Everpar Advisors LLC Purchases New Stake in W. R. Berkley Co. (NYSE:WRB)

Everpar Advisors LLC bought a new stake in W. R. Berkley Co. (NYSE:WRB) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 16,062 shares of the insurance provider’s stock, valued at approximately $1,136,000.

Several other institutional investors also recently made changes to their positions in WRB. Bruce G. Allen Investments LLC acquired a new stake in W. R. Berkley in the fourth quarter valued at $25,000. Parkside Financial Bank & Trust grew its stake in W. R. Berkley by 106.1% in the 3rd quarter. Parkside Financial Bank & Trust now owns 406 shares of the insurance provider’s stock valued at $26,000 after acquiring an additional 209 shares during the last quarter. Raleigh Capital Management Inc. increased its holdings in W. R. Berkley by 132.6% during the 3rd quarter. Raleigh Capital Management Inc. now owns 414 shares of the insurance provider’s stock valued at $26,000 after acquiring an additional 236 shares in the last quarter. VisionPoint Advisory Group LLC acquired a new position in W. R. Berkley during the third quarter worth about $27,000. Finally, Lindbrook Capital LLC lifted its holdings in shares of W. R. Berkley by 70.6% in the fourth quarter. Lindbrook Capital LLC now owns 580 shares of the insurance provider’s stock valued at $41,000 after purchasing an additional 240 shares in the last quarter. 68.82% of the stock is currently owned by hedge funds and other institutional investors.

W. R. Berkley Trading Up 0.0 %

Shares of WRB traded up $0.01 during mid-day trading on Wednesday, hitting $78.56. The company had a trading volume of 846,669 shares, compared to its average volume of 1,260,641. W. R. Berkley Co. has a 1-year low of $55.50 and a 1-year high of $89.18. The business’s 50-day simple moving average is $83.30 and its 200-day simple moving average is $77.18. The stock has a market cap of $20.15 billion, a PE ratio of 13.93, a P/E/G ratio of 1.49 and a beta of 0.60. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.38.

W. R. Berkley (NYSE:WRB) last announced its quarterly earnings results on Tuesday, April 23rd. The insurance provider reported $1.56 earnings per share for the quarter, beating analysts’ consensus estimates of $1.46 by $0.10. The company had revenue of $2.76 billion for the quarter, compared to analyst estimates of $2.77 billion. W. R. Berkley had a net margin of 12.23% and a return on equity of 21.01%. W. R. Berkley’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same quarter last year, the business earned $1.00 EPS. Sell-side analysts forecast that W. R. Berkley Co. will post 5.87 earnings per share for the current year.

W. R. Berkley Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 13th. Stockholders of record on Monday, March 4th were issued a $0.11 dividend. The ex-dividend date was Friday, March 1st. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.56%. W. R. Berkley’s dividend payout ratio (DPR) is 7.80%.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on WRB shares. Truist Financial cut their price objective on W. R. Berkley from $95.00 to $93.00 and set a “buy” rating for the company in a research report on Wednesday, April 24th. BMO Capital Markets decreased their price objective on W. R. Berkley from $93.00 to $87.00 and set a “market perform” rating on the stock in a research note on Wednesday, April 24th. Keefe, Bruyette & Woods cut their target price on shares of W. R. Berkley from $88.00 to $86.00 and set a “market perform” rating for the company in a research note on Friday, May 3rd. UBS Group raised their price target on shares of W. R. Berkley from $81.00 to $93.00 and gave the stock a “buy” rating in a research note on Tuesday, January 30th. Finally, StockNews.com raised shares of W. R. Berkley from a “hold” rating to a “buy” rating in a research report on Saturday. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $90.38.

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.