W.R. Berkley Corp. (NYSE:wrb) announced a quarterly dividend on Friday, November 4th. Stockholders of record on Thursday, December 1st will be paid a dividend of 0.13 per share on Thursday, December 15th. This represents a $0.52 annualized dividend and a dividend yield of 0.84%. The ex-dividend date is Tuesday, November 29th.

Shares of W.R. Berkley Corp. (NYSE:WRB) opened at 61.55 on Thursday. The stock has a 50 day moving average of $57.84 and a 200 day moving average of $57.65. The stock has a market cap of $7.47 billion, a PE ratio of 14.16 and a beta of 0.67. W.R. Berkley Corp. has a 12 month low of $47.54 and a 12 month high of $61.58.

W.R. Berkley Corp. (NYSE:WRB) last posted its quarterly earnings results on Tuesday, October 25th. The company reported $0.88 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.85 by $0.03. The firm had revenue of $2.02 billion for the quarter, compared to the consensus estimate of $1.89 billion. W.R. Berkley Corp. had a net margin of 7.46% and a return on equity of 9.28%. The company’s revenue for the quarter was up 8.5% on a year-over-year basis. During the same period last year, the firm posted $0.91 earnings per share. On average, equities analysts anticipate that W.R. Berkley Corp. will post $3.44 earnings per share for the current fiscal year.

Dividend History for W.R. Berkley Corp. (NYSE:wrb)

Large investors have recently made changes to their positions in the stock. Sei Investments Co. boosted its stake in shares of W.R. Berkley Corp. by 4.4% in the second quarter. Sei Investments Co. now owns 2,273 shares of the company’s stock worth $136,000 after buying an additional 96 shares in the last quarter. United Services Automobile Association boosted its stake in shares of W.R. Berkley Corp. by 2.4% in the second quarter. United Services Automobile Association now owns 8,890 shares of the company’s stock worth $533,000 after buying an additional 210 shares in the last quarter. BOKF NA boosted its stake in shares of W.R. Berkley Corp. by 3.7% in the second quarter. BOKF NA now owns 6,776 shares of the company’s stock worth $406,000 after buying an additional 239 shares in the last quarter. Johnson Financial Group Inc. boosted its stake in shares of W.R. Berkley Corp. by 2.7% in the second quarter. Johnson Financial Group Inc. now owns 19,142 shares of the company’s stock worth $1,147,000 after buying an additional 495 shares in the last quarter. Finally, Ameritas Investment Partners Inc. boosted its stake in shares of W.R. Berkley Corp. by 3.6% in the second quarter. Ameritas Investment Partners Inc. now owns 15,508 shares of the company’s stock worth $929,000 after buying an additional 532 shares in the last quarter. Institutional investors and hedge funds own 71.75% of the company’s stock.

Several research firms have recently weighed in on WRB. Zacks Investment Research downgraded shares of W.R. Berkley Corp. from a “buy” rating to a “hold” rating in a research note on Thursday, October 27th. Goldman Sachs Group Inc. downgraded shares of W.R. Berkley Corp. from a “buy” rating to a “neutral” rating and set a $60.00 price target on the stock. in a research note on Tuesday, November 15th. Credit Suisse Group AG set a $52.00 price target on shares of W.R. Berkley Corp. and gave the stock a “sell” rating in a research note on Monday, September 12th. Finally, Deutsche Bank AG raised their price objective on shares of W.R. Berkley Corp. from $55.00 to $60.00 and gave the stock a “hold” rating in a research report on Wednesday, October 26th. One analyst has rated the stock with a sell rating and six have given a hold rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $58.43.

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W.R. Berkley Corp. Company Profile

W. R. Berkley Corporation is an insurance holding company. The Company operates in the three segments of the property casualty insurance business: Insurance-Domestic, Insurance-International and Reinsurance-Global. Its Insurance-Domestic segment includes commercial insurance business, including excess and surplus lines and admitted lines, primarily throughout the United States.

5 Day Chart for NYSE:WRB

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