BNP Paribas Financial Markets Acquires 172,398 Shares of W. R. Berkley Co. (NYSE:WRB)

BNP Paribas Financial Markets boosted its holdings in W. R. Berkley Co. (NYSE:WRBFree Report) by 175.6% in the 4th quarter, HoldingsChannel.com reports. The firm owned 270,570 shares of the insurance provider’s stock after purchasing an additional 172,398 shares during the period. BNP Paribas Financial Markets’ holdings in W. R. Berkley were worth $19,135,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in WRB. Bruce G. Allen Investments LLC bought a new stake in shares of W. R. Berkley in the 4th quarter valued at about $25,000. Parkside Financial Bank & Trust lifted its position 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 during the last quarter. Raleigh Capital Management Inc. boosted its stake in shares of W. R. Berkley by 132.6% during 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 during the period. VisionPoint Advisory Group LLC bought a new position in shares of W. R. Berkley in the third quarter worth approximately $27,000. Finally, Lindbrook Capital LLC increased its stake in shares of W. R. Berkley by 70.6% in the fourth quarter. Lindbrook Capital LLC now owns 580 shares of the insurance provider’s stock worth $41,000 after buying an additional 240 shares during the period. 68.82% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

WRB has been the topic of a number of analyst reports. StockNews.com upgraded shares of W. R. Berkley from a “hold” rating to a “buy” rating in a research report on Saturday, May 4th. BMO Capital Markets cut their price objective on W. R. Berkley from $93.00 to $87.00 and set a “market perform” rating on the stock in a research report on Wednesday, April 24th. Wells Fargo & Company decreased their target price 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. Keefe, Bruyette & Woods reduced their price objective on shares of W. R. Berkley from $88.00 to $86.00 and set a “market perform” rating on the stock in a research report on Friday, May 3rd. Finally, UBS Group raised their target price on shares of W. R. Berkley from $81.00 to $93.00 and gave the stock a “buy” rating in a research report on Tuesday, January 30th. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $90.38.

Get Our Latest Stock Report on WRB

W. R. Berkley Stock Up 0.3 %

Shares of W. R. Berkley stock opened at $78.83 on Wednesday. W. R. Berkley Co. has a 1 year low of $55.50 and a 1 year high of $89.18. 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 company has a 50-day moving average of $82.94 and a 200 day moving average of $77.63. The firm has a market cap of $20.15 billion, a price-to-earnings ratio of 13.98, a PEG ratio of 1.51 and a beta of 0.60.

W. R. Berkley (NYSE:WRBGet Free Report) last issued its quarterly earnings results on Tuesday, April 23rd. The insurance provider reported $1.56 EPS for the quarter, topping analysts’ consensus estimates of $1.46 by $0.10. The firm had revenue of $2.76 billion for 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%. The business’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.00 EPS. As a group, sell-side analysts anticipate that W. R. Berkley Co. will post 5.85 earnings per share for the current fiscal year.

W. R. Berkley Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 13th. Investors of record on Monday, March 4th were given a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 0.56%. The ex-dividend date was Friday, March 1st. W. R. Berkley’s dividend payout ratio (DPR) is 7.80%.

W. R. Berkley 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.

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

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