Teacher Retirement System of Texas Sells 100,274 Shares of W.R. Berkley Corporation $WRB

Teacher Retirement System of Texas cut its holdings in shares of W.R. Berkley Corporation (NYSE:WRB) by 22.4% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 347,963 shares of the insurance provider’s stock after selling 100,274 shares during the period. Teacher Retirement System of Texas’ holdings in W.R. Berkley were worth $25,565,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of WRB. Brighton Jones LLC lifted its holdings in shares of W.R. Berkley by 75.6% in the fourth quarter. Brighton Jones LLC now owns 50,503 shares of the insurance provider’s stock valued at $2,955,000 after purchasing an additional 21,737 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of W.R. Berkley by 23.8% in the first quarter. GAMMA Investing LLC now owns 9,442 shares of the insurance provider’s stock valued at $672,000 after purchasing an additional 1,815 shares in the last quarter. Oppenheimer & Co. Inc. lifted its holdings in shares of W.R. Berkley by 4.2% in the first quarter. Oppenheimer & Co. Inc. now owns 4,842 shares of the insurance provider’s stock valued at $345,000 after purchasing an additional 194 shares in the last quarter. Robeco Institutional Asset Management B.V. lifted its holdings in shares of W.R. Berkley by 22.5% in the first quarter. Robeco Institutional Asset Management B.V. now owns 76,635 shares of the insurance provider’s stock valued at $5,453,000 after purchasing an additional 14,089 shares in the last quarter. Finally, Creative Financial Designs Inc. ADV lifted its holdings in shares of W.R. Berkley by 24.6% in the first quarter. Creative Financial Designs Inc. ADV now owns 1,104 shares of the insurance provider’s stock valued at $79,000 after purchasing an additional 218 shares in the last quarter. 68.82% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on WRB shares. Truist Financial set a $84.00 price target on W.R. Berkley and gave the company a “buy” rating in a report on Tuesday, October 21st. UBS Group set a $87.00 target price on W.R. Berkley and gave the stock a “buy” rating in a report on Wednesday, October 8th. Wolfe Research assumed coverage on W.R. Berkley in a report on Monday, September 15th. They set a “peer perform” rating on the stock. Barclays reiterated an “underweight” rating and set a $73.00 target price on shares of W.R. Berkley in a report on Wednesday, October 8th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of W.R. Berkley in a report on Wednesday, October 8th. Four investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, W.R. Berkley has an average rating of “Hold” and a consensus target price of $74.46.

W.R. Berkley Price Performance

Shares of NYSE WRB opened at $75.19 on Tuesday. The business’s 50 day moving average price is $74.11 and its two-hundred day moving average price is $72.24. The company has a market cap of $28.52 billion, a PE ratio of 15.80, a price-to-earnings-growth ratio of 2.88 and a beta of 0.42. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.31. W.R. Berkley Corporation has a twelve month low of $55.97 and a twelve month high of $78.48.

W.R. Berkley (NYSE:WRB) last announced its quarterly earnings results on Monday, October 20th. The insurance provider reported $1.10 earnings per share for the quarter, topping analysts’ consensus estimates of $1.07 by $0.03. The firm had revenue of $3.16 billion for the quarter, compared to the consensus estimate of $3.16 billion. W.R. Berkley had a return on equity of 19.35% and a net margin of 13.01%.The business’s revenue was up 10.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.93 earnings per share. On average, analysts predict that W.R. Berkley Corporation will post 4.33 EPS for the current year.

W.R. Berkley Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 22nd were given a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend was Monday, September 22nd. W.R. Berkley’s payout ratio is 7.56%.

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.