Signaturefd LLC Has $248,000 Holdings in W. R. Berkley Co. (NYSE:WRB)

Signaturefd LLC grew its holdings in W. R. Berkley Co. (NYSE:WRB) by 5.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,511 shares of the insurance provider’s stock after buying an additional 175 shares during the period. Signaturefd LLC’s holdings in W. R. Berkley were worth $248,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Exchange Traded Concepts LLC boosted its position in W. R. Berkley by 4.9% during the third quarter. Exchange Traded Concepts LLC now owns 9,680 shares of the insurance provider’s stock worth $615,000 after purchasing an additional 456 shares during the period. Czech National Bank boosted its holdings in shares of W. R. Berkley by 49.6% during the 3rd quarter. Czech National Bank now owns 35,557 shares of the insurance provider’s stock worth $2,258,000 after buying an additional 11,786 shares during the period. Handelsbanken Fonder AB grew its stake in W. R. Berkley by 16.8% in the 3rd quarter. Handelsbanken Fonder AB now owns 47,655 shares of the insurance provider’s stock valued at $3,026,000 after buying an additional 6,865 shares during the last quarter. Simplicity Solutions LLC raised its holdings in W. R. Berkley by 2.3% in the 3rd quarter. Simplicity Solutions LLC now owns 17,096 shares of the insurance provider’s stock valued at $1,085,000 after acquiring an additional 386 shares during the period. Finally, Avestar Capital LLC lifted its position in W. R. Berkley by 27.2% during the third quarter. Avestar Capital LLC now owns 5,109 shares of the insurance provider’s stock worth $327,000 after acquiring an additional 1,094 shares during the last quarter. 68.82% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

WRB has been the subject of several recent research reports. BMO Capital Markets reduced their price target on W. R. Berkley from $93.00 to $87.00 and set a “market perform” rating for the company in a research note on Wednesday. Royal Bank of Canada decreased their price target on shares of W. R. Berkley from $88.00 to $86.00 and set a “sector perform” rating on the stock in a research note on Wednesday. Truist Financial dropped their price objective on shares of W. R. Berkley from $95.00 to $93.00 and set a “buy” rating for the company in a research note on Wednesday. Wells Fargo & Company lowered their target price on shares of W. R. Berkley from $99.00 to $94.00 and set an “overweight” rating on the stock in a report on Wednesday. Finally, The Goldman Sachs Group boosted their price target on W. R. Berkley from $86.00 to $95.00 and gave the company a “buy” rating in a research note on Friday, April 12th. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, W. R. Berkley has a consensus rating of “Moderate Buy” and a consensus price target of $90.63.

W. R. Berkley Stock Performance

Shares of NYSE:WRB opened at $76.65 on Friday. W. R. Berkley Co. has a 1 year low of $55.50 and a 1 year high of $89.18. The stock has a market capitalization of $19.66 billion, a price-to-earnings ratio of 13.59, a price-to-earnings-growth ratio of 1.47 and a beta of 0.57. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.37 and a quick ratio of 0.37. The company’s 50 day simple moving average is $84.26 and its 200 day simple moving average is $76.31.

W. R. Berkley (NYSE:WRB) last issued its quarterly earnings results on Tuesday, April 23rd. The insurance provider reported $1.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.46 by $0.10. W. R. Berkley had a return on equity of 21.01% and a net margin of 12.23%. The company had revenue of $2.76 billion for the quarter, compared to analyst estimates of $2.77 billion. During the same quarter last year, the company posted $1.00 EPS. The company’s revenue for the quarter was up 11.0% compared to the same quarter last year. As a group, research analysts predict that W. R. Berkley Co. will post 5.89 EPS for the current fiscal year.

W. R. Berkley Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 13th. Stockholders of record on Monday, March 4th were issued a $0.11 dividend. The ex-dividend date was Friday, March 1st. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.57%. W. R. Berkley’s dividend payout ratio (DPR) is currently 7.80%.

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.