Dynamic Advisor Solutions LLC Buys Shares of 3,921 W.R. Berkley Corporation (NYSE:WRB)

Dynamic Advisor Solutions LLC bought a new stake in W.R. Berkley Corporation (NYSE:WRB) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 3,921 shares of the insurance provider’s stock, valued at approximately $279,000.

Other institutional investors also recently made changes to their positions in the company. Norges Bank acquired a new stake in shares of W.R. Berkley during the 4th quarter valued at approximately $272,582,000. Madison Investment Advisors LLC acquired a new stake in shares of W.R. Berkley during the 4th quarter valued at approximately $98,446,000. Bank of America Corp DE raised its position in shares of W.R. Berkley by 121.1% during the 4th quarter. Bank of America Corp DE now owns 2,949,573 shares of the insurance provider’s stock valued at $172,609,000 after acquiring an additional 1,615,565 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of W.R. Berkley during the 4th quarter valued at approximately $89,691,000. Finally, GAMMA Investing LLC raised its position in shares of W.R. Berkley by 8,709.4% during the 1st quarter. GAMMA Investing LLC now owns 671,893 shares of the insurance provider’s stock valued at $47,812,000 after acquiring an additional 664,266 shares in the last quarter. 68.82% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

WRB has been the topic of several research reports. The Goldman Sachs Group lowered W.R. Berkley from a “strong-buy” rating to a “hold” rating and upped their price target for the company from $74.00 to $76.00 in a research report on Thursday, May 22nd. Bank of America restated a “neutral” rating and set a $74.00 price objective (up from $73.00) on shares of W.R. Berkley in a research note on Tuesday, April 1st. Wall Street Zen downgraded W.R. Berkley from a “buy” rating to a “hold” rating in a research note on Wednesday, May 21st. Barclays upped their price objective on W.R. Berkley from $52.00 to $62.00 and gave the stock an “underweight” rating in a research note on Friday, April 11th. Finally, Truist Financial upped their price objective on W.R. Berkley from $68.00 to $80.00 and gave the stock a “buy” rating in a research note on Thursday, April 3rd. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $70.64.

W.R. Berkley Price Performance

Shares of WRB opened at $72.70 on Friday. The firm has a market capitalization of $27.58 billion, a price-to-earnings ratio of 16.87, a price-to-earnings-growth ratio of 2.50 and a beta of 0.42. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.36 and a current ratio of 0.36. W.R. Berkley Corporation has a one year low of $51.41 and a one year high of $76.38. The stock’s fifty day moving average is $72.16 and its 200-day moving average is $65.22.

W.R. Berkley (NYSE:WRB) last issued its quarterly earnings results 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 business had revenue of $3.01 billion for the quarter, compared to analyst estimates of $3.01 billion. W.R. Berkley had a net margin of 12.43% and a return on equity of 19.66%. Equities analysts anticipate that W.R. Berkley Corporation will post 4.33 EPS for the current year.

W.R. Berkley Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 23rd will be issued a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.50%. This is a positive change from W.R. Berkley’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend is Monday, June 23rd. W.R. Berkley’s dividend payout ratio (DPR) is 7.42%.

W.R. Berkley 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.