ASR Vermogensbeheer N.V. Has $669,000 Holdings in W.R. Berkley Corporation $WRB

ASR Vermogensbeheer N.V. lifted its holdings in W.R. Berkley Corporation (NYSE:WRB) by 6.5% in the 2nd quarter, Holdings Channel reports. The firm owned 9,102 shares of the insurance provider’s stock after buying an additional 555 shares during the quarter. ASR Vermogensbeheer N.V.’s holdings in W.R. Berkley were worth $669,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Spectrum Wealth Counsel LLC acquired a new stake in shares of W.R. Berkley in the 1st quarter valued at $29,000. Garde Capital Inc. acquired a new stake in shares of W.R. Berkley in the 1st quarter valued at $30,000. N.E.W. Advisory Services LLC acquired a new stake in shares of W.R. Berkley in the 1st quarter valued at $36,000. Keystone Global Partners LLC acquired a new stake in shares of W.R. Berkley in the 1st quarter valued at $41,000. Finally, MAI Capital Management lifted its stake in shares of W.R. Berkley by 191.1% in the 1st quarter. MAI Capital Management now owns 847 shares of the insurance provider’s stock valued at $60,000 after purchasing an additional 556 shares during the last quarter. Institutional investors and hedge funds own 68.82% of the company’s stock.

Wall Street Analysts Forecast Growth

WRB has been the subject of several analyst reports. TD Cowen lowered shares of W.R. Berkley from a “buy” rating to a “hold” rating and set a $78.00 price objective for the company. in a research note on Friday, June 27th. Wolfe Research assumed coverage on shares of W.R. Berkley in a research report on Monday, September 15th. They set a “peer perform” rating for the company. Cantor Fitzgerald raised shares of W.R. Berkley to a “strong-buy” rating in a research report on Wednesday, August 13th. Barclays boosted their target price on shares of W.R. Berkley from $62.00 to $66.00 and gave the stock an “underweight” rating in a research report on Monday, July 7th. Finally, UBS Group boosted their target price on shares of W.R. Berkley from $78.00 to $80.00 and gave the stock a “buy” rating in a research report on Wednesday, July 9th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, W.R. Berkley presently has an average rating of “Hold” and an average price target of $72.54.

W.R. Berkley Stock Up 0.9%

Shares of WRB opened at $76.87 on Friday. The company has a 50-day simple moving average of $72.18 and a 200-day simple moving average of $71.17. The firm has a market capitalization of $29.16 billion, a P/E ratio of 17.51, a P/E/G ratio of 2.66 and a beta of 0.42. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.37 and a current ratio of 0.37. W.R. Berkley Corporation has a 52 week low of $55.97 and a 52 week high of $77.31.

W.R. Berkley (NYSE:WRB) last announced its quarterly earnings data on Monday, July 21st. The insurance provider reported $1.05 EPS for the quarter, beating analysts’ consensus estimates of $1.03 by $0.02. The business had revenue of $3.10 billion during the quarter, compared to analyst estimates of $3.10 billion. W.R. Berkley had a net margin of 12.32% and a return on equity of 18.83%. During the same quarter in the prior year, the business earned $1.04 earnings per share. On average, equities research analysts expect that W.R. Berkley Corporation will post 4.33 earnings per share for the current year.

W.R. Berkley Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 22nd were paid a $0.09 dividend. The ex-dividend date of this dividend was Monday, September 22nd. This represents a $0.36 dividend on an annualized basis and a yield of 0.5%. W.R. Berkley’s payout ratio is presently 8.20%.

W.R. Berkley 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.