Resonant Capital Advisors LLC Boosts Holdings in W.R. Berkley Corporation $WRB

Resonant Capital Advisors LLC grew its position in shares of W.R. Berkley Corporation (NYSE:WRB) by 5.2% in the second quarter, Holdings Channel reports. The institutional investor owned 19,334 shares of the insurance provider’s stock after buying an additional 958 shares during the period. Resonant Capital Advisors LLC’s holdings in W.R. Berkley were worth $1,420,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Hilltop National Bank acquired a new position in shares of W.R. Berkley during the second quarter worth about $27,000. Spectrum Wealth Counsel LLC acquired a new position in W.R. Berkley during the 1st quarter worth approximately $29,000. N.E.W. Advisory Services LLC purchased a new position in shares of W.R. Berkley during the 1st quarter worth approximately $36,000. Keystone Global Partners LLC acquired a new stake in shares of W.R. Berkley in the 1st quarter valued at approximately $41,000. Finally, Whipplewood Advisors LLC boosted its stake in shares of W.R. Berkley by 148.4% in the second quarter. Whipplewood Advisors LLC now owns 616 shares of the insurance provider’s stock valued at $45,000 after buying an additional 368 shares in the last quarter. Hedge funds and other institutional investors own 68.82% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. UBS Group set a $87.00 price target on shares of W.R. Berkley and gave the company a “buy” rating in a report on Wednesday, October 8th. Wolfe Research started coverage on shares of W.R. Berkley in a research note on Monday, September 15th. They issued a “peer perform” rating for the company. Weiss Ratings reiterated a “buy (b)” rating on shares of W.R. Berkley in a report on Friday. Jefferies Financial Group reduced their target price on W.R. Berkley from $76.00 to $75.00 and set a “hold” rating on the stock in a research report on Tuesday, October 21st. Finally, Cantor Fitzgerald restated an “overweight” rating on shares of W.R. Berkley in a report on Tuesday. Four research analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, W.R. Berkley presently has an average rating of “Hold” and a consensus price target of $74.77.

W.R. Berkley Price Performance

Shares of W.R. Berkley stock opened at $75.01 on Friday. The business’s fifty day moving average price is $74.02 and its 200 day moving average price is $72.15. W.R. Berkley Corporation has a twelve month low of $55.97 and a twelve month high of $78.48. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.31. The stock has a market capitalization of $28.45 billion, a P/E ratio of 15.76, a PEG ratio of 2.88 and a beta of 0.42.

W.R. Berkley (NYSE:WRB) last released its quarterly earnings data on Monday, October 20th. The insurance provider reported $1.10 EPS for the quarter, topping analysts’ consensus estimates of $1.07 by $0.03. The company had revenue of $3.16 billion for the quarter, compared to the consensus estimate of $3.16 billion. W.R. Berkley had a return on equity of 19.35% and a net margin of 13.01%.The company’s quarterly revenue was up 10.8% compared to the same quarter last year. During the same period last year, the business posted $0.93 EPS. As a group, research analysts anticipate that W.R. Berkley Corporation will post 4.33 earnings per share for the current year.

W.R. Berkley Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 22nd were issued a $0.09 dividend. The ex-dividend date was Monday, September 22nd. This represents a $0.36 annualized dividend and a yield of 0.5%. W.R. Berkley’s dividend payout ratio (DPR) is presently 7.56%.

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.