Willow Creek Wealth Management Inc. continued to hold its stake in W. R. Berkley Corp (NYSE:WRB) during the first quarter, Holdings Channel reports. The fund owned 10,959 shares of the insurance provider’s stock at the end of the first quarter. W. R. Berkley Corp comprises 0.5% of Willow Creek Wealth Management Inc.’s investment portfolio, making the stock its 13th largest position. Willow Creek Wealth Management Inc.’s holdings in W. R. Berkley Corp were worth $774,000 as of its most recent SEC filing.
A number of other hedge funds have also recently added to or reduced their stakes in the stock. Norges Bank purchased a new stake in W. R. Berkley Corp during the fourth quarter worth about $82,223,000. Eaton Vance Management boosted its stake in W. R. Berkley Corp by 102.0% in the third quarter. Eaton Vance Management now owns 764,371 shares of the insurance provider’s stock worth $44,150,000 after buying an additional 385,993 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in W. R. Berkley Corp by 23.0% in the first quarter. Bank of New York Mellon Corp now owns 1,538,368 shares of the insurance provider’s stock worth $108,656,000 after buying an additional 288,083 shares during the last quarter. Russell Investments Group Ltd. purchased a new stake in W. R. Berkley Corp during the fourth quarter worth about $10,454,000. Finally, Asset Management One Co. Ltd. boosted its stake in W. R. Berkley Corp by 1,592.3% in the fourth quarter. Asset Management One Co. Ltd. now owns 165,402 shares of the insurance provider’s stock worth $11,002,000 after buying an additional 155,628 shares during the last quarter. 71.79% of the stock is owned by hedge funds and other institutional investors.
Shares of W. R. Berkley Corp (NYSE:WRB) traded up 0.33% during mid-day trading on Friday, hitting $67.11. The company’s stock had a trading volume of 346,011 shares. The stock has a market cap of $8.14 billion, a PE ratio of 14.25 and a beta of 0.73. W. R. Berkley Corp has a 1-year low of $54.70 and a 1-year high of $73.17. The company has a 50-day moving average price of $67.99 and a 200-day moving average price of $66.87.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 5th. Stockholders of record on Thursday, June 15th will be issued a $0.14 dividend. This is a boost from W. R. Berkley Corp’s previous quarterly dividend of $0.13. The ex-dividend date is Tuesday, June 13th. This represents a $0.56 annualized dividend and a dividend yield of 0.83%. W. R. Berkley Corp’s dividend payout ratio (DPR) is presently 11.06%.
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A number of analysts recently issued reports on WRB shares. Zacks Investment Research cut W. R. Berkley Corp from a “buy” rating to a “hold” rating in a research report on Friday, February 3rd. Langen Mcalenn reissued a “neutral” rating on shares of W. R. Berkley Corp in a research report on Tuesday, January 31st. Boenning Scattergood reissued a “neutral” rating on shares of W. R. Berkley Corp in a research report on Thursday, March 2nd. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and set a $67.00 price objective on shares of W. R. Berkley Corp in a research report on Wednesday. Two analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $62.00.
About W. R. Berkley Corp
W. R. Berkley Corporation is an insurance holding company. It operates through two segments: Insurance and Reinsurance-Global. The Insurance segment consists of its commercial insurance business operations, comprising excess and surplus lines, and admitted lines, throughout the United States, as well as its insurance business operations in the United Kingdom, Continental Europe, South America, Canada, Mexico, Scandinavia, Asia and Australia.
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