Whipplewood Advisors LLC Purchases 368 Shares of W.R. Berkley Corporation $WRB

Whipplewood Advisors LLC raised its position in W.R. Berkley Corporation (NYSE:WRB) by 148.4% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 616 shares of the insurance provider’s stock after acquiring an additional 368 shares during the period. Whipplewood Advisors LLC’s holdings in W.R. Berkley were worth $45,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of WRB. Hilltop National Bank bought a new stake in W.R. Berkley in the 2nd quarter valued at approximately $27,000. Spectrum Wealth Counsel LLC bought a new stake in shares of W.R. Berkley during the 1st quarter worth approximately $29,000. N.E.W. Advisory Services LLC bought a new stake in shares of W.R. Berkley during the 1st quarter worth approximately $36,000. Keystone Global Partners LLC bought a new stake in shares of W.R. Berkley during the 1st quarter worth approximately $41,000. Finally, REAP Financial Group LLC raised its stake in shares of W.R. Berkley by 148.2% during the 2nd quarter. REAP Financial Group LLC now owns 633 shares of the insurance provider’s stock worth $46,000 after purchasing an additional 378 shares in the last quarter. Institutional investors own 68.82% of the company’s stock.

W.R. Berkley Stock Up 0.2%

WRB stock opened at $75.19 on Tuesday. 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 has a market capitalization of $28.52 billion, a price-to-earnings ratio of 15.80, a PEG ratio of 2.88 and a beta of 0.42. The business’s fifty day moving average price is $74.11 and its two-hundred day moving average price is $72.24. W.R. Berkley Corporation has a fifty-two week low of $55.97 and a fifty-two week high of $78.48.

W.R. Berkley (NYSE:WRB) last posted its quarterly earnings data on Monday, October 20th. The insurance provider reported $1.10 earnings per share for the quarter, topping the consensus estimate of $1.07 by $0.03. The firm had revenue of $3.16 billion for 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 company’s quarterly revenue was up 10.8% compared to the same quarter last year. During the same quarter last year, the business earned $0.93 EPS. On average, equities analysts anticipate that W.R. Berkley Corporation will post 4.33 earnings per share for the current year.

W.R. Berkley Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on WRB shares. UBS Group set a $87.00 price target on W.R. Berkley and gave the company a “buy” rating in a research note on Wednesday, October 8th. Cantor Fitzgerald set a $78.00 price objective on shares of W.R. Berkley in a research report on Monday. Barclays reaffirmed an “underweight” rating and set a $73.00 price objective on shares of W.R. Berkley in a research report on Wednesday, October 8th. Jefferies Financial Group reduced their price objective on shares of 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. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of W.R. Berkley in a research report on Wednesday, October 8th. Four equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $74.46.

About W.R. Berkley

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.