Janus Henderson Group PLC increased its position in shares of W. R. Berkley Corp (NYSE:WRB) by 51.4% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 7,106,715 shares of the insurance provider’s stock after acquiring an additional 2,412,693 shares during the period. Janus Henderson Group PLC owned about 3.88% of W. R. Berkley worth $468,545,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently modified their holdings of WRB. Boston Financial Mangement LLC acquired a new position in shares of W. R. Berkley in the 2nd quarter valued at about $19,136,000. Sumitomo Mitsui Trust Holdings Inc. lifted its stake in shares of W. R. Berkley by 60.1% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 740,586 shares of the insurance provider’s stock valued at $48,827,000 after purchasing an additional 278,032 shares during the period. Swiss National Bank lifted its stake in shares of W. R. Berkley by 46.4% in the 1st quarter. Swiss National Bank now owns 711,343 shares of the insurance provider’s stock valued at $60,265,000 after purchasing an additional 225,495 shares during the period. Confluence Investment Management LLC lifted its stake in shares of W. R. Berkley by 48.5% in the 2nd quarter. Confluence Investment Management LLC now owns 677,412 shares of the insurance provider’s stock valued at $44,662,000 after purchasing an additional 221,119 shares during the period. Finally, Scout Investments Inc. lifted its stake in shares of W. R. Berkley by 46.5% in the 2nd quarter. Scout Investments Inc. now owns 658,549 shares of the insurance provider’s stock valued at $43,418,000 after purchasing an additional 208,969 shares during the period. Institutional investors and hedge funds own 72.63% of the company’s stock.
WRB traded up $0.26 during midday trading on Tuesday, reaching $71.45. 2,250 shares of the company were exchanged, compared to its average volume of 602,620. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.48 and a current ratio of 0.48. The stock has a fifty day moving average of $68.28. The company has a market cap of $13.12 billion, a P/E ratio of 26.85, a price-to-earnings-growth ratio of 2.82 and a beta of 0.72. W. R. Berkley Corp has a one year low of $45.91 and a one year high of $72.62.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 3rd. Shareholders of record on Thursday, September 19th will be issued a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 0.62%. The ex-dividend date is Wednesday, September 18th. W. R. Berkley’s dividend payout ratio is currently 16.48%.
A number of research analysts have recently issued reports on the company. Boenning Scattergood reissued a “hold” rating on shares of W. R. Berkley in a research note on Wednesday, April 24th. UBS Group upped their price target on W. R. Berkley from $53.00 to $56.00 and gave the stock a “sell” rating in a research note on Wednesday, April 24th. Zacks Investment Research raised W. R. Berkley from a “hold” rating to a “buy” rating and set a $71.00 price target on the stock in a research note on Saturday, July 27th. Royal Bank of Canada upped their price target on W. R. Berkley to $68.00 and gave the stock a “sector perform” rating in a research note on Wednesday, July 24th. They noted that the move was a valuation call. Finally, Deutsche Bank downgraded W. R. Berkley from a “hold” rating to a “sell” rating and set a $65.71 price target on the stock. in a research note on Wednesday, June 26th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company’s stock. W. R. Berkley currently has an average rating of “Hold” and a consensus price target of $61.34.
In other W. R. Berkley news, Director Mark Ellwood Brockbank sold 77,000 shares of the business’s stock in a transaction that occurred on Thursday, June 20th. The stock was sold at an average price of $66.61, for a total transaction of $5,128,970.00. Following the completion of the sale, the director now directly owns 51,329 shares of the company’s stock, valued at approximately $3,419,024.69. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 21.70% of the company’s stock.
W. R. Berkley Company Profile
W. R. Berkley Corporation, an insurance holding company, operates as a commercial lines writer in the United States and internationally. It operates through two segments, Insurance and Reinsurance. The Insurance segment underwrites commercial insurance business, including premises operations, commercial automobile, property, products liability, and professional liability lines.
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