Twin Capital Management Inc. Has $1.11 Million Stock Position in W. R. Berkley Co. (NYSE:WRB)

Twin Capital Management Inc. reduced its stake in shares of W. R. Berkley Co. (NYSE:WRB) by 2.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 15,673 shares of the insurance provider’s stock after selling 385 shares during the quarter. Twin Capital Management Inc.’s holdings in W. R. Berkley were worth $1,108,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of WRB. Morgan Stanley grew its holdings in shares of W. R. Berkley by 427.2% during the 4th quarter. Morgan Stanley now owns 10,899,093 shares of the insurance provider’s stock worth $790,947,000 after purchasing an additional 8,831,553 shares in the last quarter. Vanguard Group Inc. boosted its stake in W. R. Berkley by 55.3% in the first quarter. Vanguard Group Inc. now owns 24,331,473 shares of the insurance provider’s stock valued at $1,620,232,000 after buying an additional 8,664,707 shares in the last quarter. State Street Corp boosted its stake in W. R. Berkley by 65.6% in the first quarter. State Street Corp now owns 11,940,770 shares of the insurance provider’s stock valued at $795,136,000 after buying an additional 4,732,333 shares in the last quarter. Norges Bank acquired a new stake in W. R. Berkley in the fourth quarter valued at about $199,140,000. Finally, Invesco Ltd. boosted its stake in W. R. Berkley by 119.7% in the first quarter. Invesco Ltd. now owns 3,377,556 shares of the insurance provider’s stock valued at $224,911,000 after buying an additional 1,840,475 shares in the last quarter. 68.82% of the stock is owned by institutional investors and hedge funds.

W. R. Berkley Price Performance

Shares of WRB opened at $80.98 on Friday. W. R. Berkley Co. has a 1 year low of $55.50 and a 1 year high of $89.18. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.37 and a quick ratio of 0.37. The company has a market capitalization of $20.78 billion, a price-to-earnings ratio of 16.00, a price-to-earnings-growth ratio of 1.51 and a beta of 0.57. The business has a 50-day moving average of $84.49 and a 200-day moving average of $75.64.

W. R. Berkley (NYSE:WRB) last issued its quarterly earnings data on Wednesday, January 24th. The insurance provider reported $1.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.35 by $0.10. W. R. Berkley had a return on equity of 19.03% and a net margin of 11.38%. The company had revenue of $3.22 billion during the quarter, compared to the consensus estimate of $2.70 billion. During the same period last year, the company earned $1.16 earnings per share. The firm’s revenue was up 6.9% compared to the same quarter last year. As a group, equities research analysts anticipate that W. R. Berkley Co. will post 5.94 earnings per share for the current year.

W. R. Berkley Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 13th. Stockholders of record on Monday, March 4th were given a dividend of $0.11 per share. The ex-dividend date of this dividend was Friday, March 1st. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.54%. W. R. Berkley’s dividend payout ratio (DPR) is 8.70%.

Analysts Set New Price Targets

WRB has been the topic of several research analyst reports. The Goldman Sachs Group raised their price objective on W. R. Berkley from $86.00 to $95.00 and gave the company a “buy” rating in a research note on Friday, April 12th. Keefe, Bruyette & Woods raised their price objective on W. R. Berkley from $85.00 to $88.00 and gave the company a “market perform” rating in a research note on Wednesday, April 10th. BMO Capital Markets lifted their price target on W. R. Berkley from $71.00 to $81.00 and gave the company a “market perform” rating in a research note on Friday, January 26th. Wells Fargo & Company lifted their price target on W. R. Berkley from $92.00 to $99.00 and gave the company an “overweight” rating in a research note on Thursday, April 11th. Finally, StockNews.com lowered W. R. Berkley from a “buy” rating to a “hold” rating in a research note on Thursday, April 11th. Five research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, W. R. Berkley presently has a consensus rating of “Moderate Buy” and an average price target of $89.22.

About W. R. Berkley

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.