Toronto Dominion Bank Sells 15,962 Shares of W. R. Berkley Co. (NYSE:WRB)

Toronto Dominion Bank trimmed its position in W. R. Berkley Co. (NYSE:WRBGet Rating) by 13.6% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 101,714 shares of the insurance provider’s stock after selling 15,962 shares during the period. Toronto Dominion Bank’s holdings in W. R. Berkley were worth $6,942,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in WRB. FinTrust Capital Advisors LLC bought a new stake in W. R. Berkley in the 2nd quarter valued at about $25,000. Parkside Financial Bank & Trust increased its position in W. R. Berkley by 134.6% in the 2nd quarter. Parkside Financial Bank & Trust now owns 427 shares of the insurance provider’s stock valued at $29,000 after buying an additional 245 shares in the last quarter. Wolff Wiese Magana LLC increased its position in W. R. Berkley by 49.3% in the 1st quarter. Wolff Wiese Magana LLC now owns 448 shares of the insurance provider’s stock valued at $30,000 after buying an additional 148 shares in the last quarter. Clear Street Markets LLC increased its position in W. R. Berkley by 409.3% in the 2nd quarter. Clear Street Markets LLC now owns 438 shares of the insurance provider’s stock valued at $30,000 after buying an additional 352 shares in the last quarter. Finally, Clearstead Advisors LLC increased its position in W. R. Berkley by 826.0% in the 1st quarter. Clearstead Advisors LLC now owns 463 shares of the insurance provider’s stock valued at $31,000 after buying an additional 413 shares in the last quarter. 69.05% of the stock is owned by institutional investors.

W. R. Berkley Price Performance

Shares of NYSE WRB opened at $74.38 on Thursday. W. R. Berkley Co. has a twelve month low of $50.44 and a twelve month high of $76.06. The stock’s 50 day moving average price is $69.82 and its 200-day moving average price is $67.70. The company has a market capitalization of $19.75 billion, a PE ratio of 16.03, a PEG ratio of 1.92 and a beta of 0.64. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.45.

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

W. R. Berkley Announces Dividend

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

Analyst Upgrades and Downgrades

A number of analysts have commented on WRB shares. Argus started coverage on W. R. Berkley in a report on Wednesday, August 3rd. They set a “buy” rating and a $72.00 price objective for the company. Wells Fargo & Company boosted their price objective on W. R. Berkley from $83.00 to $85.00 and gave the stock an “overweight” rating in a report on Wednesday, October 12th. Royal Bank of Canada boosted their price objective on W. R. Berkley from $75.00 to $81.00 and gave the stock an “outperform” rating in a report on Tuesday, October 25th. Morgan Stanley boosted their price objective on W. R. Berkley from $72.00 to $75.00 and gave the stock an “equal weight” rating in a report on Tuesday. Finally, UBS Group boosted their price objective on W. R. Berkley to $84.00 in a report on Friday, November 4th. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, W. R. Berkley presently has a consensus rating of “Moderate Buy” and a consensus target price of $77.64.

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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