Tokio Marine Asset Management Co. Ltd. Has $289,000 Position in W.R. Berkley Corp. (WRB)
Tokio Marine Asset Management Co. Ltd. held its position in shares of W.R. Berkley Corp. (NYSE:WRB) during the second quarter, Holdings Channel reports. The firm owned 4,826 shares of the company’s stock at the end of the second quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in W.R. Berkley Corp. were worth $289,000 as of its most recent filing with the SEC.
A number of other institutional investors have also made changes to their positions in the company. PGGM Investments raised its position in shares of W.R. Berkley Corp. by 181.2% in the second quarter. PGGM Investments now owns 604,299 shares of the company’s stock worth $36,210,000 after buying an additional 389,421 shares in the last quarter. Renaissance Technologies LLC raised its position in shares of W.R. Berkley Corp. by 489.1% in the first quarter. Renaissance Technologies LLC now owns 410,000 shares of the company’s stock worth $23,042,000 after buying an additional 340,400 shares in the last quarter. Capital Returns Management LLC acquired a new position in shares of W.R. Berkley Corp. during the first quarter worth $14,050,000. BlackRock Fund Advisors raised its position in shares of W.R. Berkley Corp. by 5.9% in the first quarter. BlackRock Fund Advisors now owns 4,159,966 shares of the company’s stock worth $233,790,000 after buying an additional 232,394 shares in the last quarter. Finally, Bank of Montreal Can acquired a new position in shares of W.R. Berkley Corp. during the second quarter worth $6,726,000. Institutional investors and hedge funds own 70.99% of the company’s stock.
Shares of W.R. Berkley Corp. (NYSE:WRB) traded up 0.78% during midday trading on Friday, reaching $58.43. The company had a trading volume of 200,885 shares. The stock has a 50-day moving average of $57.90 and a 200 day moving average of $57.27. W.R. Berkley Corp. has a 52 week low of $47.54 and a 52 week high of $60.08. The firm has a market capitalization of $7.17 billion, a price-to-earnings ratio of 15.33 and a beta of 0.82.
W.R. Berkley Corp. (NYSE:WRB) last released its quarterly earnings data on Monday, July 25th. The company reported $0.82 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.77 by $0.05. W.R. Berkley Corp. had a return on equity of 9.53% and a net margin of 6.69%. The business had revenue of $1.56 billion for the quarter, compared to the consensus estimate of $1.96 billion. During the same quarter in the previous year, the company posted $0.81 EPS. The company’s revenue was up 4.5% compared to the same quarter last year. On average, analysts anticipate that W.R. Berkley Corp. will post $3.41 earnings per share for the current year.
The company also recently disclosed a dividend, which was paid on Wednesday, October 5th. Shareholders of record on Tuesday, September 20th were paid a $0.63 dividend. This is an increase from W.R. Berkley Corp.’s previous dividend of $0.12. The ex-dividend date was Friday, September 16th. W.R. Berkley Corp.’s payout ratio is presently 13.65%.
A number of equities analysts have weighed in on WRB shares. Zacks Investment Research upgraded W.R. Berkley Corp. from a “sell” rating to a “hold” rating in a research note on Friday, August 19th. Credit Suisse Group AG set a $52.00 target price on W.R. Berkley Corp. and gave the stock a “sell” rating in a research note on Monday, September 12th. Royal Bank Of Canada upped their target price on W.R. Berkley Corp. from $57.00 to $61.00 and gave the stock a “sector perform” rating in a research note on Wednesday, July 13th. Finally, Compass Point upped their price objective on W.R. Berkley Corp. from $55.00 to $60.00 and gave the stock a “neutral” rating in a report on Tuesday, July 26th. One analyst has rated the stock with a sell rating and five have issued a hold rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $56.83.
About W.R. Berkley Corp.
W. R. Berkley Corporation is an insurance holding company. The Company operates in the three segments of the property casualty insurance business: Insurance-Domestic, Insurance-International and Reinsurance-Global. Its Insurance-Domestic segment includes commercial insurance business, including excess and surplus lines and admitted lines, primarily throughout the United States.
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