CreativeOne Wealth LLC Makes New Investment in W. R. Berkley Co. (NYSE:WRB)

CreativeOne Wealth LLC bought a new position in W. R. Berkley Co. (NYSE:WRB) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 7,224 shares of the insurance provider’s stock, valued at approximately $410,000.

Other large investors have also recently added to or reduced their stakes in the company. Armstrong Advisory Group Inc. increased its position in W. R. Berkley by 51.0% in 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 during the period. PFS Partners LLC grew its stake 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 worth $41,000 after purchasing an additional 243 shares in the last quarter. Quarry LP bought a new position in shares of W. R. Berkley in the second quarter worth $42,000. Creative Financial Designs Inc. ADV grew its stake in shares of W. R. Berkley by 108.1% in the third quarter. Creative Financial Designs Inc. ADV now owns 801 shares of the insurance provider’s stock worth $45,000 after purchasing an additional 416 shares in the last quarter. Finally, Kiely Wealth Advisory Group Inc. grew its stake in shares of W. R. Berkley by 49.9% in the second quarter. Kiely Wealth Advisory Group Inc. now owns 580 shares of the insurance provider’s stock worth $46,000 after purchasing an additional 193 shares in the last quarter. 68.82% of the stock is owned by institutional investors and hedge funds.

W. R. Berkley Stock Down 0.6 %

Shares of W. R. Berkley stock opened at $64.55 on Monday. The stock has a 50-day moving average price of $59.41 and a 200 day moving average price of $56.94. The company has a market cap of $24.60 billion, a P/E ratio of 16.54, a P/E/G ratio of 1.25 and a beta of 0.62. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 0.34. W. R. Berkley Co. has a 1 year low of $45.75 and a 1 year high of $65.49.

W. R. Berkley (NYSE:WRB) last announced its quarterly earnings data on Monday, October 21st. The insurance provider reported $0.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.92 by $0.01. The firm had revenue of $2.93 billion during the quarter, compared to the consensus estimate 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 for the quarter was up 10.8% on a year-over-year basis. During the same period in the prior year, the business earned $0.90 EPS. As a group, analysts expect that W. R. Berkley Co. will post 3.94 EPS for the current fiscal year.

W. R. Berkley Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 23rd were paid a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.50%. The ex-dividend date was Monday, September 23rd. W. R. Berkley’s dividend payout ratio is currently 8.20%.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Royal Bank of Canada increased their price target on W. R. Berkley from $57.00 to $63.00 and gave the stock a “sector perform” rating in a research note on Tuesday, October 22nd. Wells Fargo & Company raised their target price on W. R. Berkley from $63.00 to $68.00 and gave the company an “overweight” rating in a research note on Tuesday, October 22nd. StockNews.com raised W. R. Berkley from a “hold” rating to a “buy” rating in a research note on Friday. UBS Group raised their target price 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, The Goldman Sachs Group raised W. R. Berkley from a “neutral” rating to a “buy” rating and set a $69.00 target price for the company in a research note on Monday, November 25th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $64.22.

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.