EverSource Wealth Advisors LLC Sells 314 Shares of W. R. Berkley Co. (NYSE:WRB)

EverSource Wealth Advisors LLC lowered its stake in W. R. Berkley Co. (NYSE:WRBFree Report) by 5.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,189 shares of the insurance provider’s stock after selling 314 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in W. R. Berkley were worth $329,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Clear Street Markets LLC raised its holdings in W. R. Berkley by 92.3% in the 1st quarter. Clear Street Markets LLC now owns 398 shares of the insurance provider’s stock valued at $25,000 after buying an additional 191 shares during the last quarter. Allworth Financial LP increased its position in W. R. Berkley by 287.9% during the 2nd quarter. Allworth Financial LP now owns 415 shares of the insurance provider’s stock valued at $25,000 after purchasing an additional 308 shares during the period. Resurgent Financial Advisors LLC acquired a new stake in W. R. Berkley during the 4th quarter valued at approximately $32,000. First Manhattan Co. increased its position in W. R. Berkley by 50.0% during the 1st quarter. First Manhattan Co. now owns 486 shares of the insurance provider’s stock valued at $32,000 after purchasing an additional 162 shares during the period. Finally, Farther Finance Advisors LLC increased its position in W. R. Berkley by 232.9% during the 2nd quarter. Farther Finance Advisors LLC now owns 496 shares of the insurance provider’s stock valued at $30,000 after purchasing an additional 347 shares during the period. Institutional investors own 66.34% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Wells Fargo & Company raised their price objective on shares of W. R. Berkley from $84.00 to $92.00 and gave the stock an “overweight” rating in a research report on Thursday. Truist Financial increased their target price on W. R. Berkley from $83.00 to $95.00 and gave the stock a “buy” rating in a report on Thursday. Royal Bank of Canada increased their target price on W. R. Berkley from $73.00 to $79.00 and gave the stock a “sector perform” rating in a report on Thursday. BMO Capital Markets increased their target price on W. R. Berkley from $71.00 to $81.00 and gave the stock a “market perform” rating in a report on Friday. Finally, StockNews.com initiated coverage on W. R. Berkley in a research note on Thursday, October 5th. They set a “buy” rating on the stock. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $82.38.

Read Our Latest Stock Report on WRB

W. R. Berkley Trading Down 2.2 %

Shares of NYSE:WRB traded down $1.81 during trading on Friday, reaching $81.46. 1,776,586 shares of the company traded hands, compared to its average volume of 1,311,894. The firm has a market capitalization of $21.01 billion, a price-to-earnings ratio of 16.31, a P/E/G ratio of 1.49 and a beta of 0.57. W. R. Berkley Co. has a 52-week low of $55.50 and a 52-week high of $85.01. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 0.41. The business’s fifty day moving average is $72.34 and its 200-day moving average is $66.64.

W. R. Berkley (NYSE:WRBGet Free Report) last announced its quarterly earnings results on Wednesday, January 24th. The insurance provider reported $1.45 EPS for the quarter, topping analysts’ consensus estimates of $1.35 by $0.10. W. R. Berkley had a return on equity of 19.40% and a net margin of 11.38%. The company had revenue of $3.22 billion during the quarter, compared to analyst estimates of $2.70 billion. During the same quarter last year, the firm posted $1.16 earnings per share. The firm’s revenue was up 6.9% on a year-over-year basis. As a group, analysts forecast that W. R. Berkley Co. will post 5.78 EPS for the current year.

W. R. Berkley Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 27th. Stockholders of record on Monday, December 18th were issued a dividend of $0.11 per share. The ex-dividend date of this dividend was Friday, December 15th. This represents a $0.44 annualized dividend and a dividend yield of 0.54%. W. R. Berkley’s payout ratio is presently 8.70%.

W. R. Berkley Company Profile

(Free Report)

W. R. Berkley Corporation, an insurance holding company, operates as a commercial lines writer in the United States and internationally. It operates in two segments, Insurance and Reinsurance & Monoline Excess. The Insurance segment underwrites commercial insurance business, including premises operations, commercial automobile, property, products liability, and general and professional liability lines.

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Institutional Ownership by Quarter for W. R. Berkley (NYSE:WRB)

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