Cyr Financial Inc. Has $216,000 Holdings in W. R. Berkley Co. (NYSE:WRB)

Cyr Financial Inc. cut its holdings in shares of W. R. Berkley Co. (NYSE:WRB) by 73.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,685 shares of the insurance provider’s stock after selling 10,213 shares during the period. Cyr Financial Inc.’s holdings in W. R. Berkley were worth $216,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. MML Investors Services LLC boosted its stake in W. R. Berkley by 49.0% in the 3rd quarter. MML Investors Services LLC now owns 39,035 shares of the insurance provider’s stock worth $2,214,000 after purchasing an additional 12,830 shares during the period. GSA Capital Partners LLP bought a new stake in shares of W. R. Berkley in the third quarter valued at about $732,000. Sumitomo Mitsui Trust Group Inc. boosted its position in shares of W. R. Berkley by 53.6% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 737,472 shares of the insurance provider’s stock worth $41,837,000 after buying an additional 257,211 shares during the period. The Manufacturers Life Insurance Company grew its holdings in shares of W. R. Berkley by 104.1% during the third quarter. The Manufacturers Life Insurance Company now owns 4,154,783 shares of the insurance provider’s stock worth $235,701,000 after buying an additional 2,118,641 shares in the last quarter. Finally, Sanctuary Advisors LLC acquired a new stake in W. R. Berkley in the 2nd quarter valued at approximately $4,801,000. 68.82% of the stock is owned by institutional investors and hedge funds.

W. R. Berkley Price Performance

NYSE:WRB opened at $59.29 on Friday. The firm’s fifty day moving average price is $60.01 and its two-hundred day moving average price is $58.48. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.36 and a quick ratio of 0.36. The company has a market cap of $22.59 billion, a P/E ratio of 15.19, a P/E/G ratio of 1.04 and a beta of 0.67. W. R. Berkley Co. has a one year low of $50.73 and a one year high of $65.49.

W. R. Berkley (NYSE:WRB) last announced its quarterly earnings results on Monday, January 27th. The insurance provider reported $1.13 EPS for the quarter, beating analysts’ consensus estimates of $0.95 by $0.18. W. R. Berkley had a net margin of 11.96% and a return on equity of 20.41%. Equities analysts expect that W. R. Berkley Co. will post 3.95 earnings per share for the current year.

W. R. Berkley Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Monday, December 16th were issued a dividend of $0.08 per share. The ex-dividend date of this dividend was Monday, December 16th. This represents a $0.32 annualized dividend and a yield of 0.54%. W. R. Berkley’s payout ratio is currently 8.20%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on WRB shares. Truist Financial raised their target price on shares of W. R. Berkley from $64.00 to $68.00 and gave the company a “buy” rating in a research report on Thursday, October 17th. StockNews.com raised W. R. Berkley from a “hold” rating to a “buy” rating in a research report on Tuesday. Evercore ISI increased their price target 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. Jefferies Financial Group boosted their price target on W. R. Berkley from $53.00 to $57.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. Finally, Wells Fargo & Company increased their price objective on W. R. Berkley from $67.00 to $70.00 and gave the company an “overweight” rating in a report on Tuesday. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $64.36.

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.