W. R. Berkley Co. (NYSE:WRB) Shares Purchased by OneDigital Investment Advisors LLC

OneDigital Investment Advisors LLC raised its position in W. R. Berkley Co. (NYSE:WRB) by 43.6% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 17,464 shares of the insurance provider’s stock after purchasing an additional 5,304 shares during the period. OneDigital Investment Advisors LLC’s holdings in W. R. Berkley were worth $991,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Quarry LP acquired a new position in shares of W. R. Berkley during the 2nd quarter worth approximately $42,000. Covestor Ltd increased its position in W. R. Berkley by 173.0% during the 1st quarter. Covestor Ltd now owns 546 shares of the insurance provider’s stock worth $48,000 after purchasing an additional 346 shares in the last quarter. Kiely Wealth Advisory Group Inc. raised its stake in W. R. Berkley by 49.9% in the 2nd quarter. Kiely Wealth Advisory Group Inc. now owns 580 shares of the insurance provider’s stock valued at $46,000 after purchasing an additional 193 shares during the last quarter. Armstrong Advisory Group Inc. grew its holdings in shares of W. R. Berkley by 51.0% during the third quarter. Armstrong Advisory Group Inc. now owns 619 shares of the insurance provider’s stock worth $35,000 after buying an additional 209 shares in the last quarter. Finally, PFS Partners LLC raised its position in shares of W. R. Berkley by 51.1% in the third quarter. PFS Partners LLC now owns 719 shares of the insurance provider’s stock valued at $41,000 after buying an additional 243 shares during the last quarter. 68.82% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have weighed in on WRB. Truist Financial increased their price target on W. R. Berkley from $64.00 to $68.00 and gave the stock a “buy” rating in a research note on Thursday, October 17th. Jefferies Financial Group boosted their price objective on shares of W. R. Berkley from $53.00 to $57.00 and gave the company a “hold” rating in a research note on Wednesday, October 9th. Bank of America increased their target price on W. R. Berkley from $73.00 to $76.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. UBS Group lifted their price objective on W. R. Berkley from $67.00 to $69.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. Finally, Evercore ISI increased their target price on shares of W. R. Berkley from $57.00 to $60.00 and gave the stock an “in-line” rating in a research report on Tuesday, October 22nd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and six have given a buy rating to the company. According to MarketBeat.com, W. R. Berkley has a consensus rating of “Hold” and a consensus target price of $63.08.

W. R. Berkley Stock Up 0.1 %

Shares of NYSE WRB opened at $60.83 on Tuesday. 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 1 year low of $45.75 and a 1 year high of $61.96. The stock’s 50-day simple moving average is $58.46 and its 200-day simple moving average is $56.21. The firm has a market cap of $23.18 billion, a price-to-earnings ratio of 15.60, a PEG ratio of 1.21 and a beta of 0.62.

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

W. R. Berkley Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 23rd were paid a $0.08 dividend. The ex-dividend date of this dividend was Monday, September 23rd. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.53%. W. R. Berkley’s dividend payout ratio (DPR) is presently 8.21%.

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.