Cwm LLC Acquires 274 Shares of W. R. Berkley Co. (NYSE:WRB)

Cwm LLC raised its holdings in shares of W. R. Berkley Co. (NYSE:WRBGet Rating) by 18.6% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,746 shares of the insurance provider’s stock after acquiring an additional 274 shares during the quarter. Cwm LLC’s holdings in W. R. Berkley were worth $113,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. Assenagon Asset Management S.A. grew its stake in shares of W. R. Berkley by 331.5% during the 3rd quarter. Assenagon Asset Management S.A. now owns 300,380 shares of the insurance provider’s stock worth $19,399,000 after acquiring an additional 230,773 shares in the last quarter. Robeco Institutional Asset Management B.V. grew its stake in shares of W. R. Berkley by 82.5% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 563,885 shares of the insurance provider’s stock worth $36,416,000 after acquiring an additional 254,850 shares in the last quarter. Achmea Investment Management B.V. grew its stake in shares of W. R. Berkley by 106.8% during the 3rd quarter. Achmea Investment Management B.V. now owns 86,833 shares of the insurance provider’s stock worth $5,608,000 after acquiring an additional 44,850 shares in the last quarter. Strs Ohio grew its stake in shares of W. R. Berkley by 3.4% during the 3rd quarter. Strs Ohio now owns 28,716 shares of the insurance provider’s stock worth $1,854,000 after acquiring an additional 932 shares in the last quarter. Finally, Handelsbanken Fonder AB grew its stake in shares of W. R. Berkley by 3.6% during the 3rd quarter. Handelsbanken Fonder AB now owns 74,495 shares of the insurance provider’s stock worth $4,811,000 after acquiring an additional 2,576 shares in the last quarter. 71.66% of the stock is owned by institutional investors.

W. R. Berkley Trading Up 0.5 %

WRB stock opened at $73.36 on Tuesday. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.37 and a quick ratio of 0.37. The company has a fifty day moving average price of $73.31 and a two-hundred day moving average price of $69.09. W. R. Berkley Co. has a one year low of $53.34 and a one year high of $76.99. The stock has a market cap of $19.48 billion, a price-to-earnings ratio of 15.81, a price-to-earnings-growth ratio of 1.72 and a beta of 0.64.

W. R. Berkley (NYSE:WRBGet Rating) last posted its earnings results on Monday, October 24th. The insurance provider reported $1.01 earnings per share for the quarter, topping analysts’ consensus estimates of $0.82 by $0.19. W. R. Berkley had a return on equity of 17.98% and a net margin of 12.05%. The company had revenue of $2.44 billion during the quarter, compared to the consensus estimate of $2.44 billion. During the same quarter last year, the firm earned $0.88 earnings per share. The company’s revenue was up 17.3% on a year-over-year basis. Equities analysts anticipate that W. R. Berkley Co. will post 4.31 EPS for the current year.

W. R. Berkley Cuts Dividend

The company also recently announced a special dividend, which will be paid on Tuesday, January 24th. Stockholders of record on Friday, January 13th will be issued a dividend of $0.50 per share. The ex-dividend date is Thursday, January 12th. W. R. Berkley’s dividend payout ratio is currently 8.62%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on WRB. StockNews.com cut shares of W. R. Berkley from a “buy” rating to a “hold” rating in a research note on Saturday, November 19th. Wells Fargo & Company raised their target price on shares of W. R. Berkley from $83.00 to $85.00 and gave the company an “overweight” rating in a research note on Wednesday, October 12th. Janney Montgomery Scott began coverage on shares of W. R. Berkley in a research note on Friday, November 11th. They issued a “buy” rating and a $88.00 target price for the company. Royal Bank of Canada raised their target price on shares of W. R. Berkley from $75.00 to $81.00 and gave the company an “outperform” rating in a research note on Tuesday, October 25th. Finally, Morgan Stanley lifted their price objective on shares of W. R. Berkley from $72.00 to $75.00 and gave the stock an “equal weight” rating in a research report on Tuesday, November 22nd. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $78.87.

About W. R. Berkley

(Get Rating)

W.R. Berkley Corp. is an insurance holding company, which engages in the property casualty insurance business. It operates through the following segments: Insurance and Reinsurance & Monoline Excess. The Insurance segment includes excess and surplus lines, admitted lines, and specialty personal lines throughout the United States, as well as insurance businesses in the United Kingdom, Continental Europe, South America, Canada, Mexico, Scandinavia, Asia, and Australia.

Further Reading

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Institutional Ownership by Quarter for W. R. Berkley (NYSE:WRB)

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