Strs Ohio Buys 1,188 Shares of W. R. Berkley Co. (NYSE:WRB)

Strs Ohio raised its position in shares of W. R. Berkley Co. (NYSE:WRB) by 4.5% in the 4th quarter, Holdings Channel.com reports. The firm owned 27,817 shares of the insurance provider’s stock after acquiring an additional 1,188 shares during the quarter. Strs Ohio’s holdings in W. R. Berkley were worth $1,967,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. Bruce G. Allen Investments LLC bought a new position in shares of W. R. Berkley during the 4th quarter worth $25,000. Clear Street Markets LLC lifted its holdings 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 purchasing an additional 191 shares during the last quarter. Parkside Financial Bank & Trust boosted its position in 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 purchasing an additional 209 shares during the period. Raleigh Capital Management Inc. increased its stake in shares of W. R. Berkley by 132.6% in the third quarter. Raleigh Capital Management Inc. now owns 414 shares of the insurance provider’s stock worth $26,000 after purchasing an additional 236 shares in the last quarter. Finally, VisionPoint Advisory Group LLC bought a new stake in shares of W. R. Berkley in the third quarter valued at approximately $27,000. 68.82% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

WRB has been the subject of several analyst reports. UBS Group raised their price objective 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. Keefe, Bruyette & Woods lifted their price target on W. R. Berkley from $85.00 to $88.00 and gave the company a “market perform” rating in a research report on Wednesday, April 10th. Truist Financial increased their price objective on W. R. Berkley from $83.00 to $95.00 and gave the stock a “buy” rating in a report on Thursday, January 25th. Royal Bank of Canada lifted 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. Finally, Wells Fargo & Company increased their price target on shares of W. R. Berkley from $92.00 to $99.00 and gave the stock an “overweight” rating in a report on Thursday, April 11th. Five research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $89.22.

W. R. Berkley Stock Performance

NYSE:WRB opened at $82.40 on Friday. The stock has a market cap of $21.14 billion, a P/E ratio of 16.28, a PEG ratio of 1.51 and a beta of 0.57. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.38. The business’s 50-day moving average price is $84.53 and its two-hundred day moving average price is $75.78. W. R. Berkley Co. has a twelve month low of $55.50 and a twelve month high of $89.18.

W. R. Berkley (NYSE:WRB) last posted its quarterly earnings data on Wednesday, January 24th. The insurance provider reported $1.45 earnings per share for the quarter, topping the consensus estimate of $1.35 by $0.10. W. R. Berkley had a net margin of 11.38% and a return on equity of 19.03%. The company had revenue of $3.22 billion for the quarter, compared to analysts’ expectations of $2.70 billion. During the same period in the prior year, the business earned $1.16 earnings per share. W. R. Berkley’s revenue for the quarter was up 6.9% compared to the same quarter last year. As a group, equities analysts predict that W. R. Berkley Co. will post 5.94 EPS for the current fiscal year.

W. R. Berkley Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 13th. Stockholders of record on Monday, March 4th were issued a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.53%. The ex-dividend date of this dividend was Friday, March 1st. W. R. Berkley’s dividend payout ratio is currently 8.70%.

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.