Public Employees Retirement System of Ohio Reduces Stake in W. R. Berkley Co. (NYSE:WRB)

Public Employees Retirement System of Ohio lowered its position in W. R. Berkley Co. (NYSE:WRBFree Report) by 11.3% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 90,270 shares of the insurance provider’s stock after selling 11,477 shares during the period. Public Employees Retirement System of Ohio’s holdings in W. R. Berkley were worth $5,731,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Clear Street Markets LLC boosted its position in W. R. Berkley by 92.3% in the 1st quarter. Clear Street Markets LLC now owns 398 shares of the insurance provider’s stock worth $25,000 after purchasing an additional 191 shares in the last quarter. Parkside Financial Bank & Trust boosted its position in W. R. Berkley by 106.1% in the 3rd quarter. Parkside Financial Bank & Trust now owns 406 shares of the insurance provider’s stock worth $26,000 after purchasing an additional 209 shares in the last quarter. Farther Finance Advisors LLC boosted its position in W. R. Berkley by 232.9% in the 2nd quarter. Farther Finance Advisors LLC now owns 496 shares of the insurance provider’s stock worth $30,000 after purchasing an additional 347 shares in the last quarter. First Manhattan Co. boosted its position in W. R. Berkley by 50.0% in the 1st quarter. First Manhattan Co. now owns 486 shares of the insurance provider’s stock worth $32,000 after purchasing an additional 162 shares in the last quarter. Finally, Resurgent Financial Advisors LLC purchased a new stake in W. R. Berkley in the 4th quarter worth approximately $32,000. Hedge funds and other institutional investors own 66.34% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. UBS Group upped their target price on W. R. Berkley from $81.00 to $93.00 and gave the stock a “buy” rating in a research note on Tuesday, January 30th. Keefe, Bruyette & Woods upped their target price on W. R. Berkley from $80.00 to $85.00 and gave the stock a “market perform” rating in a research note on Tuesday, February 27th. Truist Financial upped their target price on W. R. Berkley from $83.00 to $95.00 and gave the stock a “buy” rating in a research note on Thursday, January 25th. BMO Capital Markets upped their target price on W. R. Berkley from $71.00 to $81.00 and gave the stock a “market perform” rating in a research note on Friday, January 26th. Finally, Evercore ISI reaffirmed an “in-line” rating and set a $79.00 target price (up from $69.00) on shares of W. R. Berkley in a research note on Tuesday, January 9th. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, W. R. Berkley currently has an average rating of “Moderate Buy” and a consensus target price of $84.11.

Read Our Latest Research Report on WRB

W. R. Berkley Stock Up 0.8 %

Shares of WRB opened at $85.63 on Wednesday. W. R. Berkley Co. has a 52-week low of $55.50 and a 52-week high of $86.33. The company has a market capitalization of $21.97 billion, a PE ratio of 16.92, a price-to-earnings-growth ratio of 1.56 and a beta of 0.57. The stock has a fifty day simple moving average of $79.93 and a two-hundred day simple moving average of $71.64. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.38.

W. R. Berkley (NYSE:WRBGet Free Report) last issued its earnings results on Wednesday, January 24th. The insurance provider reported $1.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.35 by $0.10. W. R. Berkley had a return on equity of 19.03% and a net margin of 11.38%. The business had revenue of $3.22 billion during the quarter, compared to the consensus estimate of $2.70 billion. During the same period last year, the company earned $1.16 EPS. The company’s revenue for the quarter was up 6.9% on a year-over-year basis. As a group, equities analysts forecast that W. R. Berkley Co. will post 6 EPS for the current year.

W. R. Berkley Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 13th. Stockholders of record on Monday, March 4th will be issued a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.51%. The ex-dividend date is Friday, March 1st. W. R. Berkley’s dividend payout ratio is presently 8.70%.

W. R. Berkley Company Profile

(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.

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

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