Deutsche Bank AG Has $41.11 Million Holdings in W. R. Berkley Co. (NYSE:WRB)

Deutsche Bank AG raised its holdings in W. R. Berkley Co. (NYSE:WRBGet Rating) by 30.5% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 602,188 shares of the insurance provider’s stock after acquiring an additional 140,856 shares during the quarter. Deutsche Bank AG’s holdings in W. R. Berkley were worth $41,105,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. UBS Group AG lifted its stake in W. R. Berkley by 56.6% in the second quarter. UBS Group AG now owns 486,537 shares of the insurance provider’s stock valued at $33,211,000 after buying an additional 175,909 shares during the period. Martingale Asset Management L P raised its position in shares of W. R. Berkley by 77.4% during the second quarter. Martingale Asset Management L P now owns 92,369 shares of the insurance provider’s stock worth $6,306,000 after purchasing an additional 40,306 shares during the period. Capital Asset Advisory Services LLC raised its position in shares of W. R. Berkley by 1.6% during the second quarter. Capital Asset Advisory Services LLC now owns 19,380 shares of the insurance provider’s stock worth $1,335,000 after purchasing an additional 299 shares during the period. Bank of Montreal Can raised its position in shares of W. R. Berkley by 54.5% during the second quarter. Bank of Montreal Can now owns 242,056 shares of the insurance provider’s stock worth $17,207,000 after purchasing an additional 85,426 shares during the period. Finally, Horizon Investment Services LLC acquired a new position in shares of W. R. Berkley during the second quarter worth approximately $864,000. 69.05% of the stock is owned by institutional investors and hedge funds.

W. R. Berkley Price Performance

Shares of W. R. Berkley stock opened at $74.38 on Thursday. The stock has a 50 day moving average of $69.82 and a 200 day moving average of $67.70. W. R. Berkley Co. has a 12 month low of $50.44 and a 12 month high of $76.06. The firm has a market cap of $19.75 billion, a PE ratio of 16.03, a PEG ratio of 1.92 and a beta of 0.64. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.45.

W. R. Berkley (NYSE:WRBGet Rating) last announced its quarterly earnings results on Monday, October 24th. The insurance provider reported $1.01 EPS for the quarter, beating analysts’ consensus estimates of $0.85 by $0.16. The company had revenue of $2.44 billion during the quarter, compared to analyst estimates of $2.44 billion. W. R. Berkley had a return on equity of 17.98% and a net margin of 12.05%. The firm’s revenue was up 17.3% on a year-over-year basis. During the same period in the prior year, the company earned $0.88 earnings per share. On average, research analysts expect that W. R. Berkley Co. will post 4.29 EPS for the current fiscal year.

W. R. Berkley Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, October 3rd. Stockholders of record on Monday, September 26th were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.54%. The ex-dividend date was Friday, September 23rd. W. R. Berkley’s payout ratio is 8.62%.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Keefe, Bruyette & Woods raised W. R. Berkley from a “market perform” rating to an “outperform” rating and upped their target price for the stock from $77.00 to $80.00 in a research report on Monday, September 5th. UBS Group upped their target price on W. R. Berkley to $84.00 in a research report on Friday, November 4th. Wells Fargo & Company upped their target price on W. R. Berkley from $83.00 to $85.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 12th. Royal Bank of Canada upped their target price on W. R. Berkley from $75.00 to $81.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 25th. Finally, Morgan Stanley upped their price objective on W. R. Berkley from $72.00 to $75.00 and gave the company an “equal weight” rating in a research note on Tuesday. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, W. R. Berkley currently has an average rating of “Moderate Buy” and a consensus price target of $77.64.

W. R. Berkley Profile

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W. R. Berkley Corporation, an insurance holding company, operates as a commercial lines writer in the United States and internationally. It operates in two segments, Insurance and Reinsurance & Monoline Excess. The Insurance segment underwrites commercial insurance business, including premises operations, commercial automobile, property, products liability, and general and professional liability lines.

Further Reading

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Institutional Ownership by Quarter for W. R. Berkley (NYSE:WRB)

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