Dai ichi Life Insurance Company Ltd Has $7.78 Million Stock Position in W. R. Berkley Co. (NYSE:WRB)

Dai ichi Life Insurance Company Ltd boosted its stake in shares of W. R. Berkley Co. (NYSE:WRBFree Report) by 3.4% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 109,961 shares of the insurance provider’s stock after buying an additional 3,625 shares during the period. Dai ichi Life Insurance Company Ltd’s holdings in W. R. Berkley were worth $7,776,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. EULAV Asset Management raised its holdings in W. R. Berkley by 4.4% during the 3rd quarter. EULAV Asset Management now owns 945,260 shares of the insurance provider’s stock worth $60,015,000 after buying an additional 39,716 shares during the period. International Assets Investment Management LLC acquired a new stake in shares of W. R. Berkley in the fourth quarter valued at approximately $8,970,000. NatWest Group plc acquired a new stake in shares of W. R. Berkley in the fourth quarter valued at approximately $8,791,000. Louisiana State Employees Retirement System acquired a new stake in shares of W. R. Berkley in the fourth quarter valued at approximately $870,000. Finally, Financial Strategies Group Inc. raised its holdings in shares of W. R. Berkley by 29.6% in the fourth quarter. Financial Strategies Group Inc. now owns 53,112 shares of the insurance provider’s stock valued at $4,126,000 after purchasing an additional 12,140 shares during the last quarter. 68.82% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on WRB shares. Truist Financial decreased their target price on shares of W. R. Berkley from $95.00 to $93.00 and set a “buy” rating for the company in a research note on Wednesday, April 24th. Royal Bank of Canada decreased their target price on shares of W. R. Berkley from $88.00 to $86.00 and set a “sector perform” rating for the company in a research note on Wednesday, April 24th. Keefe, Bruyette & Woods decreased their target price on shares of W. R. Berkley from $88.00 to $86.00 and set a “market perform” rating for the company in a research note on Friday, May 3rd. StockNews.com raised shares of W. R. Berkley from a “hold” rating to a “buy” rating in a research note on Saturday, May 4th. Finally, BMO Capital Markets decreased their target price on shares of W. R. Berkley from $93.00 to $87.00 and set a “market perform” rating for the company in a research note on Wednesday, April 24th. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $90.38.

View Our Latest Stock Report on WRB

W. R. Berkley Stock Performance

Shares of W. R. Berkley stock traded up $0.86 during trading on Wednesday, reaching $80.09. The company’s stock had a trading volume of 221,618 shares, compared to its average volume of 1,214,530. The business’s 50-day moving average price is $82.35 and its 200-day moving average price is $78.03. The firm has a market cap of $20.48 billion, a PE ratio of 14.05, a P/E/G ratio of 1.50 and a beta of 0.60. W. R. Berkley Co. has a 52 week low of $55.50 and a 52 week high of $89.18. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 0.36.

W. R. Berkley (NYSE:WRBGet Free Report) last announced its earnings results 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 company had revenue of $2.76 billion during the quarter, compared to analysts’ expectations of $2.77 billion. W. R. Berkley had a net margin of 12.23% and a return on equity of 20.51%. W. R. Berkley’s quarterly revenue was up 11.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.00 earnings per share. Equities analysts forecast that W. R. Berkley Co. will post 5.82 earnings per share for the current year.

W. R. Berkley Announces Dividend

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

W. R. Berkley Profile

(Free Report)

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.

Featured Articles

Want to see what other hedge funds are holding WRB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for W. R. Berkley Co. (NYSE:WRBFree Report).

Institutional Ownership by Quarter for W. R. Berkley (NYSE:WRB)

Receive News & Ratings for W. R. Berkley Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for W. R. Berkley and related companies with MarketBeat.com's FREE daily email newsletter.