TD Private Client Wealth LLC Decreases Stock Holdings in W. R. Berkley Co. (NYSE:WRB)

TD Private Client Wealth LLC reduced its holdings in shares of W. R. Berkley Co. (NYSE:WRB) by 2.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 43,458 shares of the insurance provider’s stock after selling 1,128 shares during the quarter. TD Private Client Wealth LLC’s holdings in W. R. Berkley were worth $2,543,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. State Street Corp grew its stake in W. R. Berkley by 48.6% during the third quarter. State Street Corp now owns 15,121,001 shares of the insurance provider’s stock worth $857,814,000 after buying an additional 4,947,830 shares during the period. Janus Henderson Group PLC lifted its position in shares of W. R. Berkley by 51.0% during the third quarter. Janus Henderson Group PLC now owns 11,321,958 shares of the insurance provider’s stock worth $642,294,000 after purchasing an additional 3,825,238 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of W. R. Berkley by 47.9% during the third quarter. Geode Capital Management LLC now owns 7,591,353 shares of the insurance provider’s stock worth $429,266,000 after purchasing an additional 2,459,073 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of W. R. Berkley by 55.1% during the third quarter. JPMorgan Chase & Co. now owns 7,366,424 shares of the insurance provider’s stock worth $417,897,000 after purchasing an additional 2,616,227 shares in the last quarter. Finally, The Manufacturers Life Insurance Company lifted its position in shares of W. R. Berkley by 104.1% during the third quarter. The Manufacturers Life Insurance Company now owns 4,154,783 shares of the insurance provider’s stock worth $235,701,000 after purchasing an additional 2,118,641 shares in the last quarter. 68.82% of the stock is currently owned by hedge funds and other institutional investors.

W. R. Berkley Trading Down 0.6 %

W. R. Berkley stock opened at $63.21 on Friday. The firm’s 50-day moving average is $60.99 and its 200-day moving average is $59.92. 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 $50.73 and a 1 year high of $65.49. The company has a market cap of $23.97 billion, a P/E ratio of 14.49, a PEG ratio of 1.56 and a beta of 0.63.

W. R. Berkley (NYSE:WRB) last released its quarterly earnings data on Monday, January 27th. The insurance provider reported $1.13 earnings per share for the quarter, topping analysts’ consensus estimates of $0.95 by $0.18. W. R. Berkley had a net margin of 12.88% and a return on equity of 20.83%. On average, equities analysts expect that W. R. Berkley Co. will post 4.33 earnings per share for the current year.

W. R. Berkley Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Monday, March 3rd were issued a $0.08 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.51%. W. R. Berkley’s dividend payout ratio (DPR) is presently 7.34%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on WRB shares. Keefe, Bruyette & Woods boosted their target price on shares of W. R. Berkley from $60.00 to $61.00 and gave the stock a “market perform” rating in a research report on Tuesday, January 28th. StockNews.com cut shares of W. R. Berkley from a “buy” rating to a “hold” rating in a research report on Tuesday. The Goldman Sachs Group raised shares of W. R. Berkley from a “neutral” rating to a “buy” rating and set a $69.00 price target on the stock in a report on Monday, November 25th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $63.00 price target on shares of W. R. Berkley in a report on Tuesday, January 28th. Finally, Barclays upped their price target on shares of W. R. Berkley from $50.00 to $52.00 and gave the company an “underweight” rating in a report on Tuesday, January 28th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $64.36.

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.