Intact Investment Management Inc. Has $64,000 Holdings in W. R. Berkley Co. (NYSE:WRB)

Intact Investment Management Inc. lessened its holdings in shares of W. R. Berkley Co. (NYSE:WRB) by 15.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,100 shares of the insurance provider’s stock after selling 200 shares during the quarter. Intact Investment Management Inc.’s holdings in W. R. Berkley were worth $64,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in WRB. Apollon Wealth Management LLC raised its stake in W. R. Berkley by 50.8% during the 3rd quarter. Apollon Wealth Management LLC now owns 4,085 shares of the insurance provider’s stock worth $232,000 after buying an additional 1,377 shares during the period. GSA Capital Partners LLP bought a new position in W. R. Berkley during the 3rd quarter worth about $732,000. Sumitomo Mitsui Trust Group Inc. increased its holdings in W. R. Berkley by 53.6% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 737,472 shares of the insurance provider’s stock worth $41,837,000 after purchasing an additional 257,211 shares in the last quarter. Prime Capital Investment Advisors LLC increased its holdings in W. R. Berkley by 53.0% during the 3rd quarter. Prime Capital Investment Advisors LLC now owns 5,680 shares of the insurance provider’s stock worth $322,000 after purchasing an additional 1,967 shares in the last quarter. Finally, Pinnacle Financial Partners Inc bought a new position in W. R. Berkley during the 3rd quarter worth about $83,000. Institutional investors and hedge funds own 68.82% of the company’s stock.

W. R. Berkley Trading Up 2.3 %

W. R. Berkley stock opened at $63.27 on Friday. The stock has a 50-day simple moving average of $60.38 and a 200 day simple moving average of $59.78. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.36 and a current ratio of 0.36. The stock has a market capitalization of $23.99 billion, a P/E ratio of 14.50, a PEG ratio of 1.56 and a beta of 0.63. W. R. Berkley Co. has a 52 week low of $50.73 and a 52 week high of $65.49.

W. R. Berkley (NYSE:WRB) last issued its quarterly earnings data on Monday, January 27th. The insurance provider reported $1.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.95 by $0.18. W. R. Berkley had a net margin of 12.88% and a return on equity of 20.83%. Analysts expect that W. R. Berkley Co. will post 4.33 earnings per share for the current year.

W. R. Berkley Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Monday, March 3rd were given a dividend of $0.08 per share. The ex-dividend date was Monday, March 3rd. This represents a $0.32 annualized dividend and a yield of 0.51%. W. R. Berkley’s dividend payout ratio (DPR) is presently 7.34%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. StockNews.com cut W. R. Berkley from a “buy” rating to a “hold” rating in a report on Monday, March 10th. Morgan Stanley assumed coverage on W. R. Berkley in a report on Thursday, December 5th. They issued an “equal weight” rating and a $65.00 price objective for the company. Wells Fargo & Company raised 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, January 28th. Keefe, Bruyette & Woods raised their price objective on W. R. Berkley from $60.00 to $61.00 and gave the company a “market perform” rating in a report on Tuesday, January 28th. Finally, Barclays raised their price objective on W. R. Berkley from $50.00 to $52.00 and gave the company an “underweight” rating in a report on Tuesday, January 28th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the company. According to MarketBeat, W. R. Berkley has an average rating of “Hold” and an average price target 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.