Integrated Wealth Concepts LLC Buys 5,017 Shares of W. R. Berkley Co. (NYSE:WRB)

Integrated Wealth Concepts LLC boosted its stake in W. R. Berkley Co. (NYSE:WRB) by 43.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 16,559 shares of the insurance provider’s stock after purchasing an additional 5,017 shares during the quarter. Integrated Wealth Concepts LLC’s holdings in W. R. Berkley were worth $939,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in WRB. Armstrong Advisory Group Inc. boosted its position in shares of W. R. Berkley by 51.0% in the third quarter. Armstrong Advisory Group Inc. now owns 619 shares of the insurance provider’s stock valued at $35,000 after acquiring an additional 209 shares during the period. PFS Partners LLC lifted its stake in W. R. Berkley by 51.1% in the 3rd quarter. PFS Partners LLC now owns 719 shares of the insurance provider’s stock worth $41,000 after purchasing an additional 243 shares in the last quarter. Quarry LP bought a new position in W. R. Berkley in the 2nd quarter valued at $42,000. Creative Financial Designs Inc. ADV grew its position in shares of W. R. Berkley by 108.1% during the 3rd quarter. Creative Financial Designs Inc. ADV now owns 801 shares of the insurance provider’s stock valued at $45,000 after purchasing an additional 416 shares in the last quarter. Finally, Kiely Wealth Advisory Group Inc. increased its holdings in shares of W. R. Berkley by 49.9% in the second quarter. Kiely Wealth Advisory Group Inc. now owns 580 shares of the insurance provider’s stock worth $46,000 after purchasing an additional 193 shares during the period. Hedge funds and other institutional investors own 68.82% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. Morgan Stanley assumed coverage on W. R. Berkley in a research note on Thursday. They set an “equal weight” rating and a $65.00 price objective for the company. Jefferies Financial Group upped their price objective on shares of W. R. Berkley from $53.00 to $57.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. Evercore ISI raised their target price on shares of W. R. Berkley from $57.00 to $60.00 and gave the company an “in-line” rating in a research note on Tuesday, October 22nd. Bank of America boosted their price target on shares of W. R. Berkley from $73.00 to $76.00 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. Finally, Barclays started coverage on shares of W. R. Berkley in a research report on Wednesday, September 4th. They set an “underweight” rating and a $56.00 price objective on the stock. One research analyst has rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, W. R. Berkley presently has an average rating of “Hold” and a consensus target price of $64.28.

W. R. Berkley Stock Down 1.0 %

WRB opened at $62.95 on Monday. W. R. Berkley Co. has a 12 month low of $45.75 and a 12 month high of $65.49. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 0.34. The business’s 50-day moving average price is $60.08 and its 200-day moving average price is $57.31. The company has a market cap of $23.99 billion, a P/E ratio of 16.14, a P/E/G ratio of 1.23 and a beta of 0.65.

W. R. Berkley (NYSE:WRB) last announced its quarterly earnings data on Monday, October 21st. The insurance provider reported $0.93 earnings per share for the quarter, beating the consensus estimate of $0.92 by $0.01. W. R. Berkley had a return on equity of 20.41% and a net margin of 11.96%. The firm had revenue of $2.93 billion during the quarter, compared to the consensus estimate of $2.93 billion. During the same quarter in the previous year, the company posted $0.90 earnings per share. The business’s revenue was up 10.8% on a year-over-year basis. On average, equities analysts expect that W. R. Berkley Co. will post 3.94 EPS for the current year.

W. R. Berkley Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 23rd were issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.51%. The ex-dividend date was Monday, September 23rd. W. R. Berkley’s dividend payout ratio (DPR) is presently 8.21%.

W. R. Berkley Profile

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.