Retireful LLC Acquires Shares of 4,235 W.R. Berkley Corporation $WRB

Retireful LLC bought a new position in shares of W.R. Berkley Corporation (NYSE:WRB) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 4,235 shares of the insurance provider’s stock, valued at approximately $311,000.

A number of other hedge funds have also modified their holdings of WRB. Spectrum Wealth Counsel LLC purchased a new stake in W.R. Berkley during the 1st quarter valued at about $29,000. Garde Capital Inc. acquired a new position in shares of W.R. Berkley during the 1st quarter worth approximately $30,000. N.E.W. Advisory Services LLC purchased a new stake in shares of W.R. Berkley in the first quarter valued at approximately $36,000. Keystone Global Partners LLC acquired a new stake in shares of W.R. Berkley in the first quarter valued at approximately $41,000. Finally, MAI Capital Management lifted its position in W.R. Berkley by 191.1% during the first quarter. MAI Capital Management now owns 847 shares of the insurance provider’s stock worth $60,000 after buying an additional 556 shares in the last quarter. 68.82% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

WRB has been the subject of several analyst reports. TD Cowen cut W.R. Berkley from a “buy” rating to a “hold” rating and set a $78.00 target price for the company. in a report on Friday, June 27th. UBS Group raised their price objective on shares of W.R. Berkley from $78.00 to $80.00 and gave the stock a “buy” rating in a research report on Wednesday, July 9th. Cantor Fitzgerald upgraded shares of W.R. Berkley to a “strong-buy” rating in a report on Wednesday, August 13th. Wells Fargo & Company dropped their price target on shares of W.R. Berkley from $71.00 to $68.00 and set an “equal weight” rating for the company in a research note on Tuesday, July 22nd. Finally, Wolfe Research assumed coverage on shares of W.R. Berkley in a report on Monday, September 15th. They set a “peer perform” rating for the company. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $72.54.

W.R. Berkley Price Performance

W.R. Berkley stock opened at $74.72 on Thursday. The company’s 50 day simple moving average is $71.13 and its 200-day simple moving average is $70.48. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.37 and a current ratio of 0.37. W.R. Berkley Corporation has a 1 year low of $55.80 and a 1 year high of $76.38. The company has a market capitalization of $28.34 billion, a price-to-earnings ratio of 17.02, a price-to-earnings-growth ratio of 2.56 and a beta of 0.41.

W.R. Berkley (NYSE:WRB) last posted its earnings results on Monday, July 21st. The insurance provider reported $1.05 earnings per share for the quarter, beating the consensus estimate of $1.03 by $0.02. The firm had revenue of $3.10 billion during the quarter, compared to the consensus estimate of $3.10 billion. W.R. Berkley had a net margin of 12.32% and a return on equity of 18.83%. During the same quarter last year, the firm earned $1.04 EPS. As a group, equities research analysts expect that W.R. Berkley Corporation will post 4.33 earnings per share for the current year.

W.R. Berkley Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 22nd will be paid a dividend of $0.09 per share. The ex-dividend date of this dividend is Monday, September 22nd. This represents a $0.36 annualized dividend and a yield of 0.5%. W.R. Berkley’s dividend payout ratio is presently 8.20%.

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.