WINTON GROUP Ltd Purchases 107,118 Shares of W.R. Berkley Corporation (WRB)
WINTON GROUP Ltd grew its position in shares of W.R. Berkley Corporation (NYSE:WRB) by 832.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 119,990 shares of the insurance provider’s stock after buying an additional 107,118 shares during the period. WINTON GROUP Ltd owned approximately 0.10% of W.R. Berkley worth $8,008,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in WRB. Renaissance Technologies LLC acquired a new stake in shares of W.R. Berkley during the 1st quarter worth $2,981,000. Aperio Group LLC grew its holdings in shares of W.R. Berkley by 20.7% during the 2nd quarter. Aperio Group LLC now owns 62,843 shares of the insurance provider’s stock worth $4,347,000 after purchasing an additional 10,769 shares in the last quarter. US Bancorp DE grew its holdings in shares of W.R. Berkley by 1.9% during the 2nd quarter. US Bancorp DE now owns 7,167 shares of the insurance provider’s stock worth $495,000 after purchasing an additional 137 shares in the last quarter. Russell Investments Group Ltd. grew its holdings in shares of W.R. Berkley by 140.7% during the 2nd quarter. Russell Investments Group Ltd. now owns 324,887 shares of the insurance provider’s stock worth $22,475,000 after purchasing an additional 189,931 shares in the last quarter. Finally, Janney Montgomery Scott LLC grew its holdings in shares of W.R. Berkley by 5.7% during the 2nd quarter. Janney Montgomery Scott LLC now owns 27,506 shares of the insurance provider’s stock worth $1,903,000 after purchasing an additional 1,482 shares in the last quarter. 70.96% of the stock is currently owned by institutional investors.
W.R. Berkley Corporation (NYSE:WRB) traded up $0.82 during trading hours on Wednesday, reaching $67.20. The company had a trading volume of 388,200 shares, compared to its average volume of 390,432. The firm has a market capitalization of $8,340.00, a price-to-earnings ratio of 26.16, a PEG ratio of 3.02 and a beta of 0.92. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.45. W.R. Berkley Corporation has a fifty-two week low of $61.62 and a fifty-two week high of $73.17.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 14th. Investors of record on Thursday, November 30th will be paid a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 0.83%. The ex-dividend date is Wednesday, November 29th. W.R. Berkley’s dividend payout ratio (DPR) is presently 13.18%.
W.R. Berkley declared that its board has approved a stock repurchase plan on Tuesday, August 8th that permits the company to repurchase 10,000,000 shares. This repurchase authorization permits the insurance provider to repurchase shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s management believes its shares are undervalued.
WRB has been the topic of several research analyst reports. Boenning Scattergood reaffirmed a “hold” rating on shares of W.R. Berkley in a research note on Wednesday, October 25th. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $72.00 price objective on shares of W.R. Berkley in a research note on Tuesday, August 29th. Zacks Investment Research raised W.R. Berkley from a “sell” rating to a “hold” rating in a research note on Tuesday, September 26th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $69.00 price objective on shares of W.R. Berkley in a research note on Friday, November 17th. Finally, Deutsche Bank raised their price objective on W.R. Berkley from $65.00 to $66.00 and gave the company a “hold” rating in a research note on Wednesday, October 25th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and one has given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $69.14.
W.R. Berkley Profile
W. R. Berkley Corporation is an insurance holding company. It operates through two segments: Insurance and Reinsurance-Global. The Insurance segment consists of its commercial insurance business operations, comprising excess and surplus lines, and admitted lines, throughout the United States, as well as its insurance business operations in the United Kingdom, Continental Europe, South America, Canada, Mexico, Scandinavia, Asia and Australia.
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