Canada Pension Plan Investment Board Has $19.20 Million Holdings in W. R. Berkley Co. (NYSE:WRB)

Canada Pension Plan Investment Board increased its holdings in W. R. Berkley Co. (NYSE:WRBFree Report) by 94.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 302,370 shares of the insurance provider’s stock after buying an additional 147,000 shares during the period. Canada Pension Plan Investment Board owned 0.12% of W. R. Berkley worth $19,197,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of WRB. Mitchell & Pahl Private Wealth LLC raised its position in shares of W. R. Berkley by 1.2% during the 2nd quarter. Mitchell & Pahl Private Wealth LLC now owns 13,245 shares of the insurance provider’s stock valued at $789,000 after buying an additional 159 shares in the last quarter. First Manhattan Co. raised its position in shares of W. R. Berkley by 50.0% during the 1st quarter. First Manhattan Co. now owns 486 shares of the insurance provider’s stock valued at $32,000 after buying an additional 162 shares in the last quarter. Kentucky Retirement Systems Insurance Trust Fund raised its position in shares of W. R. Berkley by 2.3% during the 3rd quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 7,320 shares of the insurance provider’s stock valued at $473,000 after buying an additional 162 shares in the last quarter. Carmel Capital Partners LLC raised its position in shares of W. R. Berkley by 4.3% during the 3rd quarter. Carmel Capital Partners LLC now owns 4,304 shares of the insurance provider’s stock valued at $273,000 after buying an additional 179 shares in the last quarter. Finally, Argent Trust Co raised its position in shares of W. R. Berkley by 3.4% during the 3rd quarter. Argent Trust Co now owns 5,779 shares of the insurance provider’s stock valued at $367,000 after buying an additional 188 shares in the last quarter. 66.34% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

WRB has been the topic of several research reports. UBS Group raised their price objective on shares of W. R. Berkley from $81.00 to $93.00 and gave the company a “buy” rating in a research report on Tuesday, January 30th. Wells Fargo & Company increased their target price on shares of W. R. Berkley from $84.00 to $92.00 and gave the company an “overweight” rating in a report on Thursday, January 25th. Truist Financial increased their target price on shares of W. R. Berkley from $83.00 to $95.00 and gave the company a “buy” rating in a report on Thursday, January 25th. Evercore ISI reaffirmed an “in-line” rating and set a $79.00 target price (up previously from $69.00) on shares of W. R. Berkley in a report on Tuesday, January 9th. Finally, Royal Bank of Canada increased their target price on shares of W. R. Berkley from $73.00 to $79.00 and gave the company a “sector perform” rating in a report on Thursday, January 25th. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, W. R. Berkley has an average rating of “Moderate Buy” and an average target price of $83.56.

Check Out Our Latest Stock Analysis on WRB

W. R. Berkley Stock Performance

WRB opened at $80.48 on Monday. The firm has a market cap of $20.75 billion, a P/E ratio of 15.91, a PEG ratio of 1.50 and a beta of 0.58. W. R. Berkley Co. has a 1-year low of $55.50 and a 1-year high of $85.01. The company has a 50 day simple moving average of $74.45 and a two-hundred day simple moving average of $68.27. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.39 and a quick ratio of 0.39.

W. R. Berkley (NYSE:WRBGet Free Report) last posted its quarterly earnings results on Wednesday, January 24th. The insurance provider reported $1.45 earnings per share for the quarter, topping analysts’ consensus estimates of $1.35 by $0.10. The business had revenue of $3.22 billion during the quarter, compared to analyst estimates of $2.70 billion. W. R. Berkley had a net margin of 11.38% and a return on equity of 19.40%. The company’s revenue was up 6.9% on a year-over-year basis. During the same period in the prior year, the business posted $1.16 earnings per share. Equities analysts forecast that W. R. Berkley Co. will post 5.94 earnings per share for the current fiscal year.

W. R. Berkley Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 27th. Stockholders of record on Monday, December 18th were issued a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 0.55%. The ex-dividend date was Friday, December 15th. W. R. Berkley’s dividend payout ratio (DPR) is presently 8.70%.

About W. R. Berkley

(Free Report)

W. R. Berkley Corporation, an insurance holding company, operates as a commercial lines writer in the United States and internationally. It operates in two segments, Insurance and Reinsurance & Monoline Excess. The Insurance segment underwrites commercial insurance business, including premises operations, commercial automobile, property, products liability, and general and professional liability lines.

Read More

Institutional Ownership by Quarter for W. R. Berkley (NYSE:WRB)

Receive News & Ratings for W. R. Berkley Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for W. R. Berkley and related companies with MarketBeat.com's FREE daily email newsletter.