Trexquant Investment LP Grows Position in W. R. Berkley Co. (NYSE:WRB)

Trexquant Investment LP increased its position in shares of W. R. Berkley Co. (NYSE:WRBFree Report) by 8.1% during the fourth quarter, Holdings Channel reports. The institutional investor owned 65,665 shares of the insurance provider’s stock after buying an additional 4,928 shares during the quarter. Trexquant Investment LP’s holdings in W. R. Berkley were worth $4,644,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the company. Bruce G. Allen Investments LLC acquired a new position in W. R. Berkley in the fourth quarter valued at approximately $25,000. Parkside Financial Bank & Trust boosted its holdings in W. R. Berkley by 106.1% in the third quarter. Parkside Financial Bank & Trust now owns 406 shares of the insurance provider’s stock valued at $26,000 after purchasing an additional 209 shares in the last quarter. Raleigh Capital Management Inc. boosted its holdings in W. R. Berkley by 132.6% in the third quarter. Raleigh Capital Management Inc. now owns 414 shares of the insurance provider’s stock valued at $26,000 after purchasing an additional 236 shares in the last quarter. VisionPoint Advisory Group LLC acquired a new position in W. R. Berkley in the third quarter valued at approximately $27,000. Finally, Lindbrook Capital LLC boosted its holdings in W. R. Berkley by 70.6% in the fourth quarter. Lindbrook Capital LLC now owns 580 shares of the insurance provider’s stock valued at $41,000 after purchasing an additional 240 shares in 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 equities analysts recently issued reports on the company. Truist Financial lowered their price target on W. R. Berkley from $95.00 to $93.00 and set a “buy” rating for the company in a report on Wednesday, April 24th. Keefe, Bruyette & Woods decreased their price objective on W. R. Berkley from $88.00 to $86.00 and set a “market perform” rating for the company in a report on Friday, May 3rd. UBS Group increased their price objective on W. R. Berkley from $81.00 to $93.00 and gave the company a “buy” rating in a report on Tuesday, January 30th. BMO Capital Markets decreased their price objective on W. R. Berkley from $93.00 to $87.00 and set a “market perform” rating for the company in a report on Wednesday, April 24th. Finally, Wells Fargo & Company decreased their price objective on W. R. Berkley from $99.00 to $94.00 and set an “overweight” rating for the company in a report on Wednesday, April 24th. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, W. R. Berkley has an average rating of “Moderate Buy” and a consensus target price of $90.38.

View Our Latest Stock Analysis on WRB

W. R. Berkley Price Performance

Shares of NYSE WRB opened at $80.09 on Thursday. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.36 and a quick ratio of 0.36. The stock has a fifty day moving average price of $82.24 and a 200 day moving average price of $78.04. W. R. Berkley Co. has a 1-year low of $55.50 and a 1-year high of $89.18. The company has a market cap of $20.48 billion, a PE ratio of 14.20, a P/E/G ratio of 1.03 and a beta of 0.60.

W. R. Berkley (NYSE:WRBGet Free Report) last released its quarterly earnings data on Tuesday, April 23rd. The insurance provider reported $1.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.46 by $0.10. The firm had revenue of $2.76 billion during the quarter, compared to analysts’ expectations of $2.77 billion. W. R. Berkley had a return on equity of 20.51% and a net margin of 12.23%. W. R. Berkley’s revenue was up 11.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.00 earnings per share. Sell-side analysts forecast that W. R. Berkley Co. will post 5.82 EPS for the current year.

W. R. Berkley Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 13th. Investors of record on Monday, March 4th were paid a $0.11 dividend. The ex-dividend date was Friday, March 1st. This represents a $0.44 dividend on an annualized basis and a yield of 0.55%. W. R. Berkley’s payout ratio is 7.80%.

W. R. Berkley Company Profile

(Free Report)

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.

See Also

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

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