Tredje AP fonden Raises Position in W.R. Berkley Corporation $WRB

Tredje AP fonden increased its position in W.R. Berkley Corporation (NYSE:WRB) by 2.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 49,181 shares of the insurance provider’s stock after buying an additional 1,016 shares during the quarter. Tredje AP fonden’s holdings in W.R. Berkley were worth $3,613,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Hilltop National Bank purchased a new position in shares of W.R. Berkley in the 2nd quarter worth about $27,000. Spectrum Wealth Counsel LLC purchased a new position in W.R. Berkley in the first quarter valued at approximately $29,000. N.E.W. Advisory Services LLC purchased a new position in W.R. Berkley in the first quarter valued at approximately $36,000. Keystone Global Partners LLC purchased a new position in W.R. Berkley in the first quarter valued at approximately $41,000. Finally, Whipplewood Advisors LLC raised its holdings in W.R. Berkley by 148.4% in the second quarter. Whipplewood Advisors LLC now owns 616 shares of the insurance provider’s stock valued at $45,000 after buying an additional 368 shares during the period. 68.82% of the stock is currently owned by hedge funds and other institutional investors.

W.R. Berkley Price Performance

Shares of NYSE WRB opened at $71.45 on Monday. W.R. Berkley Corporation has a twelve month low of $55.97 and a twelve month high of $78.48. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.31. The company has a market capitalization of $27.10 billion, a price-to-earnings ratio of 15.01, a price-to-earnings-growth ratio of 2.73 and a beta of 0.42. The business has a 50 day simple moving average of $74.07 and a 200-day simple moving average of $72.37.

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

W.R. Berkley Announces Dividend

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

Analyst Ratings Changes

A number of equities analysts have recently commented on WRB shares. Wolfe Research started coverage on shares of W.R. Berkley in a research note on Monday, September 15th. They issued a “peer perform” rating on the stock. Barclays reissued an “underweight” rating and issued a $73.00 price objective on shares of W.R. Berkley in a research report on Wednesday, October 8th. Wells Fargo & Company set a $66.00 target price on W.R. Berkley and gave the company an “equal weight” rating in a report on Tuesday, October 21st. BMO Capital Markets downgraded W.R. Berkley from a “market perform” rating to an “underperform” rating and set a $64.00 target price on the stock. in a report on Wednesday, October 22nd. Finally, UBS Group set a $87.00 target price on W.R. Berkley and gave the company a “buy” rating in a report on Wednesday, October 8th. Four analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, W.R. Berkley presently has a consensus rating of “Hold” and a consensus price target 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.