iA Global Asset Management Inc. Has $541,000 Stock Holdings in W.R. Berkley Corporation $WRB

iA Global Asset Management Inc. lessened its position in W.R. Berkley Corporation (NYSE:WRB) by 73.4% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 7,362 shares of the insurance provider’s stock after selling 20,276 shares during the period. iA Global Asset Management Inc.’s holdings in W.R. Berkley were worth $541,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Sumitomo Mitsui Trust Group Inc. increased its stake in shares of W.R. Berkley by 0.6% in the 2nd quarter. Sumitomo Mitsui Trust Group Inc. now owns 737,183 shares of the insurance provider’s stock valued at $54,161,000 after buying an additional 4,423 shares during the period. Czech National Bank lifted its position in W.R. Berkley by 6.3% during the 2nd quarter. Czech National Bank now owns 73,255 shares of the insurance provider’s stock valued at $5,382,000 after purchasing an additional 4,336 shares during the period. Federation des caisses Desjardins du Quebec lifted its position in W.R. Berkley by 70.8% during the 1st quarter. Federation des caisses Desjardins du Quebec now owns 17,197 shares of the insurance provider’s stock valued at $1,224,000 after purchasing an additional 7,131 shares during the period. Gallacher Capital Management LLC acquired a new position in W.R. Berkley during the 2nd quarter valued at about $323,000. Finally, Sciencast Management LP acquired a new position in W.R. Berkley during the 1st quarter valued at about $3,493,000. Institutional investors and hedge funds own 68.82% of the company’s stock.

W.R. Berkley Stock Performance

WRB stock opened at $71.78 on Tuesday. The business’s 50-day moving average price is $74.09 and its two-hundred day moving average price is $72.39. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.31. The firm has a market cap of $27.23 billion, a PE ratio of 15.08, a P/E/G ratio of 2.73 and a beta of 0.42. W.R. Berkley Corporation has a 1-year low of $55.97 and a 1-year high of $78.48.

W.R. Berkley (NYSE:WRB) last posted its earnings results on Monday, October 20th. The insurance provider reported $1.10 earnings per share for the quarter, topping the consensus estimate of $1.07 by $0.03. The firm had revenue of $3.16 billion for the quarter, compared to analyst estimates of $3.16 billion. W.R. Berkley had a return on equity of 19.35% and a net margin of 13.01%.The company’s revenue for the quarter was up 10.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.93 earnings per share. As a group, research analysts forecast that W.R. Berkley Corporation will post 4.33 earnings per share for the current year.

W.R. Berkley Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 22nd were paid a dividend of $0.09 per share. 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 is presently 7.56%.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on WRB. UBS Group set a $87.00 target price on shares of W.R. Berkley and gave the company a “buy” rating in a research report on Wednesday, October 8th. BMO Capital Markets downgraded shares of W.R. Berkley from a “market perform” rating to an “underperform” rating and set a $64.00 target price on the stock. in a research report on Wednesday, October 22nd. Barclays restated an “underweight” rating and set a $73.00 target price on shares of W.R. Berkley in a research report on Wednesday, October 8th. Wells Fargo & Company set a $66.00 target price on shares of W.R. Berkley and gave the company an “equal weight” rating in a research report on Tuesday, October 21st. Finally, Truist Financial set a $84.00 target price on shares of W.R. Berkley and gave the company a “buy” rating in a research report on Tuesday, October 21st. Four research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $74.46.

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.