Princeton Global Asset Management LLC Acquires New Stake in W. R. Berkley Corp (WRB)

Princeton Global Asset Management LLC purchased a new position in shares of W. R. Berkley Corp (NYSE:WRB) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,450 shares of the insurance provider’s stock, valued at approximately $181,000.

A number of other large investors have also modified their holdings of WRB. We Are One Seven LLC acquired a new position in shares of W. R. Berkley during the fourth quarter worth about $52,000. Clarfeld Financial Advisors LLC acquired a new position in shares of W. R. Berkley during the fourth quarter worth about $64,000. Rehmann Capital Advisory Group grew its position in shares of W. R. Berkley by 64.6% during the fourth quarter. Rehmann Capital Advisory Group now owns 950 shares of the insurance provider’s stock worth $70,000 after buying an additional 373 shares in the last quarter. Quantamental Technologies LLC acquired a new position in shares of W. R. Berkley during the fourth quarter worth about $83,000. Finally, Berman Capital Advisors LLC acquired a new position in shares of W. R. Berkley during the fourth quarter worth about $135,000. Institutional investors own 72.63% of the company’s stock.

WRB has been the subject of a number of analyst reports. Morgan Stanley lowered their price objective on W. R. Berkley from $49.33 to $48.67 and set an “equal weight” rating for the company in a research report on Thursday, January 3rd. Zacks Investment Research raised W. R. Berkley from a “sell” rating to a “hold” rating in a report on Monday, January 28th. ValuEngine downgraded W. R. Berkley from a “buy” rating to a “hold” rating in a report on Thursday, April 4th. Finally, Credit Suisse Group raised W. R. Berkley from a “neutral” rating to an “outperform” rating and upped their price target for the company from $51.67 to $58.67 in a report on Wednesday, February 27th. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $52.93.

WRB traded up $0.43 on Friday, reaching $58.35. The company’s stock had a trading volume of 555,686 shares, compared to its average volume of 442,474. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 0.51. The company has a market capitalization of $10.68 billion, a price-to-earnings ratio of 21.85, a price-to-earnings-growth ratio of 2.54 and a beta of 0.75. W. R. Berkley Corp has a fifty-two week low of $45.91 and a fifty-two week high of $58.78.

W. R. Berkley (NYSE:WRB) last announced its quarterly earnings results on Tuesday, January 29th. The insurance provider reported $0.61 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.51 by $0.10. The firm had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $1.86 billion. W. R. Berkley had a return on equity of 9.39% and a net margin of 8.33%. On average, equities analysts anticipate that W. R. Berkley Corp will post 2.55 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 2nd. Stockholders of record on Thursday, March 14th were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.69%. The ex-dividend date of this dividend was Wednesday, March 13th. W. R. Berkley’s payout ratio is currently 14.98%.

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W. R. Berkley Profile

W. R. Berkley Corporation, an insurance holding company, operates as a commercial lines writer in the United States and internationally. It operates through two segments, Insurance and Reinsurance. The Insurance segment underwrites commercial insurance business, including premises operations, commercial automobile, property, products liability, and professional liability lines.

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Institutional Ownership by Quarter for W. R. Berkley (NYSE:WRB)

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