Pacer Advisors Inc. Increases Stock Position in W. R. Berkley Co. (NYSE:WRB)

Pacer Advisors Inc. raised its stake in W. R. Berkley Co. (NYSE:WRBFree Report) by 5.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,626 shares of the insurance provider’s stock after buying an additional 709 shares during the period. Pacer Advisors Inc.’s holdings in W. R. Berkley were worth $964,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Bruce G. Allen Investments LLC bought a new position in shares of W. R. Berkley during the 4th quarter valued at about $25,000. Clear Street Markets LLC grew its position in W. R. Berkley by 92.3% during the first quarter. Clear Street Markets LLC now owns 398 shares of the insurance provider’s stock valued at $25,000 after acquiring an additional 191 shares during the last quarter. Parkside Financial Bank & Trust raised its stake in shares of W. R. Berkley by 106.1% during the third quarter. Parkside Financial Bank & Trust now owns 406 shares of the insurance provider’s stock worth $26,000 after acquiring an additional 209 shares in the last quarter. Raleigh Capital Management Inc. lifted its holdings in shares of W. R. Berkley by 132.6% in the 3rd quarter. Raleigh Capital Management Inc. now owns 414 shares of the insurance provider’s stock worth $26,000 after acquiring an additional 236 shares during the last quarter. Finally, VisionPoint Advisory Group LLC purchased a new stake in shares of W. R. Berkley in the 3rd quarter valued at $27,000. Hedge funds and other institutional investors own 68.82% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on WRB shares. BMO Capital Markets lifted their target price on shares of W. R. Berkley from $71.00 to $81.00 and gave the stock a “market perform” rating in a research report on Friday, January 26th. Keefe, Bruyette & Woods lifted their price objective on W. R. Berkley from $80.00 to $85.00 and gave the stock a “market perform” rating in a report on Tuesday, February 27th. Royal Bank of Canada increased their target price on W. R. Berkley from $73.00 to $79.00 and gave the company a “sector perform” rating in a report on Thursday, January 25th. Truist Financial lifted their price target on W. R. Berkley from $83.00 to $95.00 and gave the stock a “buy” rating in a research note on Thursday, January 25th. Finally, UBS Group raised their target price on shares of W. R. Berkley from $81.00 to $93.00 and gave the stock a “buy” rating in a report on Tuesday, January 30th. Five research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, W. R. Berkley currently has a consensus rating of “Moderate Buy” and an average target price of $84.11.

Check Out Our Latest Stock Analysis on WRB

W. R. Berkley Price Performance

WRB opened at $87.29 on Wednesday. The stock’s 50 day moving average price is $83.79 and its 200-day moving average price is $74.19. W. R. Berkley Co. has a 52-week low of $55.50 and a 52-week high of $89.18. The stock has a market capitalization of $22.39 billion, a PE ratio of 17.25, a price-to-earnings-growth ratio of 1.64 and a beta of 0.57. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.37 and a current ratio of 0.37.

W. R. Berkley (NYSE:WRBGet Free Report) last posted its quarterly earnings data on Wednesday, January 24th. The insurance provider reported $1.45 earnings per share for the quarter, beating the consensus estimate of $1.35 by $0.10. W. R. Berkley had a return on equity of 19.03% and a net margin of 11.38%. The business had revenue of $3.22 billion for the quarter, compared to analysts’ expectations of $2.70 billion. During the same period in the previous year, the firm posted $1.16 EPS. The business’s revenue was up 6.9% on a year-over-year basis. On average, equities research analysts predict that W. R. Berkley Co. will post 6 EPS for the current year.

W. R. Berkley Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 13th. Shareholders of record on Monday, March 4th were issued a $0.11 dividend. The ex-dividend date of this dividend was Friday, March 1st. This represents a $0.44 dividend on an annualized basis and a yield of 0.50%. W. R. Berkley’s dividend payout ratio (DPR) is 8.70%.

W. R. Berkley Company Profile

(Free Report)

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.

See Also

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

Receive News & Ratings for W. R. Berkley Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for W. R. Berkley and related companies with MarketBeat.com's FREE daily email newsletter.