Mutual of America Capital Management LLC Has $1.93 Million Stock Holdings in W. R. Berkley Co. (NYSE:WRB)

Mutual of America Capital Management LLC trimmed its holdings in shares of W. R. Berkley Co. (NYSE:WRB) by 4.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 27,264 shares of the insurance provider’s stock after selling 1,209 shares during the period. Mutual of America Capital Management LLC’s holdings in W. R. Berkley were worth $1,928,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Bruce G. Allen Investments LLC acquired a new position in shares of W. R. Berkley during the 4th quarter worth about $25,000. Clear Street Markets LLC raised its holdings in shares of W. R. Berkley by 92.3% in the 1st 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 period. Parkside Financial Bank & Trust raised its holdings in shares of W. R. Berkley by 106.1% in the 3rd quarter. Parkside Financial Bank & Trust now owns 406 shares of the insurance provider’s stock valued at $26,000 after purchasing an additional 209 shares during the period. Raleigh Capital Management Inc. raised 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 valued at $26,000 after purchasing an additional 236 shares during the period. Finally, VisionPoint Advisory Group LLC bought a new stake in shares of W. R. Berkley in the 3rd quarter valued at about $27,000. 68.82% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on WRB. The Goldman Sachs Group upped their target price on shares of W. R. Berkley from $86.00 to $95.00 and gave the company a “buy” rating in a report on Friday, April 12th. BMO Capital Markets raised their price objective 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. Evercore ISI raised their price objective on shares of W. R. Berkley from $83.00 to $89.00 and gave the stock an “in-line” rating in a research report on Thursday, April 11th. Truist Financial raised their price objective on shares of W. R. Berkley from $83.00 to $95.00 and gave the stock a “buy” rating in a research report on Thursday, January 25th. Finally, 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 research report on Tuesday, January 30th. Five analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, W. R. Berkley presently has an average rating of “Moderate Buy” and an average price target of $89.22.

W. R. Berkley Stock Up 1.8 %

NYSE WRB opened at $82.40 on Friday. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.38. W. R. Berkley Co. has a 1-year low of $55.50 and a 1-year high of $89.18. The company has a 50 day moving average of $84.53 and a 200-day moving average of $75.87. The company has a market cap of $21.14 billion, a price-to-earnings ratio of 16.28, a PEG ratio of 1.51 and a beta of 0.57.

W. R. Berkley (NYSE:WRB) last released its quarterly earnings results on Wednesday, January 24th. The insurance provider reported $1.45 earnings per share for the quarter, beating analysts’ consensus estimates of $1.35 by $0.10. The company had revenue of $3.22 billion during the quarter, compared to the consensus estimate of $2.70 billion. W. R. Berkley had a net margin of 11.38% and a return on equity of 19.03%. The firm’s quarterly revenue was up 6.9% on a year-over-year basis. During the same period in the previous year, the business earned $1.16 earnings per share. On average, equities research analysts expect that W. R. Berkley Co. will post 5.94 earnings per share for the current fiscal year.

W. R. Berkley Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 13th. Investors of record on Monday, March 4th were paid a $0.11 dividend. The ex-dividend date was Friday, March 1st. This represents a $0.44 dividend on an annualized basis and a yield of 0.53%. W. R. Berkley’s dividend payout ratio (DPR) is 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.