Shares of W. R. Berkley Corp (NYSE:WRB) have earned a consensus recommendation of “Hold” from the twelve ratings firms that are covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $70.38.
WRB has been the topic of a number of recent research reports. Zacks Investment Research raised W. R. Berkley from a “hold” rating to a “buy” rating and set a $79.00 price objective on the stock in a research report on Wednesday, December 27th. Boenning Scattergood reissued a “hold” rating on shares of W. R. Berkley in a report on Wednesday, October 25th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $69.00 target price on shares of W. R. Berkley in a report on Friday, November 17th. Deutsche Bank increased their target price on W. R. Berkley from $65.00 to $66.00 and gave the company a “hold” rating in a report on Wednesday, October 25th. Finally, Bank of America increased their target price on W. R. Berkley from $73.00 to $74.00 and gave the company a “neutral” rating in a report on Wednesday, October 25th.
W. R. Berkley (WRB) traded down $0.29 during trading on Tuesday, hitting $69.45. The stock had a trading volume of 359,561 shares, compared to its average volume of 347,575. W. R. Berkley has a 1-year low of $62.00 and a 1-year high of $73.17. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.45. The stock has a market capitalization of $8,459.87, a price-to-earnings ratio of 16.26, a P/E/G ratio of 2.28 and a beta of 0.91.
The firm also recently announced a quarterly dividend, which was paid on Thursday, December 14th. Investors of record on Thursday, November 30th were issued a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 0.81%. The ex-dividend date was Wednesday, November 29th. W. R. Berkley’s dividend payout ratio (DPR) is presently 13.11%.
A number of large investors have recently bought and sold shares of WRB. Atlanta Capital Management Co. L L C increased its holdings in W. R. Berkley by 33.2% in the second quarter. Atlanta Capital Management Co. L L C now owns 3,564,878 shares of the insurance provider’s stock valued at $246,583,000 after buying an additional 888,016 shares during the last quarter. Janus Henderson Group PLC grew its holdings in shares of W. R. Berkley by 5,691.5% during the second quarter. Janus Henderson Group PLC now owns 683,863 shares of the insurance provider’s stock worth $47,303,000 after purchasing an additional 672,055 shares during the last quarter. Victory Capital Management Inc. grew its holdings in shares of W. R. Berkley by 18.5% during the third quarter. Victory Capital Management Inc. now owns 2,859,546 shares of the insurance provider’s stock worth $190,846,000 after purchasing an additional 446,774 shares during the last quarter. Renaissance Technologies LLC grew its holdings in shares of W. R. Berkley by 778.9% during the second quarter. Renaissance Technologies LLC now owns 370,900 shares of the insurance provider’s stock worth $25,655,000 after purchasing an additional 328,700 shares during the last quarter. Finally, Vanguard Group Inc. grew its holdings in shares of W. R. Berkley by 2.1% during the second quarter. Vanguard Group Inc. now owns 8,908,862 shares of the insurance provider’s stock worth $616,226,000 after purchasing an additional 184,805 shares during the last quarter. 71.03% of the stock is currently owned by hedge funds and other institutional investors.
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About W. R. Berkley
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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