Greenleaf Trust Has $361,000 Position in W. R. Berkley Co. (NYSE:WRB)

Greenleaf Trust grew its holdings in shares of W. R. Berkley Co. (NYSE:WRB) by 8.9% in the fourth quarter, HoldingsChannel.com reports. The fund owned 5,103 shares of the insurance provider’s stock after acquiring an additional 418 shares during the quarter. Greenleaf Trust’s holdings in W. R. Berkley were worth $361,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Bruce G. Allen Investments LLC bought a new position in shares of W. R. Berkley during the 4th quarter worth about $25,000. Parkside Financial Bank & Trust boosted its position in shares of W. R. Berkley by 106.1% during the 3rd quarter. Parkside Financial Bank & Trust now owns 406 shares of the insurance provider’s stock worth $26,000 after purchasing an additional 209 shares in the last quarter. Raleigh Capital Management Inc. boosted its position in shares of W. R. Berkley by 132.6% during the 3rd quarter. Raleigh Capital Management Inc. now owns 414 shares of the insurance provider’s stock worth $26,000 after purchasing an additional 236 shares in the last quarter. VisionPoint Advisory Group LLC bought a new position in shares of W. R. Berkley during the 3rd quarter worth about $27,000. Finally, McGlone Suttner Wealth Management Inc. bought a new position in shares of W. R. Berkley during the 4th quarter worth about $48,000. 68.82% of the stock is currently owned by institutional investors and hedge funds.

W. R. Berkley Price Performance

W. R. Berkley stock opened at $79.10 on Wednesday. W. R. Berkley Co. has a 52 week low of $55.50 and a 52 week high of $89.18. The company’s 50 day moving average price is $84.55 and its two-hundred day moving average price is $76.20. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.38. The stock has a market cap of $20.29 billion, a P/E ratio of 15.63, a P/E/G ratio of 1.54 and a beta of 0.57.

W. R. Berkley (NYSE:WRB) last posted its earnings results on Tuesday, April 23rd. The insurance provider reported $1.56 EPS for the quarter, topping the consensus estimate of $1.49 by $0.07. W. R. Berkley had a net margin of 11.38% and a return on equity of 19.03%. The firm had revenue of $2.76 billion for the quarter, compared to analysts’ expectations of $2.77 billion. During the same quarter last year, the firm earned $1.00 EPS. The company’s quarterly revenue was up 11.0% compared to the same quarter last year. On average, equities analysts predict that W. R. Berkley Co. will post 5.94 earnings per share for the current year.

W. R. Berkley Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 13th. Shareholders of record on Monday, March 4th were given a dividend of $0.11 per share. The ex-dividend date was Friday, March 1st. This represents a $0.44 annualized dividend and a dividend yield of 0.56%. W. R. Berkley’s dividend payout ratio is currently 8.70%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. Truist Financial increased their price objective on shares of W. R. Berkley from $83.00 to $95.00 and gave the stock a “buy” rating in a research report on Thursday, January 25th. Royal Bank of Canada increased their price objective on shares of W. R. Berkley from $73.00 to $79.00 and gave the stock a “sector perform” rating in a research report on Thursday, January 25th. Evercore ISI increased their price objective on shares of W. R. Berkley from $83.00 to $89.00 and gave the stock an “in-line” rating in a research report on Thursday, April 11th. Wells Fargo & Company raised their price target on shares of W. R. Berkley from $92.00 to $99.00 and gave the company an “overweight” rating in a research report on Thursday, April 11th. Finally, Keefe, Bruyette & Woods raised their price target on shares of W. R. Berkley from $85.00 to $88.00 and gave the company a “market perform” rating in a research report on Wednesday, April 10th. Five analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $89.88.

About W. R. Berkley

W. R. Berkley Corporation, an insurance holding company, operates as a commercial lines writers worldwide. It operates in two segments, Insurance and Reinsurance & Monoline Excess. The Insurance segment underwrites commercial insurance business, including excess and surplus lines, admitted lines, and specialty personal lines.