denkapparat Operations GmbH Buys Shares of 2,776 W.R. Berkley Corporation $WRB

denkapparat Operations GmbH purchased a new position in W.R. Berkley Corporation (NYSE:WRB) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 2,776 shares of the insurance provider’s stock, valued at approximately $204,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Brighton Jones LLC increased its position in W.R. Berkley by 75.6% during the 4th 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 in the last quarter. Bleakley Financial Group LLC grew its stake in shares of W.R. Berkley by 0.7% during the first quarter. Bleakley Financial Group LLC now owns 23,237 shares of the insurance provider’s stock worth $1,654,000 after acquiring an additional 162 shares during the last quarter. Signaturefd LLC increased its holdings in shares of W.R. Berkley by 14.4% during the first quarter. Signaturefd LLC now owns 5,200 shares of the insurance provider’s stock valued at $370,000 after acquiring an additional 656 shares in the last quarter. Apollon Wealth Management LLC raised its position in shares of W.R. Berkley by 15.5% in the 1st quarter. Apollon Wealth Management LLC now owns 4,779 shares of the insurance provider’s stock valued at $340,000 after purchasing an additional 640 shares during the last quarter. Finally, Wealthfront Advisers LLC boosted its stake in W.R. Berkley by 28.6% in the 1st quarter. Wealthfront Advisers LLC now owns 17,412 shares of the insurance provider’s stock worth $1,239,000 after purchasing an additional 3,870 shares in the last quarter. Hedge funds and other institutional investors own 68.82% of the company’s stock.

W.R. Berkley Price Performance

NYSE:WRB opened at $76.63 on Thursday. The firm’s fifty day moving average is $74.59 and its two-hundred day moving average is $72.62. The firm has a market cap of $29.12 billion, a price-to-earnings ratio of 16.10, a PEG ratio of 2.73 and a beta of 0.40. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.37 and a current ratio of 0.37. W.R. Berkley Corporation has a one year low of $55.97 and a one year high of $78.48.

W.R. Berkley (NYSE:WRB) last issued its quarterly earnings data 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. 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 company’s revenue for the quarter was up 10.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.93 EPS. Research 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 disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 22nd were paid a dividend of $0.09 per share. The ex-dividend date of this dividend was Monday, September 22nd. 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 presently 7.56%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on WRB shares. Weiss Ratings restated a “buy (b)” rating on shares of W.R. Berkley in a research note on Wednesday, October 8th. 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 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 note on Wednesday, October 22nd. Jefferies Financial Group lowered 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. Finally, UBS Group reissued a “neutral” rating and issued a $87.00 price objective on shares of W.R. Berkley in a report on Friday, November 7th. Three equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $74.46.

About W.R. Berkley

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.