Townsquare Capital LLC Has $2.15 Million Holdings in W. R. Berkley Co. (NYSE:WRB)

Townsquare Capital LLC raised its position in W. R. Berkley Co. (NYSE:WRB) by 70.7% during the third quarter, according to its most recent filing with the SEC. The firm owned 37,821 shares of the insurance provider’s stock after purchasing an additional 15,664 shares during the period. Townsquare Capital LLC’s holdings in W. R. Berkley were worth $2,146,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Armstrong Advisory Group Inc. raised its position in shares of W. R. Berkley by 51.0% in the 3rd quarter. Armstrong Advisory Group Inc. now owns 619 shares of the insurance provider’s stock worth $35,000 after acquiring an additional 209 shares in the last quarter. PFS Partners LLC increased its holdings in W. R. Berkley by 51.1% in the third 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 acquired a new position in W. R. Berkley in the second quarter valued at approximately $42,000. Creative Financial Designs Inc. ADV boosted its holdings 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 worth $45,000 after buying an additional 416 shares in the last quarter. Finally, Kiely Wealth Advisory Group Inc. grew its position in shares of W. R. Berkley by 49.9% during the 2nd quarter. Kiely Wealth Advisory Group Inc. now owns 580 shares of the insurance provider’s stock worth $46,000 after buying an additional 193 shares during the period. 68.82% of the stock is owned by institutional investors.

Analysts Set New Price Targets

WRB has been the topic of several research analyst reports. The Goldman Sachs Group raised shares of W. R. Berkley from a “neutral” rating to a “buy” rating and set a $69.00 target price on the stock in a research note on Monday, November 25th. Royal Bank of Canada raised their price target on shares of W. R. Berkley from $57.00 to $63.00 and gave the company a “sector perform” rating in a research report on Tuesday, October 22nd. Bank of America boosted their price objective on W. R. Berkley from $73.00 to $76.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. Keefe, Bruyette & Woods dropped their target price on W. R. Berkley from $59.00 to $58.00 and set a “market perform” rating on the stock in a report on Tuesday, October 22nd. Finally, Wells Fargo & Company increased their price target on W. R. Berkley from $63.00 to $68.00 and gave the company an “overweight” rating in a research report on Tuesday, October 22nd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $64.22.

W. R. Berkley Stock Down 0.6 %

W. R. Berkley stock opened at $64.55 on Friday. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 0.34. The company has a market capitalization of $24.60 billion, a P/E ratio of 16.55, a P/E/G ratio of 1.25 and a beta of 0.62. The firm has a 50 day moving average price of $59.41 and a 200-day moving average price of $56.90. W. R. Berkley Co. has a twelve month low of $45.75 and a twelve month high of $65.49.

W. R. Berkley (NYSE:WRB) last released its earnings results on Monday, October 21st. The insurance provider reported $0.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 business had revenue of $2.93 billion during the quarter, compared to the consensus estimate of $2.93 billion. During the same period last year, the business posted $0.90 earnings per share. The business’s revenue for the quarter was up 10.8% on a year-over-year basis. As a group, equities analysts predict that W. R. Berkley Co. will post 3.94 EPS for the current year.

W. R. Berkley Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 23rd were issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 0.50%. The ex-dividend date was Monday, September 23rd. W. R. Berkley’s dividend payout ratio (DPR) is presently 8.21%.

About W. R. Berkley

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.