Capital Fund Management S.A. Purchases New Position in W. R. Berkley Corp (WRB)

Capital Fund Management S.A. purchased a new stake in W. R. Berkley Corp (NYSE:WRB) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 3,000 shares of the insurance provider’s stock, valued at approximately $240,000.

Other large investors have also recently made changes to their positions in the company. Truvestments Capital LLC acquired a new stake in shares of W. R. Berkley in the third quarter valued at approximately $103,000. Northwestern Mutual Wealth Management Co. increased its stake in shares of W. R. Berkley by 75.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,701 shares of the insurance provider’s stock valued at $123,000 after purchasing an additional 729 shares during the period. Alps Advisors Inc. acquired a new stake in shares of W. R. Berkley in the second quarter valued at approximately $207,000. Evercore Wealth Management LLC acquired a new stake in shares of W. R. Berkley in the third quarter valued at approximately $209,000. Finally, Gifford Fong Associates acquired a new stake in shares of W. R. Berkley in the second quarter valued at approximately $217,000. Institutional investors own 71.03% of the company’s stock.

W. R. Berkley stock opened at $76.38 on Friday. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 0.49. The company has a market capitalization of $9.36 billion, a PE ratio of 31.05, a P/E/G ratio of 2.16 and a beta of 0.85. W. R. Berkley Corp has a 12-month low of $67.12 and a 12-month high of $80.68.

W. R. Berkley (NYSE:WRB) last posted its quarterly earnings data on Tuesday, October 23rd. The insurance provider reported $1.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.28. The business had revenue of $1.60 billion during the quarter, compared to analysts’ expectations of $1.60 billion. W. R. Berkley had a net margin of 8.64% and a return on equity of 9.03%. The business’s revenue was up 1.4% on a year-over-year basis. During the same period last year, the firm posted $1.26 earnings per share. As a group, sell-side analysts anticipate that W. R. Berkley Corp will post 3.95 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 12th. Stockholders of record on Wednesday, November 28th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.79%. The ex-dividend date of this dividend is Tuesday, November 27th. W. R. Berkley’s dividend payout ratio (DPR) is presently 24.39%.

Separately, Zacks Investment Research lowered shares of W. R. Berkley from a “hold” rating to a “sell” rating in a research note on Saturday, October 13th. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $78.50.

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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.

Further Reading: S&P 500 Index

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

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