Cassaday & Co Wealth Management LLC Has $334,000 Holdings in W. R. Berkley Co. (NYSE:WRB)

Cassaday & Co Wealth Management LLC grew its holdings in W. R. Berkley Co. (NYSE:WRB) by 71.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 5,880 shares of the insurance provider’s stock after purchasing an additional 2,458 shares during the quarter. Cassaday & Co Wealth Management LLC’s holdings in W. R. Berkley were worth $334,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of WRB. Armstrong Advisory Group Inc. raised its position in shares of W. R. Berkley by 51.0% during the 3rd quarter. Armstrong Advisory Group Inc. now owns 619 shares of the insurance provider’s stock valued at $35,000 after acquiring an additional 209 shares during the last quarter. PFS Partners LLC increased its holdings in W. R. Berkley by 51.1% in the third quarter. PFS Partners LLC now owns 719 shares of the insurance provider’s stock valued at $41,000 after purchasing an additional 243 shares during the last quarter. Quarry LP acquired a new position in W. R. Berkley in the second quarter valued at about $42,000. Creative Financial Designs Inc. ADV boosted its holdings in W. R. Berkley by 108.1% during the third quarter. Creative Financial Designs Inc. ADV now owns 801 shares of the insurance provider’s stock worth $45,000 after buying an additional 416 shares during the last quarter. Finally, Kiely Wealth Advisory Group Inc. grew its position in shares of W. R. Berkley by 49.9% during the 2nd quarter. Kiely Wealth Advisory Group Inc. now owns 580 shares of the insurance provider’s stock worth $46,000 after buying an additional 193 shares during the period. 68.82% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms recently weighed in on WRB. Royal Bank of Canada lifted their price objective on shares of W. R. Berkley from $57.00 to $63.00 and gave the stock a “sector perform” rating in a research note on Tuesday, October 22nd. Evercore ISI boosted their price target on shares of W. R. Berkley from $57.00 to $60.00 and gave the company an “in-line” rating in a report on Tuesday, October 22nd. Truist Financial raised their price objective on W. R. Berkley from $64.00 to $68.00 and gave the stock a “buy” rating in a research note on Thursday, October 17th. Jefferies Financial Group boosted their target price on W. R. Berkley from $53.00 to $57.00 and gave the company a “hold” rating in a research note on Wednesday, October 9th. Finally, UBS Group raised their price target on W. R. Berkley from $67.00 to $69.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. One research analyst has rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $63.08.

W. R. Berkley Trading Up 0.1 %

NYSE WRB opened at $60.83 on Tuesday. The stock has a market capitalization of $23.18 billion, a price-to-earnings ratio of 15.60, a PEG ratio of 1.21 and a beta of 0.62. W. R. Berkley Co. has a 52 week low of $45.75 and a 52 week high of $61.96. The stock’s 50 day moving average price is $58.46 and its two-hundred day moving average price is $56.21. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.36 and a current ratio of 0.36.

W. R. Berkley (NYSE:WRB) last announced its quarterly earnings data on Monday, October 21st. The insurance provider reported $0.93 EPS for the quarter, topping analysts’ consensus estimates of $0.92 by $0.01. The business had revenue of $2.93 billion for the quarter, compared to analyst estimates of $2.93 billion. W. R. Berkley had a net margin of 11.96% and a return on equity of 20.41%. The firm’s revenue for the quarter was up 10.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.90 earnings per share. As a group, analysts anticipate that W. R. Berkley Co. will post 3.96 earnings per share for the current fiscal year.

W. R. Berkley Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 23rd were issued a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 0.53%. The ex-dividend date was Monday, September 23rd. W. R. Berkley’s payout ratio is 8.21%.

About W. R. Berkley

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.