Private Wealth Advisors LLC Purchases 1,701 Shares of W. R. Berkley Co. (NYSE:WRB)

Private Wealth Advisors LLC increased its holdings in W. R. Berkley Co. (NYSE:WRB) by 50.2% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 5,090 shares of the insurance provider’s stock after purchasing an additional 1,701 shares during the period. Private Wealth Advisors LLC’s holdings in W. R. Berkley were worth $291,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Quarry LP purchased a new stake in W. R. Berkley during the 2nd quarter valued at $42,000. Covestor Ltd raised its stake in shares of W. R. Berkley by 173.0% in the first quarter. Covestor Ltd now owns 546 shares of the insurance provider’s stock valued at $48,000 after acquiring an additional 346 shares during the period. Kiely Wealth Advisory Group Inc. lifted its holdings in shares of W. R. Berkley by 49.9% in the 2nd quarter. Kiely Wealth Advisory Group Inc. now owns 580 shares of the insurance provider’s stock worth $46,000 after acquiring an additional 193 shares during the last quarter. Armstrong Advisory Group Inc. boosted its stake in shares of W. R. Berkley by 51.0% during the 3rd quarter. Armstrong Advisory Group Inc. now owns 619 shares of the insurance provider’s stock worth $35,000 after purchasing an additional 209 shares during the period. Finally, PFS Partners LLC grew its holdings in W. R. Berkley by 51.1% during the 3rd quarter. PFS Partners LLC now owns 719 shares of the insurance provider’s stock valued at $41,000 after purchasing an additional 243 shares during the last quarter. Hedge funds and other institutional investors own 68.82% of the company’s stock.

W. R. Berkley Stock Down 0.2 %

Shares of NYSE:WRB traded down $0.13 during trading hours on Tuesday, hitting $60.29. The company’s stock had a trading volume of 167,116 shares, compared to its average volume of 1,783,986. The firm’s fifty day moving average price is $58.42 and its 200 day moving average price is $55.96. W. R. Berkley Co. has a 52 week low of $45.30 and a 52 week high of $61.96. The company has a market capitalization of $22.97 billion, a price-to-earnings ratio of 15.48, a P/E/G ratio of 1.20 and a beta of 0.62. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.36 and a quick ratio of 0.38.

W. R. Berkley (NYSE:WRB) last issued its quarterly earnings data on Monday, October 21st. The insurance provider reported $0.93 EPS for the quarter, topping analysts’ consensus estimates of $0.92 by $0.01. W. R. Berkley had a net margin of 11.96% and a return on equity of 20.41%. The company 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 firm posted $0.90 earnings per share. W. R. Berkley’s revenue for the quarter was up 10.8% compared to the same quarter last year. As a group, research analysts expect that W. R. Berkley Co. will post 3.96 EPS for the current year.

W. R. Berkley Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 23rd were paid a $0.08 dividend. The ex-dividend date was Monday, September 23rd. This represents a $0.32 annualized dividend and a yield of 0.53%. W. R. Berkley’s dividend payout ratio (DPR) is presently 8.20%.

Analyst Ratings Changes

Several analysts have issued reports on WRB shares. Jefferies Financial Group raised 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 note on Wednesday, October 9th. Truist Financial raised their price target on W. R. Berkley from $64.00 to $68.00 and gave the stock a “buy” rating in a research note on Thursday, October 17th. Evercore ISI upped their price objective on W. R. Berkley from $57.00 to $60.00 and gave the company an “in-line” rating in a research report on Tuesday, October 22nd. UBS Group lifted their target price on W. R. Berkley from $67.00 to $69.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. Finally, Wells Fargo & Company upped their price target on shares of W. R. Berkley from $63.00 to $68.00 and gave the stock an “overweight” rating in a report on Tuesday, October 22nd. One analyst has rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $63.08.

W. R. Berkley Company 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.