Impact Partnership Wealth LLC Has $452,000 Stock Holdings in W. R. Berkley Co. (NYSE:WRB)

Impact Partnership Wealth LLC decreased its stake in W. R. Berkley Co. (NYSE:WRB) by 27.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,716 shares of the insurance provider’s stock after selling 2,856 shares during the period. Impact Partnership Wealth LLC’s holdings in W. R. Berkley were worth $452,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. State Street Corp raised its position in W. R. Berkley by 48.6% in the third quarter. State Street Corp now owns 15,121,001 shares of the insurance provider’s stock valued at $857,814,000 after purchasing an additional 4,947,830 shares during the last quarter. Janus Henderson Group PLC increased its holdings in W. R. Berkley by 51.0% in the third quarter. Janus Henderson Group PLC now owns 11,321,958 shares of the insurance provider’s stock valued at $642,294,000 after purchasing an additional 3,825,238 shares during the period. JPMorgan Chase & Co. raised its position in W. R. Berkley by 55.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 7,366,424 shares of the insurance provider’s stock worth $417,897,000 after purchasing an additional 2,616,227 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in W. R. Berkley by 211.3% during the 3rd quarter. Principal Financial Group Inc. now owns 3,674,171 shares of the insurance provider’s stock worth $208,436,000 after buying an additional 2,493,758 shares during the period. Finally, Geode Capital Management LLC increased its stake in shares of W. R. Berkley by 47.9% in the third quarter. Geode Capital Management LLC now owns 7,591,353 shares of the insurance provider’s stock valued at $429,266,000 after buying an additional 2,459,073 shares during the period. Institutional investors own 68.82% of the company’s stock.

W. R. Berkley Price Performance

Shares of NYSE:WRB opened at $57.51 on Friday. The stock’s 50 day moving average is $60.10 and its 200-day moving average is $58.67. W. R. Berkley Co. has a twelve month low of $50.73 and a twelve month high of $65.49. 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 firm has a market capitalization of $21.91 billion, a price-to-earnings ratio of 14.73, a PEG ratio of 1.04 and a beta of 0.67.

W. R. Berkley Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Monday, December 16th were paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.56%. The ex-dividend date was Monday, December 16th. W. R. Berkley’s dividend payout ratio (DPR) is 8.20%.

Analysts Set New Price Targets

A number of research firms recently commented on WRB. The Goldman Sachs Group raised W. R. Berkley from a “neutral” rating to a “buy” rating and set a $69.00 price objective on the stock in a research note on Monday, November 25th. Jefferies Financial Group upped their price objective on shares of W. R. Berkley from $53.00 to $57.00 and gave the company a “hold” rating in a research note on Wednesday, October 9th. Barclays lowered their target price on shares of W. R. Berkley from $56.00 to $50.00 and set an “underweight” rating for the company in a research note on Monday, January 6th. Morgan Stanley initiated coverage on shares of W. R. Berkley in a research report on Thursday, December 5th. They set an “equal weight” rating and a $65.00 price target on the stock. Finally, Truist Financial lifted their price objective on W. R. Berkley from $64.00 to $68.00 and gave the stock a “buy” rating in a research report on Thursday, October 17th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, W. R. Berkley has a consensus rating of “Hold” and an average price target of $63.74.

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.