Insight Inv LLC Has $1.85 Million Stake in W. R. Berkley Co. (NYSE:WRB)

Insight Inv LLC increased its stake in shares of W. R. Berkley Co. (NYSE:WRB) by 3.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 31,662 shares of the insurance provider’s stock after purchasing an additional 956 shares during the quarter. Insight Inv LLC’s holdings in W. R. Berkley were worth $1,853,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in WRB. MML Investors Services LLC grew its holdings in shares of W. R. Berkley by 49.0% during the 3rd quarter. MML Investors Services LLC now owns 39,035 shares of the insurance provider’s stock valued at $2,214,000 after acquiring an additional 12,830 shares in the last quarter. GSA Capital Partners LLP purchased a new position in W. R. Berkley in the third quarter valued at about $732,000. Sumitomo Mitsui Trust Group Inc. increased its position in 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 stake in shares of W. R. Berkley by 104.1% during 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 purchasing an additional 2,118,641 shares in the last quarter. Finally, Sanctuary Advisors LLC acquired a new stake in shares of W. R. Berkley during the 2nd quarter valued at about $4,801,000. 68.82% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts recently weighed in on WRB shares. Evercore ISI raised their price objective on shares of W. R. Berkley from $57.00 to $60.00 and gave the company an “in-line” rating in a research report on Tuesday, October 22nd. Keefe, Bruyette & Woods reduced their price objective on shares of W. R. Berkley from $59.00 to $58.00 and set a “market perform” rating for the company in a research note on Tuesday, October 22nd. UBS Group increased their target price on shares of W. R. Berkley from $67.00 to $69.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. The Goldman Sachs Group raised 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. Finally, Jefferies Financial Group increased their price objective on W. R. Berkley from $53.00 to $57.00 and gave the company a “hold” rating in a report on Wednesday, October 9th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $63.74.

W. R. Berkley Stock Up 1.0 %

WRB opened at $57.51 on Friday. W. R. Berkley Co. has a 1-year low of $50.73 and a 1-year high of $65.49. The business has a 50 day moving average of $60.10 and a 200-day moving average of $58.53. The stock has a market capitalization of $21.91 billion, a price-to-earnings ratio of 14.73, a P/E/G ratio of 1.04 and a beta of 0.67. 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 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. The ex-dividend date was Monday, December 16th. This represents a $0.32 annualized dividend and a dividend yield of 0.56%. W. R. Berkley’s payout ratio is 8.21%.

W. R. Berkley Company 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.