W. R. Berkley Co. (NYSE:WRB) Shares Purchased by Lindbrook Capital LLC

Lindbrook Capital LLC boosted its holdings in W. R. Berkley Co. (NYSE:WRB) by 70.6% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 580 shares of the insurance provider’s stock after purchasing an additional 240 shares during the quarter. Lindbrook Capital LLC’s holdings in W. R. Berkley were worth $41,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Bruce G. Allen Investments LLC acquired a new position in W. R. Berkley in the fourth quarter valued at approximately $25,000. Parkside Financial Bank & Trust boosted its holdings in shares of W. R. Berkley by 106.1% in the third quarter. Parkside Financial Bank & Trust now owns 406 shares of the insurance provider’s stock valued at $26,000 after acquiring an additional 209 shares during the period. Raleigh Capital Management Inc. boosted its holdings in shares of W. R. Berkley by 132.6% in the third quarter. Raleigh Capital Management Inc. now owns 414 shares of the insurance provider’s stock valued at $26,000 after acquiring an additional 236 shares during the period. VisionPoint Advisory Group LLC acquired a new stake in shares of W. R. Berkley in the third quarter valued at approximately $27,000. Finally, McGlone Suttner Wealth Management Inc. acquired a new stake in shares of W. R. Berkley in the fourth quarter valued at approximately $48,000. 68.82% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on WRB shares. Truist Financial decreased their price objective on W. R. Berkley from $95.00 to $93.00 and set a “buy” rating for the company in a report on Wednesday. Keefe, Bruyette & Woods increased their price objective on W. R. Berkley from $85.00 to $88.00 and gave the company a “market perform” rating in a report on Wednesday, April 10th. StockNews.com raised W. R. Berkley from a “hold” rating to a “buy” rating in a report on Thursday. Royal Bank of Canada cut their price target on W. R. Berkley from $88.00 to $86.00 and set a “sector perform” rating for the company in a research note on Wednesday. Finally, BMO Capital Markets cut their price target on W. R. Berkley from $93.00 to $87.00 and set a “market perform” rating for the company in a research note on Wednesday. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $90.63.

W. R. Berkley Price Performance

W. R. Berkley stock opened at $77.91 on Friday. W. R. Berkley Co. has a 12 month low of $55.50 and a 12 month high of $89.18. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.37 and a quick ratio of 0.37. The business has a 50 day simple moving average of $84.38 and a 200-day simple moving average of $76.22. The stock has a market capitalization of $19.99 billion, a PE ratio of 13.81, a price-to-earnings-growth ratio of 1.48 and a beta of 0.57.

W. R. Berkley (NYSE:WRB) last released its quarterly earnings data on Tuesday, April 23rd. The insurance provider reported $1.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.46 by $0.10. The firm had revenue of $2.76 billion during the quarter, compared to analysts’ expectations of $2.77 billion. W. R. Berkley had a return on equity of 21.01% and a net margin of 12.23%. W. R. Berkley’s revenue was up 11.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.00 earnings per share. Equities analysts predict that W. R. Berkley Co. will post 5.93 earnings per share for the current year.

W. R. Berkley Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 13th. Shareholders of record on Monday, March 4th were given a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 0.56%. The ex-dividend date of this dividend was Friday, March 1st. W. R. Berkley’s payout ratio is 7.80%.

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.