Amundi Pioneer Asset Management Inc. acquired a new position in W. R. Berkley Corp (NYSE:WRB) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 99,455 shares of the insurance provider’s stock, valued at approximately $7,125,000. Amundi Pioneer Asset Management Inc. owned 0.08% of W. R. Berkley at the end of the most recent quarter.
Other hedge funds have also recently made changes to their positions in the company. Berkley W R Corp bought a new stake in shares of W. R. Berkley in the 3rd quarter worth approximately $5,454,000. Teacher Retirement System of Texas bought a new stake in shares of W. R. Berkley in the 4th quarter worth approximately $1,917,000. Belpointe Asset Management LLC bought a new stake in shares of W. R. Berkley in the 3rd quarter worth approximately $1,223,000. Crestline Management LP lifted its position in shares of W. R. Berkley by 28.3% in the 3rd quarter. Crestline Management LP now owns 29,080 shares of the insurance provider’s stock worth $1,941,000 after acquiring an additional 6,417 shares during the period. Finally, Dimensional Fund Advisors LP lifted its position in shares of W. R. Berkley by 3.1% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,663,027 shares of the insurance provider’s stock worth $110,990,000 after acquiring an additional 50,350 shares during the period. Institutional investors own 71.99% of the company’s stock.
W. R. Berkley Corp (WRB) opened at $71.58 on Tuesday. W. R. Berkley Corp has a twelve month low of $62.00 and a twelve month high of $74.43. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 0.46. The stock has a market capitalization of $8,670.81, a P/E ratio of 16.72, a PEG ratio of 2.21 and a beta of 0.87.
W. R. Berkley (NYSE:WRB) last issued its earnings results on Tuesday, January 30th. The insurance provider reported $0.76 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.73 by $0.03. W. R. Berkley had a return on equity of 5.89% and a net margin of 7.15%. The business had revenue of $1.77 billion during the quarter, compared to analysts’ expectations of $1.75 billion. research analysts predict that W. R. Berkley Corp will post 3.59 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, April 2nd. Stockholders of record on Wednesday, March 14th will be issued a $0.14 dividend. The ex-dividend date is Tuesday, March 13th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.78%. W. R. Berkley’s payout ratio is presently 13.08%.
WRB has been the subject of a number of research reports. Zacks Investment Research downgraded W. R. Berkley from a “buy” rating to a “hold” rating in a research report on Tuesday, February 20th. Royal Bank of Canada reiterated a “hold” rating on shares of W. R. Berkley in a research report on Wednesday, January 31st. Finally, Boenning Scattergood reiterated a “hold” rating on shares of W. R. Berkley in a research report on Wednesday, January 31st. Two equities research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company’s stock. W. R. Berkley has an average rating of “Hold” and a consensus target price of $70.38.
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W. R. Berkley Profile
W. R. Berkley Corporation is an insurance holding company. It operates through two segments: Insurance and Reinsurance-Global. The Insurance segment consists of its commercial insurance business operations, comprising excess and surplus lines, and admitted lines, throughout the United States, as well as its insurance business operations in the United Kingdom, Continental Europe, South America, Canada, Mexico, Scandinavia, Asia and Australia.
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