Stephens Inc. AR Acquires 413 Shares of W. R. Berkley Co. (NYSE:WRB)

Stephens Inc. AR boosted its holdings in shares of W. R. Berkley Co. (NYSE:WRBGet Rating) by 3.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 12,626 shares of the insurance provider’s stock after purchasing an additional 413 shares during the quarter. Stephens Inc. AR’s holdings in W. R. Berkley were worth $815,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in WRB. Vanguard Group Inc. boosted its stake in W. R. Berkley by 55.3% during the 1st quarter. Vanguard Group Inc. now owns 24,331,473 shares of the insurance provider’s stock valued at $1,620,232,000 after purchasing an additional 8,664,707 shares during the period. State Street Corp lifted its position in shares of W. R. Berkley by 65.6% in the 1st quarter. State Street Corp now owns 11,940,770 shares of the insurance provider’s stock worth $795,136,000 after acquiring an additional 4,732,333 shares during the period. Invesco Ltd. lifted its position in shares of W. R. Berkley by 119.7% in the 1st quarter. Invesco Ltd. now owns 3,377,556 shares of the insurance provider’s stock worth $224,911,000 after acquiring an additional 1,840,475 shares during the period. Goldman Sachs Group Inc. lifted its position in shares of W. R. Berkley by 132.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,697,989 shares of the insurance provider’s stock worth $113,069,000 after acquiring an additional 968,387 shares during the period. Finally, Capital World Investors lifted its position in shares of W. R. Berkley by 50.0% in the 1st quarter. Capital World Investors now owns 2,112,557 shares of the insurance provider’s stock worth $140,675,000 after acquiring an additional 704,176 shares during the period. Institutional investors own 71.66% of the company’s stock.

Analyst Ratings Changes

A number of analysts have commented on WRB shares. UBS Group raised their price objective on W. R. Berkley to $84.00 in a research report on Friday, November 4th. Wells Fargo & Company raised their price objective on W. R. Berkley from $83.00 to $85.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 12th. StockNews.com cut W. R. Berkley from a “buy” rating to a “hold” rating in a report on Saturday, November 19th. Royal Bank of Canada increased their target price on W. R. Berkley from $75.00 to $81.00 and gave the stock an “outperform” rating in a report on Tuesday, October 25th. Finally, Morgan Stanley increased their target price on W. R. Berkley from $72.00 to $75.00 and gave the stock an “equal weight” rating in a report on Tuesday, November 22nd. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, W. R. Berkley presently has an average rating of “Moderate Buy” and an average target price of $78.61.

W. R. Berkley Trading Up 0.2 %

WRB stock opened at $69.92 on Friday. The business has a fifty day moving average price of $73.14 and a 200 day moving average price of $69.14. W. R. Berkley Co. has a fifty-two week low of $53.34 and a fifty-two week high of $76.99. The stock has a market capitalization of $18.56 billion, a price-to-earnings ratio of 15.07, a P/E/G ratio of 1.72 and a beta of 0.64. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.37 and a quick ratio of 0.37.

W. R. Berkley (NYSE:WRBGet Rating) last released its quarterly earnings results on Monday, October 24th. The insurance provider reported $1.01 earnings per share for the quarter, beating 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 firm had revenue of $2.44 billion during the quarter, compared to analysts’ expectations of $2.44 billion. During the same period last year, the firm posted $0.88 EPS. The business’s revenue was up 17.3% on a year-over-year basis. Analysts expect that W. R. Berkley Co. will post 4.31 EPS for the current fiscal 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 paid a $0.50 dividend. The ex-dividend date is Thursday, January 12th. W. R. Berkley’s dividend payout ratio (DPR) is currently 8.62%.

About W. R. Berkley

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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

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

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