Rhumbline Advisers Has $27.86 Million Stock Holdings in W. R. Berkley Co. (NYSE:WRB)

Rhumbline Advisers raised its holdings in W. R. Berkley Co. (NYSE:WRBGet Rating) by 16.4% in the second quarter, Holdings Channel.com reports. The fund owned 408,186 shares of the insurance provider’s stock after acquiring an additional 57,478 shares during the quarter. Rhumbline Advisers’ holdings in W. R. Berkley were worth $27,863,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. FinTrust Capital Advisors LLC acquired a new stake in W. R. Berkley in the second quarter valued at approximately $25,000. Parkside Financial Bank & Trust lifted its stake in shares of W. R. Berkley by 134.6% in the second quarter. Parkside Financial Bank & Trust now owns 427 shares of the insurance provider’s stock worth $29,000 after buying an additional 245 shares during the last quarter. Clear Street Markets LLC lifted its stake in shares of W. R. Berkley by 409.3% in the second quarter. Clear Street Markets LLC now owns 438 shares of the insurance provider’s stock worth $30,000 after buying an additional 352 shares during the last quarter. Wolff Wiese Magana LLC lifted its stake in shares of W. R. Berkley by 49.3% in the first quarter. Wolff Wiese Magana LLC now owns 448 shares of the insurance provider’s stock worth $30,000 after buying an additional 148 shares during the last quarter. Finally, Clearstead Advisors LLC lifted its stake in shares of W. R. Berkley by 826.0% in the first quarter. Clearstead Advisors LLC now owns 463 shares of the insurance provider’s stock worth $31,000 after buying an additional 413 shares during the last quarter. 69.05% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently weighed in on WRB shares. Argus started coverage on shares of W. R. Berkley in a research note on Wednesday, August 3rd. They issued a “buy” rating and a $72.00 price objective for the company. Keefe, Bruyette & Woods upgraded shares of W. R. Berkley from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from $77.00 to $80.00 in a research note on Monday, September 5th. Morgan Stanley boosted their price objective on shares of W. R. Berkley from $72.00 to $75.00 and gave the stock an “equal weight” rating in a research note on Tuesday. StockNews.com lowered shares of W. R. Berkley from a “buy” rating to a “hold” rating in a research report on Saturday, November 19th. Finally, Janney Montgomery Scott started coverage on shares of W. R. Berkley in a research report on Friday, November 11th. They set a “buy” rating and a $88.00 target price on the stock. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $77.64.

W. R. Berkley Trading Up 0.3 %

Shares of W. R. Berkley stock opened at $74.38 on Thursday. The firm has a market capitalization of $19.75 billion, a PE ratio of 16.03, a price-to-earnings-growth ratio of 1.92 and a beta of 0.64. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.37 and a quick ratio of 0.37. The company’s fifty day moving average price is $69.82 and its two-hundred day moving average price is $67.70. W. R. Berkley Co. has a 52-week low of $50.44 and a 52-week high of $76.06.

W. R. Berkley (NYSE:WRBGet Rating) last issued its quarterly earnings results on Monday, October 24th. The insurance provider reported $1.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.16. The business had revenue of $2.44 billion for the quarter, compared to the consensus estimate of $2.44 billion. W. R. Berkley had a net margin of 12.05% and a return on equity of 17.98%. The firm’s quarterly revenue was up 17.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.88 EPS. On average, analysts expect that W. R. Berkley Co. will post 4.29 EPS for the current year.

W. R. Berkley Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, October 3rd. Investors of record on Monday, September 26th were given a dividend of $0.10 per share. The ex-dividend date was Friday, September 23rd. This represents a $0.40 annualized dividend and a yield of 0.54%. W. R. Berkley’s dividend payout ratio (DPR) is 8.62%.

W. R. Berkley Company Profile

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W. R. Berkley Corporation, an insurance holding company, operates as a commercial lines writer in the United States and internationally. It operates in two segments, Insurance and Reinsurance & Monoline Excess. The Insurance segment underwrites commercial insurance business, including premises operations, commercial automobile, property, products liability, and general and professional liability lines.

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Institutional Ownership by Quarter for W. R. Berkley (NYSE:WRB)

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