W.R. Berkley Corporation (WRB) To Go Ex-Dividend on December 15th

W.R. Berkley Corporation (NYSE:WRB) announced a quarterly dividend on Friday, December 5th. Shareholders of record on Monday, December 15th will be paid a dividend of 0.09 per share by the insurance provider on Monday, December 29th. This represents a c) dividend on an annualized basis and a yield of 0.5%. The ex-dividend date is Monday, December 15th.

W.R. Berkley has increased its dividend payment by an average of 0.1%per year over the last three years and has increased its dividend annually for the last 23 consecutive years. W.R. Berkley has a payout ratio of 7.5% meaning its dividend is sufficiently covered by earnings. Analysts expect W.R. Berkley to earn $4.71 per share next year, which means the company should continue to be able to cover its $0.36 annual dividend with an expected future payout ratio of 7.6%.

W.R. Berkley Stock Down 0.1%

Shares of WRB traded down $0.07 during trading hours on Friday, reaching $69.27. The company’s stock had a trading volume of 4,040,496 shares, compared to its average volume of 3,371,777. The company has a 50 day moving average of $74.54 and a two-hundred day moving average of $72.84. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.29. The firm has a market cap of $26.33 billion, a price-to-earnings ratio of 14.55, a P/E/G ratio of 2.65 and a beta of 0.37. W.R. Berkley has a 1-year low of $55.97 and a 1-year high of $78.96.

W.R. Berkley (NYSE:WRB) last posted 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. The business had revenue of $3.77 billion during the quarter, compared to analysts’ expectations of $3.16 billion. W.R. Berkley had a net margin of 13.01% and a return on equity of 18.86%. The firm’s quarterly revenue was up 10.8% compared to the same quarter last year. During the same period last year, the company posted $0.93 earnings per share. As a group, research analysts predict that W.R. Berkley will post 4.33 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of WRB. Compass Financial Services Inc acquired a new stake in shares of W.R. Berkley in the third quarter valued at about $26,000. Hilltop National Bank acquired a new stake in W.R. Berkley in the 2nd quarter valued at approximately $27,000. Twin Peaks Wealth Advisors LLC acquired a new position in shares of W.R. Berkley during the second quarter worth approximately $27,000. Elevation Point Wealth Partners LLC acquired a new stake in shares of W.R. Berkley in the second quarter worth $34,000. Finally, Triumph Capital Management bought a new position in W.R. Berkley during the third quarter worth $35,000. Institutional investors own 68.82% of the company’s stock.

W.R. Berkley Company 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.