Rockefeller Capital Management L.P. Sells 9,169 Shares of W.R. Berkley Corporation $WRB

Rockefeller Capital Management L.P. lessened its holdings in W.R. Berkley Corporation (NYSE:WRB) by 3.5% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 250,370 shares of the insurance provider’s stock after selling 9,169 shares during the period. Rockefeller Capital Management L.P. owned 0.07% of W.R. Berkley worth $18,395,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Woodline Partners LP lifted its holdings in W.R. Berkley by 4,198.9% in the 1st quarter. Woodline Partners LP now owns 777,201 shares of the insurance provider’s stock worth $55,306,000 after purchasing an additional 759,122 shares in the last quarter. Nuveen LLC bought a new stake in shares of W.R. Berkley during the first quarter valued at approximately $44,210,000. Jacobs Levy Equity Management Inc. lifted its holdings in shares of W.R. Berkley by 60.1% in the first quarter. Jacobs Levy Equity Management Inc. now owns 826,616 shares of the insurance provider’s stock worth $58,822,000 after buying an additional 310,313 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of W.R. Berkley by 3.7% during the second quarter. Geode Capital Management LLC now owns 8,189,248 shares of the insurance provider’s stock worth $599,271,000 after acquiring an additional 289,172 shares during the last quarter. Finally, AQR Capital Management LLC grew its stake in W.R. Berkley by 18.5% during the first quarter. AQR Capital Management LLC now owns 1,542,249 shares of the insurance provider’s stock valued at $109,746,000 after acquiring an additional 240,557 shares in the last quarter. 68.82% of the stock is currently owned by hedge funds and other institutional investors.

W.R. Berkley Price Performance

NYSE:WRB opened at $77.49 on Wednesday. The firm has a market capitalization of $29.45 billion, a price-to-earnings ratio of 16.28, a PEG ratio of 2.73 and a beta of 0.40. 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 business has a 50 day simple moving average of $74.96 and a 200-day simple moving average of $72.79. 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 released its earnings results on Monday, October 20th. The insurance provider reported $1.10 earnings per share for the quarter, beating the consensus estimate of $1.07 by $0.03. The firm had revenue of $3.77 billion for the quarter, compared to the consensus estimate of $3.16 billion. W.R. Berkley had a return on equity of 19.35% and a net margin of 13.01%.The company’s revenue for the quarter was up 10.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.93 EPS. Equities analysts forecast that W.R. Berkley Corporation will post 4.33 EPS for the current year.

W.R. Berkley Dividend Announcement

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

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. UBS Group reiterated a “neutral” rating and issued a $87.00 price target on shares of W.R. Berkley in a research note on Friday, November 7th. Truist Financial set a $84.00 target price on W.R. Berkley and gave the stock a “buy” rating in a report on Tuesday, October 21st. Morgan Stanley set a $80.00 target price on W.R. Berkley in a research report on Monday. Barclays restated an “underweight” rating and set a $73.00 price target on shares of W.R. Berkley in a report on Wednesday, October 8th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of W.R. Berkley in a research note on Wednesday, October 8th. Three analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $74.85.

W.R. Berkley Profile

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.