Harbour Investments Inc. Has $203,000 Holdings in W. R. Berkley Co. (NYSE:WRB)

Harbour Investments Inc. decreased its position in W. R. Berkley Co. (NYSE:WRB) by 26.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,582 shares of the insurance provider’s stock after selling 1,266 shares during the quarter. Harbour Investments Inc.’s holdings in W. R. Berkley were worth $203,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Entropy Technologies LP bought a new stake in shares of W. R. Berkley in the third quarter worth $1,071,000. Apollon Wealth Management LLC boosted its stake in shares of W. R. Berkley by 50.8% during the 3rd quarter. Apollon Wealth Management LLC now owns 4,085 shares of the insurance provider’s stock worth $232,000 after buying an additional 1,377 shares during the last quarter. Nations Financial Group Inc. IA ADV grew its holdings in shares of W. R. Berkley by 53.8% in the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 16,666 shares of the insurance provider’s stock valued at $945,000 after acquiring an additional 5,830 shares in the last quarter. Venturi Wealth Management LLC increased its position in shares of W. R. Berkley by 136.7% in the third quarter. Venturi Wealth Management LLC now owns 12,161 shares of the insurance provider’s stock valued at $690,000 after acquiring an additional 7,024 shares during the last quarter. Finally, Gifford Fong Associates raised its holdings in W. R. Berkley by 50.0% during the third quarter. Gifford Fong Associates now owns 10,125 shares of the insurance provider’s stock worth $574,000 after acquiring an additional 3,375 shares in the last quarter. 68.82% of the stock is currently owned by institutional investors.

W. R. Berkley Price Performance

WRB stock opened at $60.74 on Monday. The company has a market capitalization of $23.15 billion, a P/E ratio of 15.56, a price-to-earnings-growth ratio of 1.21 and a beta of 0.62. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.36 and a current ratio of 0.36. W. R. Berkley Co. has a 52-week low of $45.75 and a 52-week high of $61.96. The business has a 50-day simple moving average of $58.46 and a two-hundred day simple moving average of $56.18.

W. R. Berkley (NYSE:WRB) last announced its earnings results on Monday, October 21st. The insurance provider reported $0.93 earnings per share for the quarter, topping 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 for the quarter, compared to the consensus estimate of $2.93 billion. During the same quarter in the previous year, the business earned $0.90 EPS. The company’s revenue was up 10.8% compared to the same quarter last year. Research analysts expect that W. R. Berkley Co. will post 3.96 EPS for the current fiscal year.

W. R. Berkley Announces Dividend

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

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. Evercore ISI raised their price target on W. R. Berkley from $57.00 to $60.00 and gave the company an “in-line” rating in a research note on Tuesday, October 22nd. 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. StockNews.com upgraded shares of W. R. Berkley from a “hold” rating to a “buy” rating in a research note on Tuesday, November 12th. Truist Financial upped their price target on shares of W. R. Berkley from $64.00 to $68.00 and gave the company a “buy” rating in a research note on Thursday, October 17th. Finally, Bank of America raised their price objective on shares of W. R. Berkley from $73.00 to $76.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. One research analyst has rated the stock with a sell rating, six have issued a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $63.08.

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.