W.R. Berkley Corporation $WRB Shares Sold by Impact Partnership Wealth LLC

Impact Partnership Wealth LLC lowered its position in shares of W.R. Berkley Corporation (NYSE:WRB) by 49.1% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,502 shares of the insurance provider’s stock after selling 8,204 shares during the period. Impact Partnership Wealth LLC’s holdings in W.R. Berkley were worth $625,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Kayne Anderson Rudnick Investment Management LLC increased its holdings in W.R. Berkley by 0.6% in the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 11,787,639 shares of the insurance provider’s stock valued at $838,808,000 after purchasing an additional 65,163 shares during the last quarter. Principal Financial Group Inc. lifted its position in shares of W.R. Berkley by 21.8% during the 1st quarter. Principal Financial Group Inc. now owns 5,022,039 shares of the insurance provider’s stock worth $357,368,000 after purchasing an additional 900,071 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of W.R. Berkley by 2.1% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,539,691 shares of the insurance provider’s stock worth $180,724,000 after purchasing an additional 52,594 shares during the last quarter. Madison Asset Management LLC raised its stake in W.R. Berkley by 9.5% during the 1st quarter. Madison Asset Management LLC now owns 1,842,275 shares of the insurance provider’s stock worth $131,096,000 after acquiring an additional 160,017 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in W.R. Berkley by 1.4% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,822,617 shares of the insurance provider’s stock worth $129,697,000 after acquiring an additional 25,782 shares in the last quarter. Institutional investors and hedge funds own 68.82% of the company’s stock.

W.R. Berkley Stock Performance

NYSE:WRB opened at $71.35 on Thursday. The firm has a 50 day simple moving average of $74.11 and a 200-day simple moving average of $72.30. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.37 and a quick ratio of 0.37. The firm has a market cap of $27.06 billion, a PE ratio of 14.99, a P/E/G ratio of 2.78 and a beta of 0.42. W.R. Berkley Corporation has a 1-year low of $55.97 and a 1-year high of $78.48.

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

W.R. Berkley Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 22nd were given a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date was Monday, September 22nd. W.R. Berkley’s dividend payout ratio (DPR) is presently 7.56%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on WRB. Cantor Fitzgerald set a $78.00 price objective on shares of W.R. Berkley in a research note on Monday. Wolfe Research assumed coverage on shares of W.R. Berkley in a research note on Monday, September 15th. They set a “peer perform” rating on the stock. UBS Group set a $87.00 price target on shares of W.R. Berkley and gave the stock a “buy” rating in a research note on Wednesday, October 8th. Jefferies Financial Group decreased their price objective on shares of W.R. Berkley from $76.00 to $75.00 and set a “hold” rating on the stock in a report on Tuesday, October 21st. Finally, Wells Fargo & Company set a $66.00 price objective on shares of W.R. Berkley and gave the stock an “equal weight” rating in a report on Tuesday, October 21st. Four research analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus 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.