Impact Partnership Wealth LLC Has $452,000 Stock Holdings in W. R. Berkley Co. (NYSE:WRB)

Impact Partnership Wealth LLC lowered its position in shares of W. R. Berkley Co. (NYSE:WRB) by 27.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 7,716 shares of the insurance provider’s stock after selling 2,856 shares during the quarter. Impact Partnership Wealth LLC’s holdings in W. R. Berkley were worth $452,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. Quarry LP bought a new stake in W. R. Berkley during the 2nd quarter worth about $42,000. Armstrong Advisory Group Inc. boosted its position in W. R. Berkley by 51.0% during the third 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 during the last quarter. PFS Partners LLC increased its position in shares of W. R. Berkley by 51.1% during the 3rd quarter. PFS Partners LLC now owns 719 shares of the insurance provider’s stock worth $41,000 after purchasing an additional 243 shares during the last quarter. Creative Financial Designs Inc. ADV raised its stake in shares of W. R. Berkley by 108.1% during the 3rd quarter. Creative Financial Designs Inc. ADV now owns 801 shares of the insurance provider’s stock worth $45,000 after purchasing an additional 416 shares in the last quarter. Finally, Coastline Trust Co bought a new position in shares of W. R. Berkley in the third quarter valued at $47,000. 68.82% of the stock is owned by institutional investors.

W. R. Berkley Trading Up 1.0 %

Shares of WRB stock opened at $57.51 on Friday. The stock has a market cap of $21.91 billion, a P/E ratio of 14.73, a price-to-earnings-growth ratio of 1.04 and a beta of 0.67. W. R. Berkley Co. has a 1 year low of $50.73 and a 1 year high of $65.49. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 0.34. The stock has a 50 day simple moving average of $60.10 and a 200 day simple moving average of $58.67.

W. R. Berkley Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Monday, December 16th were issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.56%. The ex-dividend date was Monday, December 16th. W. R. Berkley’s dividend payout ratio (DPR) is currently 8.20%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Barclays cut their price target on shares of W. R. Berkley from $56.00 to $50.00 and set an “underweight” rating for the company in a research note on Monday, January 6th. Keefe, Bruyette & Woods reduced their price target on W. R. Berkley from $59.00 to $58.00 and set a “market perform” rating for the company in a report on Tuesday, October 22nd. Truist Financial upped their price objective on W. R. Berkley from $64.00 to $68.00 and gave the company a “buy” rating in a research note on Thursday, October 17th. Evercore ISI lifted their target price on W. R. Berkley from $57.00 to $60.00 and gave the stock an “in-line” rating in a research note on Tuesday, October 22nd. Finally, The Goldman Sachs Group upgraded shares of W. R. Berkley from a “neutral” rating to a “buy” rating and set a $69.00 price objective on the stock in a report on Monday, November 25th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, W. R. Berkley has a consensus rating of “Hold” and an average target price of $63.74.

About W. R. Berkley

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.