W.R. Berkley Corp. (WRB) Shares Bought by TD Asset Management Inc.
TD Asset Management Inc. boosted its position in shares of W.R. Berkley Corp. (NYSE:WRB) by 3.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 638,268 shares of the company’s stock after buying an additional 22,904 shares during the period. TD Asset Management Inc. owned about 0.52% of W.R. Berkley Corp. worth $36,866,000 at the end of the most recent quarter.
Other hedge funds have also recently modified their holdings of the company. Capstone Asset Management Co. raised its stake in shares of W.R. Berkley Corp. by 0.8% in the second quarter. Capstone Asset Management Co. now owns 12,247 shares of the company’s stock worth $734,000 after buying an additional 92 shares during the last quarter. Sei Investments Co. raised 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 during the last quarter. KLCM Advisors Inc. raised its stake in shares of W.R. Berkley Corp. by 0.6% in the second quarter. KLCM Advisors Inc. now owns 16,084 shares of the company’s stock worth $1,175,000 after buying an additional 100 shares during the last quarter. Wright Investors Service Inc. raised its stake in shares of W.R. Berkley Corp. by 0.7% in the third quarter. Wright Investors Service Inc. now owns 17,977 shares of the company’s stock worth $1,038,000 after buying an additional 125 shares during the last quarter. Finally, Investment Counselors of Maryland LLC raised its stake in shares of W.R. Berkley Corp. by 7.3% in the third quarter. Investment Counselors of Maryland LLC now owns 1,921 shares of the company’s stock worth $111,000 after buying an additional 130 shares during the last quarter. 71.42% of the stock is owned by institutional investors and hedge funds.
W.R. Berkley Corp. (NYSE:WRB) traded down 0.08% during trading on Monday, hitting $61.99. The stock had a trading volume of 181,112 shares. The company has a market capitalization of $7.52 billion, a P/E ratio of 14.26 and a beta of 0.67. The stock’s 50-day moving average price is $57.97 and its 200-day moving average price is $57.70. W.R. Berkley Corp. has a 1-year low of $47.54 and a 1-year high of $62.15.
W.R. Berkley Corp. (NYSE:WRB) last announced its quarterly earnings results on Tuesday, October 25th. The company reported $0.88 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.85 by $0.03. The company earned $2.02 billion during 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 firm’s quarterly revenue was up 8.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.91 earnings per share. Analysts expect that W.R. Berkley Corp. will post $3.44 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, December 15th. Investors of record on Thursday, December 1st will be given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 0.84%. The ex-dividend date of this dividend is Tuesday, November 29th. W.R. Berkley Corp.’s dividend payout ratio (DPR) is currently 11.95%.
A number of brokerages recently commented on WRB. Zacks Investment Research raised W.R. Berkley Corp. from a “sell” rating to a “hold” rating in a research report on Friday, August 19th. Deutsche Bank AG boosted their target price on W.R. Berkley Corp. from $55.00 to $60.00 and gave the company a “hold” rating in a research report on Wednesday, October 26th. Goldman Sachs Group Inc. lowered W.R. Berkley Corp. from a “buy” rating to a “neutral” rating and set a $60.00 price objective for the company. in a report on Tuesday, November 15th. Finally, Credit Suisse Group AG set a $52.00 price objective on W.R. Berkley Corp. and gave the stock a “sell” rating in a report on Monday, September 12th. One investment analyst has rated the stock with a sell rating and six have assigned a hold rating to the company. The stock has an average rating of “Hold” and a consensus price target of $58.43.
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.
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