Resonant Capital Advisors LLC Has $852,000 Holdings in W. R. Berkley Co. (NYSE:WRB)

Resonant Capital Advisors LLC cut its stake in shares of W. R. Berkley Co. (NYSE:WRB) by 12.6% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 12,054 shares of the insurance provider’s stock after selling 1,743 shares during the period. Resonant Capital Advisors LLC’s holdings in W. R. Berkley were worth $852,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Bruce G. Allen Investments LLC purchased a new position in W. R. Berkley during the fourth quarter valued at approximately $25,000. Clear Street Markets LLC grew its position in W. R. Berkley by 92.3% during the first quarter. Clear Street Markets LLC now owns 398 shares of the insurance provider’s stock valued at $25,000 after purchasing an additional 191 shares in the last quarter. Parkside Financial Bank & Trust grew its position in W. R. Berkley by 106.1% during 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. grew its position in 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 in the last quarter. Finally, VisionPoint Advisory Group LLC purchased a new position in W. R. Berkley during the third quarter valued at approximately $27,000. 68.82% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts recently commented on the stock. Evercore ISI boosted their price objective on shares of 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. UBS Group boosted 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. Royal Bank of Canada boosted their target price on shares of W. R. Berkley from $73.00 to $79.00 and gave the stock a “sector perform” rating in a research report on Thursday, January 25th. Truist Financial boosted their target price on shares of W. R. Berkley from $83.00 to $95.00 and gave the stock a “buy” rating in a research report on Thursday, January 25th. Finally, Wells Fargo & Company boosted their target price on shares of W. R. Berkley from $92.00 to $99.00 and gave the stock an “overweight” rating in a research report on Thursday, April 11th. Five equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $89.22.

W. R. Berkley Price Performance

NYSE WRB opened at $82.40 on Friday. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.38. The company has a fifty day simple moving average of $84.53 and a 200 day simple moving average of $75.78. The company has a market cap of $21.14 billion, a P/E ratio of 16.28, a P/E/G ratio of 1.51 and a beta of 0.57. W. R. Berkley Co. has a 1 year low of $55.50 and a 1 year high of $89.18.

W. R. Berkley (NYSE:WRB) last posted its quarterly earnings data on Wednesday, January 24th. The insurance provider reported $1.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.35 by $0.10. The business had revenue of $3.22 billion during the quarter, compared to the consensus estimate of $2.70 billion. W. R. Berkley had a net margin of 11.38% and a return on equity of 19.03%. W. R. Berkley’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.16 EPS. On average, sell-side analysts predict that W. R. Berkley Co. will post 5.94 EPS for the current year.

W. R. Berkley Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 13th. Investors of record on Monday, March 4th were paid a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 0.53%. The ex-dividend date was Friday, March 1st. W. R. Berkley’s payout ratio is currently 8.70%.

W. R. Berkley Company 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.