Genesis Private Wealth LLC Purchases New Shares in W. R. Berkley Co. (NYSE:WRB)

Genesis Private Wealth LLC purchased a new stake in W. R. Berkley Co. (NYSE:WRB) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 8,037 shares of the insurance provider’s stock, valued at approximately $470,000.

Other hedge funds have also recently modified their holdings of the company. MML Investors Services LLC raised its position in shares of W. R. Berkley by 49.0% in the 3rd quarter. MML Investors Services LLC now owns 39,035 shares of the insurance provider’s stock worth $2,214,000 after purchasing an additional 12,830 shares during the last quarter. GSA Capital Partners LLP purchased a new position in shares of W. R. Berkley in the 3rd quarter worth about $732,000. Sumitomo Mitsui Trust Group Inc. raised its position in shares of W. R. Berkley by 53.6% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 737,472 shares of the insurance provider’s stock worth $41,837,000 after purchasing an additional 257,211 shares during the last quarter. The Manufacturers Life Insurance Company raised its position in W. R. Berkley by 104.1% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 4,154,783 shares of the insurance provider’s stock worth $235,701,000 after buying an additional 2,118,641 shares during the last quarter. Finally, Sanctuary Advisors LLC purchased a new position in W. R. Berkley in the 2nd quarter worth about $4,801,000. Institutional investors own 68.82% of the company’s stock.

W. R. Berkley Stock Down 0.5 %

Shares of NYSE WRB opened at $59.19 on Wednesday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.36 and a current ratio of 0.36. The firm has a market capitalization of $22.56 billion, a price-to-earnings ratio of 15.16, a PEG ratio of 1.05 and a beta of 0.67. The stock has a 50 day moving average price of $60.27 and a 200 day moving average price of $58.61. W. R. Berkley Co. has a 52-week low of $50.10 and a 52-week high of $65.49.

W. R. Berkley (NYSE:WRB) last issued 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 company had revenue of $2.93 billion during the quarter, compared to the consensus estimate of $2.93 billion. W. R. Berkley had a net margin of 11.96% and a return on equity of 20.41%. W. R. Berkley’s revenue for the quarter was up 10.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.90 earnings per share. Sell-side analysts expect that W. R. Berkley Co. will post 3.96 earnings per share for the current year.

W. R. Berkley Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Monday, December 16th were paid a dividend of $0.08 per share. The ex-dividend date was Monday, December 16th. This represents a $0.32 dividend on an annualized basis and a yield of 0.54%. W. R. Berkley’s payout ratio is 8.21%.

Analyst Ratings Changes

Several research firms have recently commented on WRB. Truist Financial upped their price target on shares of W. R. Berkley from $64.00 to $68.00 and gave the company a “buy” rating in a research report on Thursday, October 17th. UBS Group upped their price target on shares of W. R. Berkley from $67.00 to $69.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. StockNews.com lowered shares of W. R. Berkley from a “buy” rating to a “hold” rating in a research report on Thursday, January 16th. Bank of America upped their price target on shares of W. R. Berkley from $73.00 to $76.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. Finally, The Goldman Sachs Group raised shares of W. R. Berkley from a “neutral” rating to a “buy” rating and set a $69.00 price target for the company in a research report on Monday, November 25th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $63.74.

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.