Greenleaf Trust Purchases 418 Shares of W. R. Berkley Co. (NYSE:WRB)

Greenleaf Trust grew its position in W. R. Berkley Co. (NYSE:WRB) by 8.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,103 shares of the insurance provider’s stock after purchasing an additional 418 shares during the period. Greenleaf Trust’s holdings in W. R. Berkley were worth $361,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Bruce G. Allen Investments LLC bought a new stake in shares of W. R. Berkley in the fourth quarter valued at about $25,000. Parkside Financial Bank & Trust lifted its holdings in shares of 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. lifted its holdings in shares of 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 bought a new stake in shares of W. R. Berkley in the third quarter valued at about $27,000. Finally, McGlone Suttner Wealth Management Inc. bought a new stake in shares of W. R. Berkley in the fourth quarter valued at about $48,000. 68.82% of the stock is currently owned by institutional investors.

W. R. Berkley Price Performance

Shares of NYSE WRB opened at $79.10 on Wednesday. W. R. Berkley Co. has a twelve month low of $55.50 and a twelve month high of $89.18. The business’s 50 day moving average price is $84.55 and its two-hundred day moving average price is $76.20. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.38. The company has a market cap of $20.29 billion, a PE ratio of 15.63, a price-to-earnings-growth ratio of 1.54 and a beta of 0.57.

W. R. Berkley (NYSE:WRB) last posted its earnings results on Tuesday, April 23rd. The insurance provider reported $1.56 EPS for the quarter, beating the consensus estimate of $1.49 by $0.07. W. R. Berkley had a return on equity of 19.03% and a net margin of 11.38%. The company had revenue of $2.76 billion for the quarter, compared to the consensus estimate of $2.77 billion. During the same quarter in the prior year, the business earned $1.00 earnings per share. The firm’s revenue for the quarter was up 11.0% on a year-over-year basis. On average, analysts predict that W. R. Berkley Co. will post 5.94 EPS for the current year.

W. R. Berkley Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 13th. Stockholders of record on Monday, March 4th were given a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 0.56%. The ex-dividend date was Friday, March 1st. W. R. Berkley’s payout ratio is 8.70%.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Evercore ISI lifted their target price on W. R. Berkley from $83.00 to $89.00 and gave the company an “in-line” rating in a research report on Thursday, April 11th. Royal Bank of Canada lifted their target price on W. R. Berkley from $73.00 to $79.00 and gave the company a “sector perform” rating in a research report on Thursday, January 25th. StockNews.com downgraded W. R. Berkley from a “buy” rating to a “hold” rating in a research report on Thursday, April 11th. The Goldman Sachs Group lifted their target price on W. R. Berkley from $86.00 to $95.00 and gave the company a “buy” rating in a research report on Friday, April 12th. Finally, Truist Financial lifted their target price on W. R. Berkley from $83.00 to $95.00 and gave the company a “buy” rating in a research report on Thursday, January 25th. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $89.88.

W. R. Berkley 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.