Stevens First Principles Investment Advisors raised its position in W.R. Berkley Corp. (NYSE:WRB) by 2.2% during the second quarter, Holdings Channel reports. The institutional investor owned 47,880 shares of the company’s stock after buying an additional 1,025 shares during the period. W.R. Berkley Corp. accounts for approximately 2.1% of Stevens First Principles Investment Advisors’ portfolio, making the stock its 19th largest position. Stevens First Principles Investment Advisors’ holdings in W.R. Berkley Corp. were worth $2,869,000 as of its most recent SEC filing.
Other large investors have also bought and sold shares of the company. Aperio Group LLC raised its stake in W.R. Berkley Corp. by 1.6% in the first quarter. Aperio Group LLC now owns 48,602 shares of the company’s stock worth $2,731,000 after buying an additional 774 shares in the last quarter. BlackRock Inc. raised its stake in W.R. Berkley Corp. by 10.4% in the first quarter. BlackRock Inc. now owns 140,097 shares of the company’s stock worth $7,873,000 after buying an additional 13,228 shares in the last quarter. BlackRock Group LTD raised its stake in W.R. Berkley Corp. by 3.4% in the first quarter. BlackRock Group LTD now owns 860,466 shares of the company’s stock worth $48,357,000 after buying an additional 28,519 shares in the last quarter. BlackRock Fund Advisors raised its stake in W.R. Berkley Corp. by 5.9% in the first quarter. BlackRock Fund Advisors now owns 4,159,966 shares of the company’s stock worth $233,790,000 after buying an additional 232,394 shares in the last quarter. Finally, USS Investment Management Ltd raised its stake in W.R. Berkley Corp. by 108.0% in the first quarter. USS Investment Management Ltd now owns 116,427 shares of the company’s stock worth $6,536,000 after buying an additional 60,444 shares in the last quarter. Institutional investors own 70.99% of the company’s stock.
W.R. Berkley Corp. (NYSE:WRB) traded up 0.28% during midday trading on Friday, reaching $57.81. 260,891 shares of the company’s stock traded hands. W.R. Berkley Corp. has a 52-week low of $47.54 and a 52-week high of $60.08. The firm has a market cap of $7.10 billion, a PE ratio of 15.17 and a beta of 0.82. The firm’s 50-day moving average is $58.00 and its 200 day moving average is $57.14.
W.R. Berkley Corp. (NYSE:WRB) last released its quarterly earnings data on Monday, July 25th. The company reported $0.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.77 by $0.05. W.R. Berkley Corp. had a net margin of 6.69% and a return on equity of 9.53%. The firm had revenue of $1.56 billion for the quarter, compared to analysts’ expectations of $1.96 billion. During the same quarter in the previous year, the company earned $0.81 earnings per share. The company’s revenue for the quarter was up 4.5% compared to the same quarter last year. Equities research analysts expect that W.R. Berkley Corp. will post $3.41 earnings per share for the current fiscal year.
The company also recently disclosed a dividend, which was paid on Wednesday, October 5th. Shareholders of record on Tuesday, September 20th were given a $0.63 dividend. This is a boost from W.R. Berkley Corp.’s previous dividend of $0.12. The ex-dividend date of this dividend was Friday, September 16th. W.R. Berkley Corp.’s payout ratio is presently 13.65%.
WRB has been the topic of a number of analyst reports. Royal Bank Of Canada upped their target price on shares of W.R. Berkley Corp. from $57.00 to $61.00 and gave the stock a “sector perform” rating in a report on Wednesday, July 13th. Compass Point upped their target price on shares of W.R. Berkley Corp. from $55.00 to $60.00 and gave the stock a “neutral” rating in a report on Tuesday, July 26th. Zacks Investment Research upgraded shares of W.R. Berkley Corp. from a “sell” rating to a “hold” rating in a report on Friday, August 19th. Finally, Credit Suisse Group AG set a $52.00 price objective on shares of W.R. Berkley Corp. and gave the company a “sell” rating in a research note on Monday, September 12th. One equities research analyst has rated the stock with a sell rating and five have given a hold rating to the company. W.R. Berkley Corp. presently has a consensus rating of “Hold” and an average price target of $56.83.
W.R. Berkley Corp. Company Profile
W. R. Berkley Corporation is an insurance holding company. The Company operates in the three segments of the property casualty insurance business: Insurance-Domestic, Insurance-International and Reinsurance-Global. Its Insurance-Domestic segment includes commercial insurance business, including excess and surplus lines and admitted lines, primarily throughout the United States.
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