D.A. Davidson & CO. increased its holdings in W.R. Berkley Corporation (NYSE:WRB) by 1.2% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,836 shares of the insurance provider’s stock after buying an additional 67 shares during the period. D.A. Davidson & CO.’s holdings in W.R. Berkley Corporation were worth $403,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. World Asset Management Inc raised its position in shares of W.R. Berkley Corporation by 0.6% in the second quarter. World Asset Management Inc now owns 6,689 shares of the insurance provider’s stock worth $463,000 after buying an additional 39 shares in the last quarter. Burney Co. raised its position in shares of W.R. Berkley Corporation by 0.3% in the second quarter. Burney Co. now owns 41,928 shares of the insurance provider’s stock worth $2,902,000 after buying an additional 132 shares in the last quarter. US Bancorp DE raised its position in shares of W.R. Berkley Corporation by 1.9% in the second quarter. US Bancorp DE now owns 7,167 shares of the insurance provider’s stock worth $495,000 after buying an additional 137 shares in the last quarter. IFP Advisors Inc raised its position in shares of W.R. Berkley Corporation by 6.9% in the second quarter. IFP Advisors Inc now owns 2,207 shares of the insurance provider’s stock worth $153,000 after buying an additional 143 shares in the last quarter. Finally, Meiji Yasuda Asset Management Co Ltd. raised its position in shares of W.R. Berkley Corporation by 1.2% in the first quarter. Meiji Yasuda Asset Management Co Ltd. now owns 14,257 shares of the insurance provider’s stock worth $1,007,000 after buying an additional 170 shares in the last quarter. Institutional investors own 71.18% of the company’s stock.

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A number of equities research analysts recently issued reports on WRB shares. Royal Bank Of Canada reiterated a “hold” rating and issued a $72.00 price objective on shares of W.R. Berkley Corporation in a research report on Tuesday, August 29th. BidaskClub raised W.R. Berkley Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, June 20th. Zacks Investment Research cut W.R. Berkley Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, June 28th. Buckingham Research began coverage on W.R. Berkley Corporation in a research note on Monday, September 11th. They issued a “neutral” rating and a $67.00 target price on the stock. Finally, Keefe, Bruyette & Woods reissued a “neutral” rating on shares of W.R. Berkley Corporation in a research note on Sunday, September 3rd. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and one has issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $67.14.

W.R. Berkley Corporation (NYSE WRB) opened at 66.74 on Friday. The company has a 50-day moving average price of $66.79 and a 200-day moving average price of $68.57. The company has a market cap of $8.09 billion, a PE ratio of 14.17 and a beta of 0.88. W.R. Berkley Corporation has a 1-year low of $55.55 and a 1-year high of $73.17.

W.R. Berkley Corporation (NYSE:WRB) last announced its quarterly earnings results on Tuesday, July 25th. The insurance provider reported $0.65 EPS for the quarter, missing the consensus estimate of $0.75 by ($0.10). The company had revenue of $1.57 billion during the quarter, compared to analysts’ expectations of $1.61 billion. W.R. Berkley Corporation had a return on equity of 7.58% and a net margin of 7.86%. The firm’s revenue for the quarter was up .6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.82 EPS. On average, analysts expect that W.R. Berkley Corporation will post $2.98 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 4th. Shareholders of record on Wednesday, September 20th will be paid a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 0.84%. The ex-dividend date of this dividend is Tuesday, September 19th. W.R. Berkley Corporation’s payout ratio is currently 11.84%.

W.R. Berkley Corporation announced that its Board of Directors has approved a stock repurchase program on Tuesday, August 8th that authorizes the company to repurchase 10,000,000 outstanding shares. This repurchase authorization authorizes the insurance provider to reacquire shares of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s leadership believes its shares are undervalued.

W.R. Berkley Corporation Profile

W. R. Berkley Corporation is an insurance holding company. It operates through two segments: Insurance and Reinsurance-Global. The Insurance segment consists of its commercial insurance business operations, comprising excess and surplus lines, and admitted lines, throughout the United States, as well as its insurance business operations in the United Kingdom, Continental Europe, South America, Canada, Mexico, Scandinavia, Asia and Australia.

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

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