ORG Partners LLC Purchases Shares of 740 W. R. Berkley Co. (NYSE:WRB)

ORG Partners LLC purchased a new stake in shares of W. R. Berkley Co. (NYSE:WRB) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 740 shares of the insurance provider’s stock, valued at approximately $52,000.

A number of other institutional investors have also bought and sold shares of the company. NewEdge Wealth LLC boosted its position in W. R. Berkley by 3.8% during the fourth quarter. NewEdge Wealth LLC now owns 51,003 shares of the insurance provider’s stock valued at $3,607,000 after acquiring an additional 1,854 shares during the last quarter. Citizens National Bank Trust Department boosted its position in shares of W. R. Berkley by 5.0% during the 4th quarter. Citizens National Bank Trust Department now owns 23,000 shares of the insurance provider’s stock worth $1,627,000 after purchasing an additional 1,100 shares in the last quarter. Meitav Investment House Ltd. bought a new position in shares of W. R. Berkley during the 4th quarter worth about $349,000. Sapient Capital LLC bought a new position in shares of W. R. Berkley during the 4th quarter worth about $685,000. Finally, Cerity Partners LLC boosted its position in shares of W. R. Berkley by 11.7% during the 4th quarter. Cerity Partners LLC now owns 185,251 shares of the insurance provider’s stock worth $13,101,000 after purchasing an additional 19,408 shares in the last quarter. Institutional investors own 68.82% of the company’s stock.

W. R. Berkley Price Performance

Shares of NYSE:WRB opened at $82.00 on Tuesday. The stock has a market cap of $21.04 billion, a PE ratio of 16.21, a PEG ratio of 1.53 and a beta of 0.57. The company’s fifty day moving average is $84.43 and its 200 day moving average is $75.44. W. R. Berkley Co. has a 52 week low of $55.50 and a 52 week high of $89.18. 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:WRB) last released its quarterly earnings data on Wednesday, January 24th. The insurance provider reported $1.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.35 by $0.10. W. R. Berkley had a net margin of 11.38% and a return on equity of 19.03%. The firm had revenue of $3.22 billion for the quarter, compared to analysts’ expectations of $2.70 billion. During the same quarter in the previous year, the company earned $1.16 earnings per share. The company’s revenue for the quarter was up 6.9% compared to the same quarter last year. Research analysts anticipate that W. R. Berkley Co. will post 5.98 earnings per share for the current year.

W. R. Berkley Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 13th. Stockholders of record on Monday, March 4th were paid a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.54%. The ex-dividend date of this dividend was Friday, March 1st. W. R. Berkley’s payout ratio is 8.70%.

Analyst Ratings Changes

WRB has been the topic of a number of research analyst reports. StockNews.com cut shares of W. R. Berkley from a “buy” rating to a “hold” rating in a research report on Thursday, April 11th. UBS Group upped their target price on shares of W. R. Berkley from $81.00 to $93.00 and gave the stock a “buy” rating in a report on Tuesday, January 30th. The Goldman Sachs Group upped their target price on shares of W. R. Berkley from $86.00 to $95.00 and gave the stock a “buy” rating in a report on Friday. Evercore ISI upped their target price on shares of W. R. Berkley from $83.00 to $89.00 and gave the stock an “in-line” rating in a report on Thursday, April 11th. Finally, Truist Financial upped their target price on shares of W. R. Berkley from $83.00 to $95.00 and gave the stock a “buy” rating in a report on Thursday, January 25th. Five research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $89.22.

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.