YHB Investment Advisors Inc. Has $643,000 Stock Holdings in W. R. Berkley Co. (NYSE:WRB)

YHB Investment Advisors Inc. raised its position in shares of W. R. Berkley Co. (NYSE:WRB) by 6.0% in the 3rd quarter, Holdings Channel reports. The firm owned 11,336 shares of the insurance provider’s stock after acquiring an additional 643 shares during the period. YHB Investment Advisors Inc.’s holdings in W. R. Berkley were worth $643,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. International Assets Investment Management LLC bought a new stake in shares of W. R. Berkley during the 3rd quarter worth $88,940,000. Wallington Asset Management LLC raised its stake in W. R. Berkley by 54.3% during the third quarter. Wallington Asset Management LLC now owns 398,926 shares of the insurance provider’s stock worth $22,631,000 after acquiring an additional 140,365 shares in the last quarter. Iron Horse Wealth Management LLC lifted its holdings in shares of W. R. Berkley by 50.0% in the third quarter. Iron Horse Wealth Management LLC now owns 3,327 shares of the insurance provider’s stock worth $189,000 after acquiring an additional 1,109 shares during the last quarter. Hartford Investment Management Co. boosted its stake in shares of W. R. Berkley by 48.3% in the 3rd quarter. Hartford Investment Management Co. now owns 19,364 shares of the insurance provider’s stock valued at $1,099,000 after purchasing an additional 6,303 shares in the last quarter. Finally, Greenleaf Trust grew its holdings in shares of W. R. Berkley by 50.2% during the 3rd quarter. Greenleaf Trust now owns 7,578 shares of the insurance provider’s stock valued at $430,000 after purchasing an additional 2,533 shares during the last quarter. 68.82% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

WRB has been the subject of several research reports. UBS Group increased their price objective on shares of W. R. Berkley from $67.00 to $69.00 and gave the company a “buy” rating in a research note on Tuesday. StockNews.com downgraded W. R. Berkley from a “buy” rating to a “hold” rating in a report on Thursday, October 3rd. Royal Bank of Canada upped their target price on W. R. Berkley from $57.00 to $63.00 and gave the stock a “sector perform” rating in a report on Tuesday. Truist Financial lifted their price target on W. R. Berkley from $64.00 to $68.00 and gave the company a “buy” rating in a research note on Thursday, October 17th. Finally, Evercore ISI upped their price objective on W. R. Berkley from $57.00 to $60.00 and gave the company an “in-line” rating in a research note on Tuesday. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $63.08.

W. R. Berkley Trading Up 0.3 %

WRB opened at $59.32 on Friday. The stock has a market cap of $22.75 billion, a PE ratio of 15.78, a price-to-earnings-growth ratio of 1.07 and a beta of 0.62. The company has a quick ratio of 0.38, a current ratio of 0.38 and a debt-to-equity ratio of 0.36. W. R. Berkley Co. has a twelve month low of $43.20 and a twelve month high of $61.96. The company has a fifty day moving average of $58.35 and a 200-day moving average of $55.60.

W. R. Berkley (NYSE:WRB) last issued its quarterly earnings results on Monday, October 21st. The insurance provider reported $0.93 earnings per share for the quarter, topping analysts’ consensus estimates of $0.92 by $0.01. W. R. Berkley had a return on equity of 21.34% and a net margin of 12.05%. The firm had revenue of $2.93 billion during the quarter, compared to the consensus estimate of $2.93 billion. During the same period last year, the business posted $0.90 EPS. The business’s revenue was up 10.8% compared to the same quarter last year. On average, sell-side analysts predict that W. R. Berkley Co. will post 4.02 EPS for the current year.

W. R. Berkley Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 23rd were given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.54%. The ex-dividend date of this dividend was Monday, September 23rd. W. R. Berkley’s dividend payout ratio (DPR) is 8.51%.

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.