REAP Financial Group LLC Buys 378 Shares of W.R. Berkley Corporation $WRB

REAP Financial Group LLC lifted its stake in shares of W.R. Berkley Corporation (NYSE:WRB) by 148.2% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 633 shares of the insurance provider’s stock after purchasing an additional 378 shares during the quarter. REAP Financial Group LLC’s holdings in W.R. Berkley were worth $46,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in WRB. Hilltop National Bank bought a new stake in shares of W.R. Berkley during the 2nd quarter valued at $27,000. Spectrum Wealth Counsel LLC bought a new position in W.R. Berkley in the 1st quarter valued at $29,000. Garde Capital Inc. bought a new position in W.R. Berkley in the 1st quarter valued at $30,000. N.E.W. Advisory Services LLC bought a new position in W.R. Berkley in the 1st quarter valued at $36,000. Finally, Keystone Global Partners LLC bought a new position in W.R. Berkley in the 1st quarter valued at $41,000. 68.82% of the stock is currently owned by institutional investors.

W.R. Berkley Stock Up 0.1%

Shares of NYSE:WRB opened at $77.81 on Thursday. W.R. Berkley Corporation has a 52-week low of $55.97 and a 52-week high of $78.39. The firm has a fifty day moving average of $72.72 and a 200 day moving average of $71.41. The firm has a market capitalization of $29.51 billion, a PE ratio of 17.72, a price-to-earnings-growth ratio of 2.69 and a beta of 0.42. 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 (NYSE:WRB) last announced its earnings results on Monday, July 21st. The insurance provider reported $1.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.03 by $0.02. The company had revenue of $3.10 billion during the quarter, compared to analyst estimates 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 period in the previous year, the business earned $1.04 earnings per share. As a group, research analysts anticipate that W.R. Berkley Corporation will post 4.33 EPS for the current fiscal year.

W.R. Berkley Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 22nd were paid a $0.09 dividend. The ex-dividend date of this dividend was Monday, September 22nd. This represents a $0.36 annualized dividend and a yield of 0.5%. W.R. Berkley’s payout ratio is currently 8.20%.

Wall Street Analyst Weigh In

WRB has been the subject of several analyst reports. Weiss Ratings reissued a “buy (b)” rating on shares of W.R. Berkley in a report on Wednesday. Barclays reissued an “underweight” rating and issued a $73.00 price target on shares of W.R. Berkley in a report on Wednesday. Wolfe Research initiated coverage on shares of W.R. Berkley in a report on Monday, September 15th. They issued a “peer perform” rating for the company. Wells Fargo & Company raised their price target on shares of W.R. Berkley from $68.00 to $69.00 and gave the company an “equal weight” rating in a report on Wednesday. Finally, Cantor Fitzgerald raised shares of W.R. Berkley to a “strong-buy” rating in a report on Wednesday, August 13th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $73.69.

W.R. Berkley Company 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.