Curi RMB Capital LLC Buys Shares of 3,677 W. R. Berkley Co. (NYSE:WRB)

Curi RMB Capital LLC purchased a new position in W. R. Berkley Co. (NYSE:WRB) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 3,677 shares of the insurance provider’s stock, valued at approximately $209,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. MJP Associates Inc. ADV increased its holdings in W. R. Berkley by 4.0% in the 2nd quarter. MJP Associates Inc. ADV now owns 4,915 shares of the insurance provider’s stock worth $386,000 after buying an additional 188 shares during the period. Atria Investments Inc raised its position in W. R. Berkley by 0.4% during the first quarter. Atria Investments Inc now owns 50,637 shares of the insurance provider’s stock valued at $4,478,000 after acquiring an additional 189 shares in the last quarter. Kiely Wealth Advisory Group Inc. lifted its holdings in W. R. Berkley by 49.9% in the second quarter. Kiely Wealth Advisory Group Inc. now owns 580 shares of the insurance provider’s stock valued at $46,000 after acquiring an additional 193 shares during the period. Envestnet Portfolio Solutions Inc. grew its stake in shares of W. R. Berkley by 0.5% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 39,857 shares of the insurance provider’s stock worth $3,132,000 after purchasing an additional 202 shares during the period. Finally, Armstrong Advisory Group Inc. increased its holdings in shares of W. R. Berkley by 51.0% during the 3rd quarter. Armstrong Advisory Group Inc. now owns 619 shares of the insurance provider’s stock valued at $35,000 after purchasing an additional 209 shares in the last quarter. 68.82% of the stock is currently owned by institutional investors.

W. R. Berkley Price Performance

W. R. Berkley stock opened at $60.74 on Friday. The company has a fifty day simple moving average of $58.46 and a 200-day simple moving average of $56.15. The firm has a market capitalization of $23.15 billion, a price-to-earnings ratio of 15.56, a PEG ratio of 1.20 and a beta of 0.62. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 0.34. W. R. Berkley Co. has a 52-week low of $45.75 and a 52-week high of $61.96.

W. R. Berkley (NYSE:WRB) last released its quarterly earnings data 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 company had revenue of $2.93 billion during the quarter, compared to the consensus estimate of $2.93 billion. W. R. Berkley had a net margin of 11.96% and a return on equity of 20.41%. W. R. Berkley’s quarterly revenue was up 10.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.90 EPS. On average, equities analysts anticipate that W. R. Berkley Co. will post 3.96 EPS 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 issued a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.53%. The ex-dividend date of this dividend was Monday, September 23rd. W. R. Berkley’s payout ratio is currently 8.20%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on WRB shares. Barclays assumed coverage on shares of W. R. Berkley in a report on Wednesday, September 4th. They issued an “underweight” rating and a $56.00 price objective for the company. Royal Bank of Canada lifted their price target on W. R. Berkley from $57.00 to $63.00 and gave the company a “sector perform” rating in a research note on Tuesday, October 22nd. Evercore ISI increased their price target on W. R. Berkley from $57.00 to $60.00 and gave the stock an “in-line” rating in a research report on Tuesday, October 22nd. Jefferies Financial Group boosted their price objective on W. R. Berkley from $53.00 to $57.00 and gave the company a “hold” rating in a research report on Wednesday, October 9th. Finally, StockNews.com upgraded W. R. Berkley from a “hold” rating to a “buy” rating in a research report on Tuesday, November 12th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the stock 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.