Squar Milner Financial Services LLC Has $224,000 Stake in W. R. Berkley Corp (NYSE:WRB)

Squar Milner Financial Services LLC grew its position in shares of W. R. Berkley Corp (NYSE:WRB) by 17.1% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 3,104 shares of the insurance provider’s stock after acquiring an additional 453 shares during the period. Squar Milner Financial Services LLC’s holdings in W. R. Berkley were worth $224,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Amundi Pioneer Asset Management Inc. lifted its stake in shares of W. R. Berkley by 70.3% in the first quarter. Amundi Pioneer Asset Management Inc. now owns 114,954 shares of the insurance provider’s stock worth $6,494,000 after buying an additional 47,470 shares in the last quarter. Dorsey Wright & Associates purchased a new position in shares of W. R. Berkley in the second quarter worth about $1,721,000. DNB Asset Management AS lifted its stake in shares of W. R. Berkley by 20.0% in the second quarter. DNB Asset Management AS now owns 13,744 shares of the insurance provider’s stock worth $906,000 after buying an additional 2,289 shares in the last quarter. WINTON GROUP Ltd lifted its stake in shares of W. R. Berkley by 45.1% in the second quarter. WINTON GROUP Ltd now owns 213,831 shares of the insurance provider’s stock worth $14,098,000 after buying an additional 66,492 shares in the last quarter. Finally, PhiloSmith Capital Corp lifted its stake in shares of W. R. Berkley by 50.0% in the second quarter. PhiloSmith Capital Corp now owns 156,615 shares of the insurance provider’s stock worth $10,326,000 after buying an additional 52,205 shares in the last quarter. Institutional investors and hedge funds own 70.69% of the company’s stock.

WRB stock traded down $0.96 during trading on Thursday, reaching $70.91. 9,292 shares of the stock were exchanged, compared to its average volume of 533,552. The company has a current ratio of 0.48, a quick ratio of 0.48 and a debt-to-equity ratio of 0.46. The business has a 50 day moving average price of $71.48 and a 200-day moving average price of $66.78. W. R. Berkley Corp has a 1 year low of $45.91 and a 1 year high of $77.54. The firm has a market capitalization of $12.42 billion, a price-to-earnings ratio of 26.61, a P/E/G ratio of 2.64 and a beta of 0.68.

W. R. Berkley (NYSE:WRB) last issued its earnings results on Tuesday, October 22nd. The insurance provider reported $0.85 EPS for the quarter, topping analysts’ consensus estimates of $0.67 by $0.18. W. R. Berkley had a net margin of 8.82% and a return on equity of 10.75%. The company had revenue of $1.68 billion for the quarter, compared to the consensus estimate of $1.67 billion. During the same period in the previous year, the firm earned $0.84 earnings per share. W. R. Berkley’s quarterly revenue was up 4.6% compared to the same quarter last year. On average, research analysts anticipate that W. R. Berkley Corp will post 2.85 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Thursday, October 3rd. Shareholders of record on Thursday, September 19th were paid 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 of this dividend was Wednesday, September 18th. W. R. Berkley’s dividend payout ratio (DPR) is presently 16.48%.

WRB has been the topic of several research reports. Zacks Investment Research raised shares of W. R. Berkley from a “hold” rating to a “buy” rating and set a $74.00 price target on the stock in a research note on Saturday, October 19th. Morgan Stanley raised their price target on shares of W. R. Berkley from $63.00 to $73.00 and gave the stock an “equal weight” rating in a research note on Wednesday, August 14th. Royal Bank of Canada raised their price target on shares of 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. Buckingham Research raised their price target on shares of W. R. Berkley from $63.00 to $64.00 and gave the stock a “neutral” rating in a research note on Thursday, September 12th. Finally, Deutsche Bank downgraded shares of 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. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $65.63.

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

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