Analysts Set W. R. Berkley Corp (WRB) PT at $68.67
W. R. Berkley Corp (NYSE:WRB) has been given an average rating of “Hold” by the ten research firms that are presently covering the firm, Marketbeat reports. Three analysts have rated the stock with a sell recommendation and seven have issued a hold recommendation on the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $68.67.
Several equities research analysts recently weighed in on the stock. Boenning Scattergood reaffirmed a “hold” rating on shares of W. R. Berkley in a report on Wednesday, January 31st. Zacks Investment Research upgraded shares of W. R. Berkley from a “hold” rating to a “buy” rating and set a $79.00 price target on the stock in a research report on Wednesday, December 27th. Finally, Royal Bank of Canada reiterated a “hold” rating on shares of W. R. Berkley in a research report on Wednesday, January 31st.
WRB stock traded up $0.33 during trading on Thursday, hitting $74.67. The company had a trading volume of 178,251 shares, compared to its average volume of 409,678. The company has a market capitalization of $8,881.07, a P/E ratio of 29.58, a PEG ratio of 2.28 and a beta of 0.78. W. R. Berkley has a fifty-two week low of $62.00 and a fifty-two week high of $74.78. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 0.46.
The firm also recently declared a quarterly dividend, which was paid on Monday, April 2nd. Shareholders of record on Wednesday, March 14th were given a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 0.75%. The ex-dividend date of this dividend was Tuesday, March 13th. W. R. Berkley’s dividend payout ratio (DPR) is presently 22.76%.
Institutional investors have recently modified their holdings of the business. Schwab Charles Investment Management Inc. raised its holdings in W. R. Berkley by 4.0% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 349,820 shares of the insurance provider’s stock worth $23,347,000 after buying an additional 13,416 shares during the period. Dimensional Fund Advisors LP raised its holdings in W. R. Berkley by 3.1% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,663,027 shares of the insurance provider’s stock worth $110,990,000 after buying an additional 50,350 shares during the period. AMP Capital Investors Ltd raised its holdings in W. R. Berkley by 6.3% during the 3rd quarter. AMP Capital Investors Ltd now owns 69,039 shares of the insurance provider’s stock worth $4,606,000 after buying an additional 4,100 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its holdings in W. R. Berkley by 10.3% during the 3rd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 56,124 shares of the insurance provider’s stock worth $3,746,000 after buying an additional 5,252 shares during the period. Finally, Cornerstone Capital Management Holdings LLC. acquired a new stake in W. R. Berkley during the 3rd quarter worth about $1,968,000. Hedge funds and other institutional investors own 72.06% of the company’s stock.
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W. R. Berkley Company 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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