Berkley W R Corp Buys Shares of 209,542 St. Joe Company (The) $JOE

Berkley W R Corp bought a new stake in St. Joe Company (The) (NYSE:JOE) during the second quarter, Holdings Channel reports. The institutional investor bought 209,542 shares of the financial services provider’s stock, valued at approximately $13,124,000. St. Joe accounts for 0.6% of Berkley W R Corp’s holdings, making the stock its 20th largest holding.

A number of other hedge funds have also made changes to their positions in the stock. Royal Bank of Canada boosted its holdings in shares of St. Joe by 4.9% during the first quarter. Royal Bank of Canada now owns 29,915 shares of the financial services provider’s stock worth $1,404,000 after purchasing an additional 1,384 shares during the period. AQR Capital Management LLC increased its stake in St. Joe by 152.4% in the 1st quarter. AQR Capital Management LLC now owns 76,084 shares of the financial services provider’s stock valued at $3,572,000 after buying an additional 45,939 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in St. Joe by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,459 shares of the financial services provider’s stock valued at $1,008,000 after buying an additional 951 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in St. Joe by 29.4% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 87,606 shares of the financial services provider’s stock worth $4,113,000 after buying an additional 19,879 shares in the last quarter. Finally, Intech Investment Management LLC lifted its position in St. Joe by 45.8% in the 1st quarter. Intech Investment Management LLC now owns 26,218 shares of the financial services provider’s stock worth $1,231,000 after buying an additional 8,235 shares in the last quarter. 86.67% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Weiss Ratings raised shares of St. Joe from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, August 5th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, St. Joe currently has a consensus rating of “Buy”.

St. Joe Stock Performance

Shares of JOE stock opened at $69.06 on Thursday. St. Joe Company has a fifty-two week low of $46.37 and a fifty-two week high of $73.54. The stock’s 50-day moving average is $64.38 and its two-hundred day moving average is $65.99. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.84 and a quick ratio of 1.84. The firm has a market cap of $3.93 billion, a P/E ratio of 32.27 and a beta of 1.29.

St. Joe (NYSE:JOE) last announced its quarterly earnings results on Wednesday, July 29th. The financial services provider reported $0.71 earnings per share (EPS) for the quarter. The business had revenue of $158.86 million during the quarter. St. Joe had a return on equity of 15.90% and a net margin of 22.45%.

St. Joe Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 18th. Investors of record on Friday, August 21st will be given a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend is Friday, August 21st. St. Joe’s dividend payout ratio (DPR) is presently 29.91%.

Insider Transactions at St. Joe

In other St. Joe news, major shareholder Bruce R. Berkowitz sold 140,400 shares of St. Joe stock in a transaction that occurred on Thursday, June 18th. The shares were sold at an average price of $65.71, for a total value of $9,225,684.00. Following the completion of the sale, the insider directly owned 15,073,624 shares in the company, valued at $990,487,833.04. The trade was a 0.92% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold 506,500 shares of company stock valued at $33,116,206 in the last ninety days. 0.35% of the stock is owned by insiders.

St. Joe Profile

The St. Joe Company (NYSE: JOE) is a leading real estate development and asset management firm focused on Northwest Florida. Headquartered in Jacksonville, the company owns and manages approximately 171,000 acres of land across Bay, Gulf, Franklin and Walton counties. St. Joe’s core businesses include residential community development, commercial real estate, and hospitality, with an emphasis on master-planned neighborhoods, office and retail campuses, resort hotels and mixed-use town centers.

Founded in 1936 as a paper manufacturing company, St.