Shares of W. R. Berkley Co. (NYSE:WRB) hit a new 52-week high and low during mid-day trading on Friday . The company traded as low as $74.83 and last traded at $74.60, with a volume of 206507 shares traded. The stock had previously closed at $74.16.
A number of analysts have recently issued reports on WRB shares. Zacks Investment Research raised W. R. Berkley from a “hold” rating to a “buy” rating and set a $79.00 price target on the stock in a research note on Wednesday, December 27th. Boenning Scattergood reaffirmed a “hold” rating on shares of W. R. Berkley in a research note on Wednesday, January 31st. Finally, Royal Bank of Canada reaffirmed a “hold” rating on shares of W. R. Berkley in a research note on Wednesday, January 31st. Three equities research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company. W. R. Berkley currently has a consensus rating of “Hold” and an average target price of $70.38.
The company has a market capitalization of $9,013.55, a price-to-earnings ratio of 30.38, a price-to-earnings-growth ratio of 2.33 and a beta of 0.79. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 0.46.
W. R. Berkley (NYSE:WRB) last released its quarterly earnings data on Tuesday, January 30th. The insurance provider reported $0.76 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.73 by $0.03. The company had revenue of $1.77 billion for the quarter, compared to analyst estimates of $1.75 billion. W. R. Berkley had a return on equity of 5.89% and a net margin of 7.15%. research analysts anticipate that W. R. Berkley Co. will post 3.54 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, April 2nd. Shareholders of record on Wednesday, March 14th were paid a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 0.75%. The ex-dividend date of this dividend was Tuesday, March 13th. W. R. Berkley’s dividend payout ratio (DPR) is currently 22.76%.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Xact Kapitalforvaltning AB boosted its stake in W. R. Berkley by 23.3% during the fourth quarter. Xact Kapitalforvaltning AB now owns 9,568 shares of the insurance provider’s stock worth $686,000 after buying an additional 1,810 shares during the last quarter. Envestnet Asset Management Inc. boosted its stake in W. R. Berkley by 6.4% during the fourth quarter. Envestnet Asset Management Inc. now owns 61,564 shares of the insurance provider’s stock worth $4,412,000 after buying an additional 3,728 shares during the last quarter. MetLife Investment Advisors LLC acquired a new position in W. R. Berkley during the fourth quarter worth $4,362,000. Glenmede Trust Co. NA boosted its stake in W. R. Berkley by 13.8% during the fourth quarter. Glenmede Trust Co. NA now owns 9,553 shares of the insurance provider’s stock worth $683,000 after buying an additional 1,161 shares during the last quarter. Finally, Vident Investment Advisory LLC acquired a new position in W. R. Berkley during the fourth quarter worth $205,000. 72.06% of the stock is currently owned by institutional investors.
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W. R. Berkley Company 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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