W. R. Berkley Co. (NYSE:WRB) Shares Purchased by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. boosted its holdings in shares of W. R. Berkley Co. (NYSE:WRB) by 0.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 738,051 shares of the insurance provider’s stock after buying an additional 579 shares during the period. Sumitomo Mitsui Trust Group Inc. owned approximately 0.19% of W. R. Berkley worth $43,191,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in WRB. Armstrong Advisory Group Inc. raised its position in shares of W. R. Berkley by 51.0% in the 3rd quarter. Armstrong Advisory Group Inc. now owns 619 shares of the insurance provider’s stock valued at $35,000 after purchasing an additional 209 shares during the last quarter. PFS Partners LLC increased its stake in W. R. Berkley by 51.1% during the 3rd quarter. PFS Partners LLC now owns 719 shares of the insurance provider’s stock valued at $41,000 after purchasing an additional 243 shares in the last quarter. Creative Financial Designs Inc. ADV raised its holdings in shares of W. R. Berkley by 108.1% in 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. Coastline Trust Co acquired a new stake in shares of W. R. Berkley during the third quarter worth $47,000. Finally, Brooklyn Investment Group acquired a new position in shares of W. R. Berkley in the 3rd quarter valued at $48,000. 68.82% of the stock is currently owned by hedge funds and other institutional investors.

W. R. Berkley Stock Performance

Shares of WRB stock opened at $60.79 on Tuesday. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 0.34. W. R. Berkley Co. has a 12-month low of $50.73 and a 12-month high of $65.49. The business’s 50 day moving average is $59.52 and its two-hundred day moving average is $58.84. The company has a market capitalization of $23.16 billion, a P/E ratio of 13.93, a P/E/G ratio of 1.59 and a beta of 0.67.

W. R. Berkley (NYSE:WRB) last released its quarterly earnings results on Monday, January 27th. The insurance provider reported $1.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.95 by $0.18. W. R. Berkley had a net margin of 12.88% and a return on equity of 20.83%. Analysts expect that W. R. Berkley Co. will post 4.35 EPS for the current fiscal year.

W. R. Berkley Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Monday, December 16th were given a dividend of $0.08 per share. The ex-dividend date of this dividend was Monday, December 16th. This represents a $0.32 annualized dividend and a dividend yield of 0.53%. W. R. Berkley’s dividend payout ratio (DPR) is presently 7.34%.

Wall Street Analyst Weigh In

WRB has been the subject of a number of research reports. Bank of America lifted their price target on W. R. Berkley from $73.00 to $76.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. Morgan Stanley started coverage on W. R. Berkley in a report on Thursday, December 5th. They set an “equal weight” rating and a $65.00 target price for the company. StockNews.com lowered shares of W. R. Berkley from a “buy” rating to a “hold” rating in a research report on Thursday, February 6th. Truist Financial upped their price objective on shares of W. R. Berkley from $64.00 to $68.00 and gave the company a “buy” rating in a report on Thursday, October 17th. Finally, Royal Bank of Canada reissued a “sector perform” rating and set a $63.00 target price on shares of W. R. Berkley in a report on Tuesday, January 28th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, W. R. Berkley currently has an average rating of “Hold” and a consensus target price of $64.36.

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.