RWA Wealth Partners LLC Acquires 1,118 Shares of W.R. Berkley Corporation $WRB

RWA Wealth Partners LLC raised its stake in shares of W.R. Berkley Corporation (NYSE:WRB) by 18.2% during the 2nd quarter, Holdings Channel reports. The fund owned 7,260 shares of the insurance provider’s stock after purchasing an additional 1,118 shares during the period. RWA Wealth Partners LLC’s holdings in W.R. Berkley were worth $533,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the stock. Hilltop National Bank bought a new stake in W.R. Berkley during the second quarter valued at about $27,000. Spectrum Wealth Counsel LLC bought a new position in W.R. Berkley in the first quarter worth about $29,000. N.E.W. Advisory Services LLC purchased a new stake in shares of W.R. Berkley during the first quarter valued at about $36,000. Keystone Global Partners LLC bought a new stake in shares of W.R. Berkley in the 1st quarter valued at about $41,000. Finally, Whipplewood Advisors LLC grew its position in shares of W.R. Berkley by 148.4% in the 2nd quarter. Whipplewood Advisors LLC now owns 616 shares of the insurance provider’s stock worth $45,000 after buying an additional 368 shares during the last quarter. 68.82% of the stock is owned by institutional investors.

W.R. Berkley Price Performance

NYSE WRB opened at $75.71 on Tuesday. The company has a market cap of $28.77 billion, a price-to-earnings ratio of 15.91, a PEG ratio of 2.73 and a beta of 0.40. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.37 and a quick ratio of 0.37. The stock’s fifty day moving average price is $74.42 and its 200 day moving average price is $72.55. W.R. Berkley Corporation has a 1 year low of $55.97 and a 1 year high of $78.48.

W.R. Berkley (NYSE:WRB) last issued its quarterly earnings results on Monday, October 20th. The insurance provider reported $1.10 EPS for the quarter, topping analysts’ consensus estimates of $1.07 by $0.03. The company had revenue of $3.16 billion during the quarter, compared to analysts’ expectations of $3.16 billion. W.R. Berkley had a return on equity of 19.35% and a net margin of 13.01%.The firm’s revenue was up 10.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.93 EPS. As a group, equities research analysts forecast 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 declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 22nd were issued a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 0.5%. The ex-dividend date was Monday, September 22nd. W.R. Berkley’s dividend payout ratio is 7.56%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. UBS Group reissued a “neutral” rating and set a $87.00 target price on shares of W.R. Berkley in a research report on Friday. Truist Financial set a $84.00 price target on W.R. Berkley and gave the stock a “buy” rating in a research report on Tuesday, October 21st. Jefferies Financial Group lowered their price objective on W.R. Berkley from $76.00 to $75.00 and set a “hold” rating for the company in a research report on Tuesday, October 21st. Weiss Ratings restated a “buy (b)” rating on shares of W.R. Berkley in a research note on Wednesday, October 8th. Finally, Cantor Fitzgerald set a $78.00 price target on W.R. Berkley in a research note on Monday, October 27th. Three analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $74.46.

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.