15th. W.R. Berkley’s dividend payout ratio is 7.56%.

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.