Focus Partners Advisor Solutions LLC Has $1.44 Million Stock Holdings in W.R. Berkley Corporation $WRB

Focus Partners Advisor Solutions LLC increased its position in shares of W.R. Berkley Corporation (NYSE:WRB) by 1.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 19,569 shares of the insurance provider’s stock after acquiring an additional 245 shares during the quarter. Focus Partners Advisor Solutions LLC’s holdings in W.R. Berkley were worth $1,438,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Hilltop National Bank acquired a new position in shares of W.R. Berkley during the second quarter valued at $27,000. Spectrum Wealth Counsel LLC bought a new position in W.R. Berkley during the first quarter worth about $29,000. N.E.W. Advisory Services LLC bought a new position in W.R. Berkley during the first quarter worth about $36,000. Keystone Global Partners LLC bought a new position in W.R. Berkley during the first quarter worth about $41,000. Finally, REAP Financial Group LLC boosted its holdings in W.R. Berkley by 148.2% during the second quarter. REAP Financial Group LLC now owns 633 shares of the insurance provider’s stock worth $46,000 after buying an additional 378 shares during the last quarter. Institutional investors and hedge funds own 68.82% of the company’s stock.

W.R. Berkley Stock Down 0.3%

Shares of W.R. Berkley stock opened at $75.01 on Monday. The business’s 50 day simple moving average is $74.02 and its 200 day simple moving average is $72.19. W.R. Berkley Corporation has a 52-week low of $55.97 and a 52-week high of $78.48. The firm has a market cap of $28.45 billion, a PE ratio of 15.76, a P/E/G ratio of 2.88 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, October 20th. The insurance provider reported $1.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.07 by $0.03. W.R. Berkley had a return on equity of 19.35% and a net margin of 13.01%.The business had revenue of $3.16 billion for the quarter, compared to analyst estimates of $3.16 billion. During the same quarter last year, the firm earned $0.93 EPS. W.R. Berkley’s revenue for the quarter was up 10.8% compared to the same quarter last year. On average, analysts predict that W.R. Berkley Corporation will post 4.33 earnings per share for the current fiscal year.

W.R. Berkley Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 22nd were given a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend was Monday, September 22nd. W.R. Berkley’s dividend payout ratio (DPR) is currently 7.56%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on WRB shares. Wells Fargo & Company set a $66.00 target price on W.R. Berkley and gave the stock an “equal weight” rating in a report on Tuesday, October 21st. Weiss Ratings restated a “buy (b)” rating on shares of W.R. Berkley in a report on Friday. Cantor Fitzgerald restated an “overweight” rating on shares of W.R. Berkley in a report on Tuesday, October 21st. Truist Financial set a $84.00 target price on W.R. Berkley and gave the stock a “buy” rating in a report on Tuesday, October 21st. Finally, Wolfe Research started coverage on W.R. Berkley in a research report on Monday, September 15th. They set a “peer perform” rating on the stock. Four investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, W.R. Berkley has an average rating of “Hold” and an average target price of $74.77.

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.