Daymark Wealth Partners LLC Sells 482 Shares of W. R. Berkley Co. (NYSE:WRB)

Daymark Wealth Partners LLC trimmed its holdings in W. R. Berkley Co. (NYSE:WRB) by 10.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,145 shares of the insurance provider’s stock after selling 482 shares during the quarter. Daymark Wealth Partners LLC’s holdings in W. R. Berkley were worth $243,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of WRB. Wedmont Private Capital lifted its holdings in W. R. Berkley by 2.3% during the 4th quarter. Wedmont Private Capital now owns 8,038 shares of the insurance provider’s stock valued at $456,000 after buying an additional 181 shares in the last quarter. Armstrong Advisory Group Inc. raised its stake in shares of W. R. Berkley by 51.0% during the third 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 in the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of W. R. Berkley by 1.8% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 13,631 shares of the insurance provider’s stock valued at $773,000 after purchasing an additional 242 shares during the period. PFS Partners LLC grew its stake in W. R. Berkley by 51.1% in the third quarter. PFS Partners LLC now owns 719 shares of the insurance provider’s stock worth $41,000 after purchasing an additional 243 shares in the last quarter. Finally, Raleigh Capital Management Inc. increased its holdings in W. R. Berkley by 45.6% during the 3rd quarter. Raleigh Capital Management Inc. now owns 843 shares of the insurance provider’s stock worth $48,000 after purchasing an additional 264 shares during the period. 68.82% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

WRB has been the subject of several recent research reports. UBS Group lifted their price objective on W. R. Berkley from $67.00 to $69.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. Bank of America increased their price objective on shares of W. R. Berkley from $73.00 to $76.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. Wells Fargo & Company reduced their price objective on shares of W. R. Berkley from $68.00 to $67.00 and set an “overweight” rating for the company in a research note on Tuesday, January 14th. Truist Financial increased their target price on W. R. Berkley from $64.00 to $68.00 and gave the company a “buy” rating in a research report on Thursday, October 17th. Finally, Morgan Stanley started coverage on W. R. Berkley in a research note on Thursday, December 5th. They set an “equal weight” rating and a $65.00 price objective for the company. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $63.74.

W. R. Berkley Stock Up 1.0 %

WRB stock opened at $57.51 on Friday. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 0.34. W. R. Berkley Co. has a 52 week low of $50.73 and a 52 week high of $65.49. The stock has a market capitalization of $21.91 billion, a PE ratio of 14.73, a price-to-earnings-growth ratio of 1.04 and a beta of 0.67. The firm has a 50 day moving average of $60.10 and a 200 day moving average of $58.67.

W. R. Berkley Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Monday, December 16th were issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.56%. The ex-dividend date of this dividend was Monday, December 16th. W. R. Berkley’s dividend payout ratio (DPR) is presently 8.20%.

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.