MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Acquires 39,112 Shares of W. R. Berkley Co. (NYSE:WRB)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in W. R. Berkley Co. (NYSE:WRB) by 105.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 76,036 shares of the insurance provider’s stock after acquiring an additional 39,112 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.’s holdings in W. R. Berkley were worth $4,450,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of WRB. Optiver Holding B.V. lifted its position in shares of W. R. Berkley by 107.3% during the 4th quarter. Optiver Holding B.V. now owns 427 shares of the insurance provider’s stock worth $25,000 after buying an additional 221 shares in the last quarter. Whipplewood Advisors LLC bought a new position in shares of W. R. Berkley during the 4th quarter worth approximately $35,000. Catalyst Capital Advisors LLC bought a new position in shares of W. R. Berkley during the 4th quarter worth approximately $42,000. Colonial Trust Co SC lifted its position in shares of W. R. Berkley by 79.9% during the 4th quarter. Colonial Trust Co SC now owns 822 shares of the insurance provider’s stock worth $48,000 after buying an additional 365 shares in the last quarter. Finally, Crowley Wealth Management Inc. bought a new position in shares of W. R. Berkley during the 4th quarter worth approximately $59,000. Institutional investors own 68.82% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. StockNews.com raised shares of W. R. Berkley from a “hold” rating to a “buy” rating in a research report on Tuesday, May 13th. Truist Financial raised their price target on shares of W. R. Berkley from $68.00 to $80.00 and gave the stock a “buy” rating in a research note on Thursday, April 3rd. Barclays raised their price target on shares of W. R. Berkley from $52.00 to $62.00 and gave the stock an “underweight” rating in a research note on Friday, April 11th. UBS Group raised their price target on shares of W. R. Berkley from $73.00 to $78.00 and gave the stock a “buy” rating in a research note on Monday, April 28th. Finally, Keefe, Bruyette & Woods raised their price target on shares of W. R. Berkley from $62.00 to $65.00 and gave the stock a “market perform” rating in a research note on Tuesday, April 22nd. One analyst has rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $68.39.

W. R. Berkley Stock Up 0.8%

W. R. Berkley stock opened at $73.29 on Monday. W. R. Berkley Co. has a 1-year low of $51.17 and a 1-year high of $76.38. The firm has a market capitalization of $27.80 billion, a price-to-earnings ratio of 16.80, a P/E/G ratio of 1.56 and a beta of 0.44. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 0.34. The firm has a 50 day simple moving average of $68.49 and a 200 day simple moving average of $63.23.

W. R. Berkley (NYSE:WRB) last released its quarterly earnings data on Monday, April 21st. The insurance provider reported $1.01 earnings per share for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.07). W. R. Berkley had a net margin of 12.88% and a return on equity of 20.83%. The business had revenue of $3.01 billion during the quarter, compared to analysts’ expectations of $3.01 billion. On average, analysts predict that W. R. Berkley Co. will post 4.33 earnings per share for the current year.

W. R. Berkley Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Monday, March 3rd were paid a $0.08 dividend. The ex-dividend date was Monday, March 3rd. This represents a $0.32 dividend on an annualized basis and a yield of 0.44%. W. R. Berkley’s dividend payout ratio is 7.42%.

About W. R. Berkley

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.