Wells Fargo & Company MN Has $127.10 Million Holdings in W. R. Berkley Co. (NYSE:WRB)

Wells Fargo & Company MN raised its position in shares of W. R. Berkley Co. (NYSE:WRB) by 0.3% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 1,797,235 shares of the insurance provider’s stock after purchasing an additional 5,973 shares during the quarter. Wells Fargo & Company MN owned approximately 0.70% of W. R. Berkley worth $127,100,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Bruce G. Allen Investments LLC acquired a new stake in shares of W. R. Berkley during the 4th quarter worth approximately $25,000. Parkside Financial Bank & Trust grew its position in shares of W. R. Berkley by 106.1% during the 3rd quarter. Parkside Financial Bank & Trust now owns 406 shares of the insurance provider’s stock worth $26,000 after buying an additional 209 shares during the period. Raleigh Capital Management Inc. grew its position in shares of W. R. Berkley by 132.6% during the 3rd quarter. Raleigh Capital Management Inc. now owns 414 shares of the insurance provider’s stock worth $26,000 after buying an additional 236 shares during the period. VisionPoint Advisory Group LLC acquired a new stake in shares of W. R. Berkley during the 3rd quarter worth approximately $27,000. Finally, Lindbrook Capital LLC grew its position in shares of W. R. Berkley by 70.6% during the 4th 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. Institutional investors and hedge funds own 68.82% of the company’s stock.

Analyst Upgrades and Downgrades

WRB has been the subject of several recent analyst reports. Truist Financial reduced their price objective on shares of W. R. Berkley from $95.00 to $93.00 and set a “buy” rating for the company in a research report on Wednesday, April 24th. BMO Capital Markets cut their target price on W. R. Berkley from $93.00 to $87.00 and set a “market perform” rating on the stock in a report on Wednesday, April 24th. The Goldman Sachs Group increased their target price on W. R. Berkley from $86.00 to $95.00 and gave the stock a “buy” rating in a report on Friday, April 12th. Evercore ISI lifted their price objective on shares of W. R. Berkley from $83.00 to $89.00 and gave the stock an “in-line” rating in a report on Thursday, April 11th. Finally, Wells Fargo & Company cut their price objective on shares of W. R. Berkley from $99.00 to $94.00 and set an “overweight” rating on the stock in a report on Wednesday, April 24th. Four 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 MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $90.38.

W. R. Berkley Trading Up 1.1 %

Shares of W. R. Berkley stock opened at $80.09 on Thursday. W. R. Berkley Co. has a 52-week low of $55.50 and a 52-week high of $89.18. The stock’s 50-day simple moving average is $82.24 and its 200 day simple moving average is $78.04. The stock has a market capitalization of $20.48 billion, a P/E ratio of 14.20, a P/E/G ratio of 1.03 and a beta of 0.60. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.36 and a current ratio of 0.36.

W. R. Berkley (NYSE:WRB) last announced its quarterly earnings data on Tuesday, April 23rd. The insurance provider reported $1.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.46 by $0.10. The business 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 firm’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same period in the previous year, the business posted $1.00 EPS. As a group, research analysts anticipate that W. R. Berkley Co. will post 5.82 EPS for the current year.

W. R. Berkley Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 13th. Investors of record on Monday, March 4th were given a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 0.55%. The ex-dividend date of this dividend was Friday, March 1st. W. R. Berkley’s dividend payout ratio (DPR) is 7.80%.

W. R. Berkley 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.