W. R. Berkley Co. (NYSE:WRB) Shares Sold by Global Wealth Management Investment Advisory Inc.

Global Wealth Management Investment Advisory Inc. decreased its holdings in W. R. Berkley Co. (NYSE:WRB) by 7.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,000 shares of the insurance provider’s stock after selling 330 shares during the quarter. Global Wealth Management Investment Advisory Inc.’s holdings in W. R. Berkley were worth $234,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of WRB. State Street Corp boosted its stake in shares of W. R. Berkley by 48.6% during the third quarter. State Street Corp now owns 15,121,001 shares of the insurance provider’s stock worth $857,814,000 after buying an additional 4,947,830 shares during the period. Janus Henderson Group PLC lifted its position in W. R. Berkley by 51.0% during the 3rd quarter. Janus Henderson Group PLC now owns 11,321,958 shares of the insurance provider’s stock worth $642,294,000 after acquiring an additional 3,825,238 shares during the period. Geode Capital Management LLC grew its stake in shares of W. R. Berkley by 47.9% in the 3rd quarter. Geode Capital Management LLC now owns 7,591,353 shares of the insurance provider’s stock valued at $429,266,000 after purchasing an additional 2,459,073 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of W. R. Berkley by 55.1% during the third quarter. JPMorgan Chase & Co. now owns 7,366,424 shares of the insurance provider’s stock worth $417,897,000 after purchasing an additional 2,616,227 shares during the last quarter. Finally, The Manufacturers Life Insurance Company lifted its holdings in shares of W. R. Berkley by 104.1% during the third quarter. The Manufacturers Life Insurance Company now owns 4,154,783 shares of the insurance provider’s stock worth $235,701,000 after purchasing an additional 2,118,641 shares during the period. Institutional investors and hedge funds own 68.82% of the company’s stock.

W. R. Berkley Trading Up 0.1 %

NYSE:WRB opened at $61.51 on Monday. The company has a market capitalization of $23.44 billion, a PE ratio of 14.10, a price-to-earnings-growth ratio of 1.59 and a beta of 0.67. W. R. Berkley Co. has a 52-week low of $50.73 and a 52-week high of $65.49. The stock has a fifty day simple moving average of $59.52 and a 200-day simple moving average of $58.80. 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 (NYSE:WRB) last announced its quarterly earnings results on Monday, January 27th. The insurance provider reported $1.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.95 by $0.18. W. R. Berkley had a net margin of 12.88% and a return on equity of 20.83%. On average, equities research analysts expect that W. R. Berkley Co. will post 4.35 earnings per share for the current fiscal year.

W. R. Berkley Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Monday, December 16th were given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 0.52%. The ex-dividend date of this dividend was Monday, December 16th. W. R. Berkley’s payout ratio is 7.33%.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on WRB shares. Evercore ISI boosted their price objective on shares of W. R. Berkley from $57.00 to $60.00 and gave the company an “in-line” rating in a research note on Tuesday, October 22nd. Barclays increased their price target on shares of W. R. Berkley from $50.00 to $52.00 and gave the stock an “underweight” rating in a report on Tuesday, January 28th. Truist Financial lifted their price objective on W. R. Berkley from $64.00 to $68.00 and gave the company a “buy” rating in a report on Thursday, October 17th. UBS Group increased their target price on W. R. Berkley from $67.00 to $69.00 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. Finally, Keefe, Bruyette & Woods lifted their price target on W. R. Berkley from $60.00 to $61.00 and gave the company a “market perform” rating in a research note on Tuesday, January 28th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, W. R. Berkley currently has a consensus rating of “Hold” and a consensus target price of $64.36.

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.