Atria Investments Inc Has $5.25 Million Stock Holdings in W. R. Berkley Co. (NYSE:WRB)

Atria Investments Inc grew its stake in shares of W. R. Berkley Co. (NYSE:WRB) by 49.9% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 92,574 shares of the insurance provider’s stock after purchasing an additional 30,833 shares during the quarter. Atria Investments Inc’s holdings in W. R. Berkley were worth $5,252,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Quantbot Technologies LP acquired a new position in W. R. Berkley during the first quarter worth $595,000. SG Americas Securities LLC grew its position in shares of W. R. Berkley by 201.3% in the 1st quarter. SG Americas Securities LLC now owns 34,963 shares of the insurance provider’s stock valued at $3,092,000 after acquiring an additional 23,358 shares during the period. Oppenheimer & Co. Inc. bought a new position in shares of W. R. Berkley in the 1st quarter valued at about $201,000. Forsta AP Fonden raised its holdings in shares of W. R. Berkley by 17.1% in the 1st quarter. Forsta AP Fonden now owns 47,900 shares of the insurance provider’s stock valued at $4,236,000 after purchasing an additional 7,000 shares during the period. Finally, Atomi Financial Group Inc. lifted its stake in W. R. Berkley by 7.0% in the 1st quarter. Atomi Financial Group Inc. now owns 4,152 shares of the insurance provider’s stock valued at $367,000 after purchasing an additional 273 shares during the last quarter. Institutional investors own 68.82% of the company’s stock.

W. R. Berkley Stock Down 0.2 %

NYSE WRB opened at $60.41 on Tuesday. The company has a market cap of $23.02 billion, a price-to-earnings ratio of 15.48, a PEG ratio of 1.20 and a beta of 0.62. W. R. Berkley Co. has a 1-year low of $45.30 and a 1-year high of $61.96. The company has a current ratio of 0.36, a quick ratio of 0.38 and a debt-to-equity ratio of 0.34. The company has a 50 day moving average of $58.40 and a 200-day moving average of $55.90.

W. R. Berkley (NYSE:WRB) last released its earnings results on Monday, October 21st. The insurance provider reported $0.93 earnings per share for the quarter, beating analysts’ consensus estimates of $0.92 by $0.01. W. R. Berkley had a return on equity of 20.41% and a net margin of 11.96%. The firm had revenue of $2.93 billion during the quarter, compared to the consensus estimate of $2.93 billion. During the same period in the prior year, the company posted $0.90 EPS. The company’s revenue was up 10.8% compared to the same quarter last year. On average, equities research analysts expect that W. R. Berkley Co. will post 3.96 earnings per share for the current fiscal year.

W. R. Berkley Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 23rd were given a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 0.53%. The ex-dividend date of this dividend was Monday, September 23rd. W. R. Berkley’s payout ratio is presently 8.20%.

Analyst Ratings Changes

Several analysts have issued reports on the company. Truist Financial upped their price objective on W. R. Berkley from $64.00 to $68.00 and gave the company a “buy” rating in a research note on Thursday, October 17th. Jefferies Financial Group increased their price target on W. R. Berkley from $53.00 to $57.00 and gave the company a “hold” rating in a research note on Wednesday, October 9th. Royal Bank of Canada lifted their price objective on shares of W. R. Berkley from $57.00 to $63.00 and gave the stock a “sector perform” rating in a research report on Tuesday, October 22nd. UBS Group increased their price objective on shares of W. R. Berkley from $67.00 to $69.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. Finally, Bank of America lifted their target price on shares of W. R. Berkley from $73.00 to $76.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $63.08.

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.