American Financial Group Inc. Has $6,758,000 Position in W.R. Berkley Corp. (WRB)
American Financial Group Inc. continued to hold its stake in shares of W.R. Berkley Corp. (NYSE:WRB) during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 117,000 shares of the company’s stock at the end of the third quarter. American Financial Group Inc. owned about 0.10% of W.R. Berkley Corp. worth $6,758,000 at the end of the most recent quarter.
Several other hedge funds also recently made changes to their positions in the stock. Investment Counselors of Maryland LLC boosted 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 valued at $111,000 after buying an additional 130 shares in the last quarter. Advisor Group Inc. bought a new stake in shares of W.R. Berkley Corp. during the second quarter valued at about $125,000. Sei Investments Co. boosted its stake in shares of W.R. Berkley Corp. by 1.4% in the third quarter. Sei Investments Co. now owns 2,305 shares of the company’s stock valued at $133,000 after buying an additional 32 shares in the last quarter. Trust Co. of Vermont bought a new stake in shares of W.R. Berkley Corp. during the third quarter valued at about $153,000. Finally, Brightworth bought a new stake in shares of W.R. Berkley Corp. during the second quarter valued at about $213,000. 71.42% of the stock is owned by institutional investors.
W.R. Berkley Corp. (NYSE:WRB) traded up 0.50% during trading on Tuesday, reaching $62.14. 194,681 shares of the company’s stock were exchanged. The company has a market capitalization of $7.54 billion, a PE ratio of 14.29 and a beta of 0.67. W.R. Berkley Corp. has a 1-year low of $47.54 and a 1-year high of $62.19. The company’s 50-day moving average is $58.09 and its 200-day moving average is $57.77.
W.R. Berkley Corp. (NYSE:WRB) last released its earnings results on Tuesday, October 25th. The company reported $0.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.85 by $0.03. W.R. Berkley Corp. had a net margin of 7.46% and a return on equity of 9.28%. The company earned $2.02 billion during the quarter, compared to the consensus estimate of $1.89 billion. During the same quarter in the prior year, the firm earned $0.91 EPS. The company’s revenue was up 8.5% compared to the same quarter last year. Equities research analysts expect that W.R. Berkley Corp. will post $3.44 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, December 15th. Shareholders of record on Thursday, December 1st will be given a $0.13 dividend. The ex-dividend date of this dividend is Tuesday, November 29th. This represents a $0.52 dividend on an annualized basis and a yield of 0.84%. W.R. Berkley Corp.’s payout ratio is 11.95%.
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Several analysts have recently issued reports on the stock. Zacks Investment Research cut shares of W.R. Berkley Corp. from a “buy” rating to a “hold” rating in a research report on Thursday, October 27th. Goldman Sachs Group Inc. cut shares of W.R. Berkley Corp. from a “buy” rating to a “neutral” rating and set a $60.00 price target for the company. in a research report 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 report on Monday, September 12th. Finally, Deutsche Bank AG upped their price target 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 issued a hold rating to the stock. The company presently has an average rating of “Hold” and an average 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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