Teacher Retirement System of Texas Sells 100,274 Shares of W.R. Berkley Corporation $WRB

Teacher Retirement System of Texas decreased its holdings in W.R. Berkley Corporation (NYSE:WRB) by 22.4% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 347,963 shares of the insurance provider’s stock after selling 100,274 shares during the quarter. Teacher Retirement System of Texas owned approximately 0.09% of W.R. Berkley worth $25,565,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of WRB. Brighton Jones LLC raised its position in W.R. Berkley by 75.6% in the 4th quarter. Brighton Jones LLC now owns 50,503 shares of the insurance provider’s stock valued at $2,955,000 after purchasing an additional 21,737 shares during the last quarter. GAMMA Investing LLC raised its position in W.R. Berkley by 23.8% in the 1st quarter. GAMMA Investing LLC now owns 9,442 shares of the insurance provider’s stock valued at $672,000 after purchasing an additional 1,815 shares during the last quarter. Oppenheimer & Co. Inc. raised its position in W.R. Berkley by 4.2% in the 1st quarter. Oppenheimer & Co. Inc. now owns 4,842 shares of the insurance provider’s stock valued at $345,000 after purchasing an additional 194 shares during the last quarter. Robeco Institutional Asset Management B.V. increased its stake in shares of W.R. Berkley by 22.5% in the 1st quarter. Robeco Institutional Asset Management B.V. now owns 76,635 shares of the insurance provider’s stock valued at $5,453,000 after buying an additional 14,089 shares during the period. Finally, Creative Financial Designs Inc. ADV raised its position in shares of W.R. Berkley by 24.6% during the first quarter. Creative Financial Designs Inc. ADV now owns 1,104 shares of the insurance provider’s stock worth $79,000 after acquiring an additional 218 shares during the last quarter. Institutional investors own 68.82% of the company’s stock.

W.R. Berkley Stock Up 0.2%

Shares of W.R. Berkley stock opened at $75.19 on Tuesday. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.31. W.R. Berkley Corporation has a 12 month low of $55.97 and a 12 month high of $78.48. The business has a fifty day simple moving average of $74.11 and a 200 day simple moving average of $72.24. The stock has a market cap of $28.52 billion, a PE ratio of 15.80, a price-to-earnings-growth ratio of 2.88 and a beta of 0.42.

W.R. Berkley (NYSE:WRB) last announced its quarterly earnings data on Monday, October 20th. The insurance provider reported $1.10 EPS for the quarter, topping analysts’ consensus estimates of $1.07 by $0.03. The business had revenue of $3.16 billion during the quarter, compared to analysts’ expectations of $3.16 billion. W.R. Berkley had a return on equity of 19.35% and a net margin of 13.01%.The firm’s quarterly revenue was up 10.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.93 earnings per share. Research analysts predict that W.R. Berkley Corporation will post 4.33 EPS for the current year.

W.R. Berkley Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 22nd were issued a dividend of $0.09 per share. The ex-dividend date was Monday, September 22nd. This represents a $0.36 annualized dividend and a yield of 0.5%. W.R. Berkley’s payout ratio is currently 7.56%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on WRB shares. BMO Capital Markets downgraded W.R. Berkley from a “market perform” rating to an “underperform” rating and set a $64.00 target price for the company. in a research report on Wednesday, October 22nd. Cantor Fitzgerald set a $78.00 target price on W.R. Berkley in a research report on Monday. Weiss Ratings restated a “buy (b)” rating on shares of W.R. Berkley in a research report on Wednesday, October 8th. Truist Financial set a $84.00 target price on W.R. Berkley and gave the stock a “buy” rating in a research report on Tuesday, October 21st. Finally, Barclays restated an “underweight” rating and set a $73.00 target price on shares of W.R. Berkley in a research report on Wednesday, October 8th. Four equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $74.46.

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.