W. R. Berkley Corp (NYSE:WRB) shares hit a new 52-week high and low on Tuesday . The stock traded as low as $74.78 and last traded at $74.42, with a volume of 207209 shares. The stock had previously closed at $74.34.
WRB has been the topic of several recent research reports. Zacks Investment Research cut W. R. Berkley from a “hold” rating to a “sell” rating in a report on Saturday, April 7th. Royal Bank of Canada restated a “hold” rating on shares of W. R. Berkley in a report on Wednesday, January 31st. Finally, Boenning Scattergood restated a “hold” rating on shares of W. R. Berkley in a report on Wednesday, January 31st. Three research analysts have rated the stock with a sell rating and seven have issued a hold rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $70.38.
The firm has a market cap of $8,881.07, a P/E ratio of 30.20, a P/E/G ratio of 2.28 and a beta of 0.78. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.36 and a quick ratio of 0.36.
W. R. Berkley (NYSE:WRB) last released its quarterly earnings data on Tuesday, January 30th. The insurance provider reported $0.76 EPS for the quarter, beating analysts’ consensus estimates of $0.73 by $0.03. W. R. Berkley had a return on equity of 5.89% and a net margin of 7.15%. The firm had revenue of $1.77 billion for the quarter, compared to analysts’ expectations of $1.75 billion. research analysts expect that W. R. Berkley Corp will post 3.56 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 2nd. Investors of record on Wednesday, March 14th were issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 0.75%. The ex-dividend date was Tuesday, March 13th. W. R. Berkley’s dividend payout ratio is presently 22.76%.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Atlanta Capital Management Co. L L C lifted its holdings in W. R. Berkley by 10.9% in the fourth quarter. Atlanta Capital Management Co. L L C now owns 4,714,944 shares of the insurance provider’s stock valued at $337,825,000 after acquiring an additional 462,217 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in W. R. Berkley by 24.0% in the fourth quarter. Victory Capital Management Inc. now owns 3,544,591 shares of the insurance provider’s stock valued at $253,969,000 after acquiring an additional 685,045 shares during the last quarter. Boston Partners lifted its holdings in W. R. Berkley by 2.5% in the fourth quarter. Boston Partners now owns 3,437,715 shares of the insurance provider’s stock valued at $246,312,000 after acquiring an additional 85,307 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in W. R. Berkley by 3.1% in the third quarter. Dimensional Fund Advisors LP now owns 1,663,027 shares of the insurance provider’s stock valued at $110,990,000 after acquiring an additional 50,350 shares during the last quarter. Finally, Geode Capital Management LLC lifted its holdings in W. R. Berkley by 0.4% in the fourth quarter. Geode Capital Management LLC now owns 870,317 shares of the insurance provider’s stock valued at $62,322,000 after acquiring an additional 3,532 shares during the last quarter. Hedge funds and other institutional investors own 72.06% of the company’s stock.
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About W. R. Berkley
W. R. Berkley Corporation is an insurance holding company. It operates through two segments: Insurance and Reinsurance-Global. The Insurance segment consists of its commercial insurance business operations, comprising excess and surplus lines, and admitted lines, throughout the United States, as well as its insurance business operations in the United Kingdom, Continental Europe, South America, Canada, Mexico, Scandinavia, Asia and Australia.
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