Thrivent Financial for Lutherans increased its position in W. R. Berkley Corp (NYSE:WRB) by 6.7% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 25,872 shares of the insurance provider’s stock after purchasing an additional 1,615 shares during the period. Thrivent Financial for Lutherans’ holdings in W. R. Berkley were worth $1,912,000 at the end of the most recent reporting period.
Other institutional investors have also recently bought and sold shares of the company. Oregon Public Employees Retirement Fund raised its holdings in shares of W. R. Berkley by 7,291.0% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 2,803,776 shares of the insurance provider’s stock valued at $38,000 after purchasing an additional 2,765,841 shares in the last quarter. We Are One Seven LLC bought a new position in W. R. Berkley in the 4th quarter worth $52,000. Rehmann Capital Advisory Group raised its holdings in W. R. Berkley by 64.6% in the 4th quarter. Rehmann Capital Advisory Group now owns 950 shares of the insurance provider’s stock worth $70,000 after acquiring an additional 373 shares during the period. Quantamental Technologies LLC bought a new position in W. R. Berkley in the 4th quarter worth $83,000. Finally, Berman Capital Advisors LLC bought a new position in W. R. Berkley in the 4th quarter worth $135,000. 72.63% of the stock is owned by hedge funds and other institutional investors.
Several research analysts have recently issued reports on WRB shares. UBS Group boosted their price objective on shares of W. R. Berkley from $53.00 to $56.00 and gave the stock a “sell” rating in a report on Wednesday. Royal Bank of Canada boosted their price objective on shares of W. R. Berkley to $60.00 and gave the stock a “sector perform” rating in a report on Wednesday. They noted that the move was a valuation call. Boenning Scattergood restated a “hold” rating on shares of W. R. Berkley in a report on Wednesday. Zacks Investment Research downgraded shares of W. R. Berkley from a “hold” rating to a “sell” rating in a report on Thursday, April 4th. Finally, Credit Suisse Group upgraded shares of W. R. Berkley from a “neutral” rating to an “outperform” rating and boosted their price objective for the stock from $51.67 to $58.67 in a report on Wednesday, February 27th. Four investment analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $54.38.
W. R. Berkley (NYSE:WRB) last issued its earnings results on Tuesday, April 23rd. The insurance provider reported $0.94 earnings per share for the quarter, beating the consensus estimate of $0.63 by $0.31. W. R. Berkley had a net margin of 8.33% and a return on equity of 9.39%. The business had revenue of $1.59 billion for the quarter, compared to analyst estimates of $1.62 billion. During the same period in the previous year, the business earned $0.87 EPS. The firm’s revenue was up 1.6% on a year-over-year basis. On average, equities analysts forecast that W. R. Berkley Corp will post 2.55 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, April 2nd. Shareholders of record on Thursday, March 14th were given a $0.10 dividend. The ex-dividend date was Wednesday, March 13th. This represents a $0.40 dividend on an annualized basis and a yield of 0.66%. W. R. Berkley’s dividend payout ratio (DPR) is presently 14.98%.
About W. R. Berkley
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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