Quantinno Capital Management LP Acquires 48,104 Shares of W. R. Berkley Co. (NYSE:WRB)

Quantinno Capital Management LP boosted its holdings in W. R. Berkley Co. (NYSE:WRB) by 152.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 79,614 shares of the insurance provider’s stock after purchasing an additional 48,104 shares during the period. Quantinno Capital Management LP’s holdings in W. R. Berkley were worth $4,659,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Amundi raised its position in W. R. Berkley by 43.1% during the fourth quarter. Amundi now owns 1,477,932 shares of the insurance provider’s stock worth $85,853,000 after acquiring an additional 444,986 shares in the last quarter. Brown Lisle Cummings Inc. bought a new stake in shares of W. R. Berkley in the 4th quarter valued at about $982,000. Merit Financial Group LLC acquired a new stake in W. R. Berkley in the 4th quarter valued at about $560,000. HighPoint Advisor Group LLC grew its holdings in W. R. Berkley by 12.0% during the fourth quarter. HighPoint Advisor Group LLC now owns 4,967 shares of the insurance provider’s stock worth $304,000 after purchasing an additional 532 shares during the period. Finally, Financial Strategies Group Inc. increased its position in W. R. Berkley by 3.8% during the fourth quarter. Financial Strategies Group Inc. now owns 119,327 shares of the insurance provider’s stock worth $6,766,000 after buying an additional 4,363 shares during the last quarter. 68.82% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on WRB shares. UBS Group lifted their target price on W. R. Berkley from $73.00 to $78.00 and gave the stock a “buy” rating in a research note on Monday, April 28th. Wells Fargo & Company raised their price target on W. R. Berkley from $69.00 to $70.00 and gave the company an “equal weight” rating in a report on Tuesday, April 22nd. Keefe, Bruyette & Woods upped their price objective on shares of W. R. Berkley from $62.00 to $65.00 and gave the company a “market perform” rating in a report on Tuesday, April 22nd. Truist Financial raised their target price on shares of W. R. Berkley from $68.00 to $80.00 and gave the stock a “buy” rating in a research note on Thursday, April 3rd. Finally, Barclays upped their price target on shares of W. R. Berkley from $52.00 to $62.00 and gave the company an “underweight” rating in a research note on Friday, April 11th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $68.39.

W. R. Berkley Stock Up 0.8%

NYSE WRB opened at $73.29 on Friday. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 0.34. The company has a market cap of $27.80 billion, a price-to-earnings ratio of 16.80, a PEG ratio of 1.56 and a beta of 0.44. The company has a 50 day moving average of $68.49 and a 200-day moving average of $63.19. W. R. Berkley Co. has a 1-year low of $51.17 and a 1-year high of $76.38.

W. R. Berkley (NYSE:WRB) last posted its quarterly earnings data on Monday, April 21st. The insurance provider reported $1.01 EPS for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.07). The company had revenue of $3.01 billion for the quarter, compared to the consensus estimate of $3.01 billion. W. R. Berkley had a return on equity of 20.83% and a net margin of 12.88%. On average, equities research analysts expect that W. R. Berkley Co. will post 4.33 earnings per share for the current fiscal year.

W. R. Berkley Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Monday, March 3rd were paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.44%. The ex-dividend date of this dividend was Monday, March 3rd. W. R. Berkley’s dividend payout ratio (DPR) is presently 7.42%.

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.