Frank Rimerman Advisors LLC Purchases 4,854 Shares of W. R. Berkley Co. (NYSE:WRB)

Frank Rimerman Advisors LLC raised its position in W. R. Berkley Co. (NYSE:WRB) by 46.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 15,248 shares of the insurance provider’s stock after buying an additional 4,854 shares during the quarter. Frank Rimerman Advisors LLC’s holdings in W. R. Berkley were worth $865,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Clear Harbor Asset Management LLC lifted its stake in shares of W. R. Berkley by 50.8% in the 3rd quarter. Clear Harbor Asset Management LLC now owns 6,004 shares of the insurance provider’s stock valued at $341,000 after acquiring an additional 2,022 shares during the last quarter. GHP Investment Advisors Inc. grew its holdings in W. R. Berkley by 54.7% during the 3rd quarter. GHP Investment Advisors Inc. now owns 176,004 shares of the insurance provider’s stock worth $9,985,000 after acquiring an additional 62,202 shares during the period. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of W. R. Berkley by 77.4% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 13,389 shares of the insurance provider’s stock worth $760,000 after buying an additional 5,841 shares in the last quarter. Forsta AP Fonden grew its position in shares of W. R. Berkley by 202.6% during the 3rd quarter. Forsta AP Fonden now owns 123,750 shares of the insurance provider’s stock worth $7,020,000 after buying an additional 82,850 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. increased its stake in shares of W. R. Berkley by 110.1% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 20,503 shares of the insurance provider’s stock valued at $1,159,000 after acquiring an additional 10,742 shares in the last quarter. Institutional investors own 68.82% of the company’s stock.

W. R. Berkley Price Performance

WRB opened at $58.16 on Monday. W. R. Berkley Co. has a 1 year low of $43.20 and a 1 year high of $61.96. The stock has a 50-day moving average price of $58.37 and a 200-day moving average price of $55.60. The firm has a market cap of $22.30 billion, a PE ratio of 15.47, a P/E/G ratio of 1.07 and a beta of 0.62. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.38 and a quick ratio of 0.38.

W. R. Berkley (NYSE:WRB) last posted its quarterly earnings results on Monday, October 21st. The insurance provider reported $0.93 EPS for the quarter, beating analysts’ consensus estimates of $0.92 by $0.01. The firm had revenue of $2.93 billion for the quarter, compared to analysts’ expectations of $2.93 billion. W. R. Berkley had a net margin of 12.05% and a return on equity of 21.34%. The business’s revenue for the quarter was up 10.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.90 earnings per share. Sell-side analysts predict that W. R. Berkley Co. will post 4.02 earnings per share for the current fiscal year.

W. R. Berkley Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 23rd were paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 0.55%. The ex-dividend date was Monday, September 23rd. W. R. Berkley’s dividend payout ratio is currently 8.51%.

Wall Street Analysts Forecast Growth

WRB has been the subject of a number of research analyst reports. Evercore ISI boosted their target price on W. R. Berkley from $57.00 to $60.00 and gave the company an “in-line” rating in a research report on Tuesday, October 22nd. Wells Fargo & Company increased their price target on W. R. Berkley from $63.00 to $68.00 and gave the company an “overweight” rating in a research report on Tuesday, October 22nd. Jefferies Financial Group raised their price target on shares of W. R. Berkley from $53.00 to $57.00 and gave the company a “hold” rating in a research report on Wednesday, October 9th. Keefe, Bruyette & Woods cut their target price on W. R. Berkley from $59.00 to $58.00 and set a “market perform” rating on the stock in a research note on Tuesday, October 22nd. Finally, Barclays assumed coverage on W. R. Berkley in a research report on Wednesday, September 4th. They issued an “underweight” rating and a $56.00 price objective on the stock. One analyst has rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $63.08.

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.