Yousif Capital Management LLC Sells 13,506 Shares of W. R. Berkley Co. (NYSE:WRB)

Yousif Capital Management LLC reduced its position in shares of W. R. Berkley Co. (NYSE:WRB) by 32.5% in the fourth quarter, Holdings Channel reports. The firm owned 28,043 shares of the insurance provider’s stock after selling 13,506 shares during the quarter. Yousif Capital Management LLC’s holdings in W. R. Berkley were worth $1,983,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of WRB. Commonwealth Equity Services LLC increased its stake in W. R. Berkley by 11.5% during the 3rd quarter. Commonwealth Equity Services LLC now owns 71,616 shares of the insurance provider’s stock valued at $4,547,000 after purchasing an additional 7,378 shares in the last quarter. Xponance Inc. boosted its holdings in shares of W. R. Berkley by 2.1% during the 3rd quarter. Xponance Inc. now owns 27,577 shares of the insurance provider’s stock valued at $1,751,000 after acquiring an additional 560 shares during the last quarter. Tectonic Advisors LLC purchased a new stake in shares of W. R. Berkley during the 3rd quarter valued at about $313,000. Raymond James & Associates boosted its holdings in shares of W. R. Berkley by 9.2% during the 3rd quarter. Raymond James & Associates now owns 769,023 shares of the insurance provider’s stock valued at $48,825,000 after acquiring an additional 64,994 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. boosted its holdings in shares of W. R. Berkley by 6.5% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 54,917 shares of the insurance provider’s stock valued at $3,487,000 after acquiring an additional 3,345 shares during the last quarter. 68.82% of the stock is currently owned by institutional investors.

W. R. Berkley Stock Performance

WRB opened at $77.78 on Thursday. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.38. W. R. Berkley Co. has a 12-month low of $55.50 and a 12-month high of $89.18. The company has a market cap of $19.95 billion, a price-to-earnings ratio of 13.79, a PEG ratio of 1.46 and a beta of 0.57. The company’s 50 day moving average is $83.94 and its 200 day moving average is $76.69.

W. R. Berkley (NYSE:WRB) last issued its quarterly earnings results on Tuesday, April 23rd. The insurance provider reported $1.56 earnings per share for the quarter, beating the consensus estimate of $1.46 by $0.10. W. R. Berkley had a net margin of 12.23% and a return on equity of 21.01%. The business had revenue of $2.76 billion for the quarter, compared to the consensus estimate of $2.77 billion. During the same quarter in the previous year, the firm earned $1.00 earnings per share. The company’s revenue for the quarter was up 11.0% on a year-over-year basis. On average, equities research analysts predict that W. R. Berkley Co. will post 5.87 EPS for the current year.

W. R. Berkley Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 13th. Shareholders of record on Monday, March 4th were issued a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 0.57%. The ex-dividend date was Friday, March 1st. W. R. Berkley’s dividend payout ratio is currently 7.80%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on WRB shares. BMO Capital Markets dropped their price target on shares of W. R. Berkley from $93.00 to $87.00 and set a “market perform” rating on the stock in a report on Wednesday, April 24th. Evercore ISI raised their price target on shares of W. R. Berkley from $83.00 to $89.00 and gave the company an “in-line” rating in a report on Thursday, April 11th. Keefe, Bruyette & Woods raised their price target on shares of W. R. Berkley from $85.00 to $88.00 and gave the company a “market perform” rating in a report on Wednesday, April 10th. Truist Financial dropped their price objective on shares of W. R. Berkley from $95.00 to $93.00 and set a “buy” rating on the stock in a report on Wednesday, April 24th. Finally, The Goldman Sachs Group raised their price objective on shares of W. R. Berkley from $86.00 to $95.00 and gave the stock a “buy” rating in a report on Friday, April 12th. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, W. R. Berkley has a consensus rating of “Moderate Buy” and an average target price of $90.63.

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.