[ad_1]
Advisor OS LLC decreased its place in shares of W. R. Berkley Co. (NYSE:WRB – Free Report) by 23.1% within the first quarter, in response to the corporate in its most up-to-date disclosure with the Securities and Trade Fee. The fund owned 14,028 shares of the insurance coverage supplier’s inventory after promoting 4,209 shares in the course of the interval. Advisor OS LLC’s holdings in W. R. Berkley have been price $873,000 on the finish of the latest reporting interval.
Different institutional buyers have additionally lately purchased and offered shares of the corporate. Darkish Forest Capital Administration LP acquired a brand new stake in W. R. Berkley in the course of the fourth quarter valued at $30,000. Resurgent Monetary Advisors LLC acquired a brand new stake in W. R. Berkley in the course of the fourth quarter valued at $32,000. First Manhattan Co. boosted its place in W. R. Berkley by 50.0% in the course of the first quarter. First Manhattan Co. now owns 486 shares of the insurance coverage supplier’s inventory valued at $32,000 after buying a further 162 shares over the last quarter. Correct Wealth Administration LLC purchased a brand new place in W. R. Berkley in the course of the fourth quarter valued at about $48,000. Lastly, James Funding Analysis Inc. raised its holdings in W. R. Berkley by 61.0% in the course of the fourth quarter. James Funding Analysis Inc. now owns 676 shares of the insurance coverage supplier’s inventory valued at $49,000 after shopping for a further 256 shares within the final quarter. Institutional buyers and hedge funds personal 67.96% of the corporate’s inventory.
W. R. Berkley Buying and selling Up 0.5 %
Shares of WRB opened at $59.86 on Friday. W. R. Berkley Co. has a 12-month low of $55.50 and a 12-month excessive of $76.99. The corporate has a fast ratio of 0.37, a present ratio of 0.37 and a debt-to-equity ratio of 0.41. The agency has a market capitalization of $15.61 billion, a price-to-earnings ratio of 15.39, a P/E/G ratio of 1.48 and a beta of 0.63. The inventory’s 50-day shifting common value is $58.14 and its 200 day shifting common value is $63.59.
W. R. Berkley (NYSE:WRB – Free Report) final issued its quarterly earnings outcomes on Thursday, April twentieth. The insurance coverage supplier reported $1.00 earnings per share (EPS) for the quarter, lacking the consensus estimate of $1.19 by ($0.19). W. R. Berkley had a web margin of 9.73% and a return on fairness of 17.98%. The agency had income of $2.49 billion for the quarter, in comparison with the consensus estimate of $2.53 billion. Throughout the identical quarter within the prior yr, the agency earned $1.10 earnings per share. The corporate’s income was up 10.8% on a year-over-year foundation. As a gaggle, analysis analysts predict that W. R. Berkley Co. will publish 4.42 earnings per share for the present yr.
W. R. Berkley Will increase Dividend
The enterprise additionally lately disclosed a quarterly dividend, which was paid on Friday, June thirtieth. Shareholders of document on Monday, June twenty sixth have been issued a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized foundation and a yield of 0.74%. This is a rise from W. R. Berkley’s earlier quarterly dividend of $0.10. The ex-dividend date of this dividend was Friday, June twenty third. W. R. Berkley’s payout ratio is presently 11.31%.
Analyst Upgrades and Downgrades
A number of analysis corporations have weighed in on WRB. Financial institution of America raised their goal value on W. R. Berkley from $80.00 to $84.00 and gave the corporate a “purchase” score in a report on Friday, April twenty first. Royal Financial institution of Canada reduce their goal value on W. R. Berkley from $82.00 to $76.00 and set an “outperform” score on the inventory in a report on Friday, April twenty first. StockNews.com started protection on W. R. Berkley in a report on Thursday, Could 18th. They set a “maintain” score on the inventory. Jefferies Monetary Group reduce their goal value on W. R. Berkley from $75.00 to $69.00 and set a “maintain” score on the inventory in a report on Monday, April tenth. Lastly, Wells Fargo & Firm dropped their value goal on W. R. Berkley from $79.00 to $77.00 and set an “chubby” score on the inventory in a analysis word on Friday, April twenty first. 4 analysis analysts have rated the inventory with a maintain score and 7 have issued a purchase score to the inventory. In keeping with MarketBeat.com, W. R. Berkley at present has a consensus score of “Reasonable Purchase” and a mean goal value of $77.64.
About W. R. Berkley
(Free Report)
W. R. Berkley Company, an insurance coverage holding firm, operates as a business strains author in the USA and internationally. It operates in two segments, Insurance coverage and Reinsurance & Monoline Extra. The Insurance coverage phase underwrites business insurance coverage enterprise, together with premises operations, business car, property, merchandise legal responsibility, and normal {and professional} legal responsibility strains.
See Additionally
This instantaneous information alert was generated by narrative science expertise and monetary knowledge from MarketBeat with the intention to present readers with the quickest and most correct reporting. This story was reviewed by MarketBeat’s editorial staff previous to publication. Please ship any questions or feedback about this story to contact@marketbeat.com.
Earlier than you contemplate W. R. Berkley, you may need to hear this.
MarketBeat retains observe of Wall Road’s top-rated and greatest performing analysis analysts and the shares they suggest to their purchasers each day. MarketBeat has recognized the 5 shares that prime analysts are quietly whispering to their purchasers to purchase now earlier than the broader market catches on… and W. R. Berkley wasn’t on the record.
Whereas W. R. Berkley at present has a “Reasonable Purchase” score amongst analysts, top-rated analysts imagine these 5 shares are higher buys.
View The 5 Shares Right here
MarketBeat’s analysts have simply launched their prime 5 quick performs for July 2023. Study which shares have probably the most quick curiosity and how one can commerce them. Click on the hyperlink under to see which firms made the record.
Get This Free Report
[ad_2]
Source link