Dimensional Fund Advisors LP decreased its holdings in shares of W. R. Berkley Corp (NYSE:WRB) by 1.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,532,958 shares of the insurance provider’s stock after selling 17,115 shares during the quarter. Dimensional Fund Advisors LP owned 1.26% of W. R. Berkley worth $122,519,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also modified their holdings of the company. Truvestments Capital LLC purchased a new position in shares of W. R. Berkley during the third quarter worth about $103,000. Northwestern Mutual Wealth Management Co. grew its holdings in shares of W. R. Berkley by 75.0% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,701 shares of the insurance provider’s stock worth $123,000 after purchasing an additional 729 shares in the last quarter. Alps Advisors Inc. purchased a new position in shares of W. R. Berkley during the second quarter worth about $207,000. Gifford Fong Associates purchased a new position in shares of W. R. Berkley during the second quarter worth about $217,000. Finally, CI Global Investments Inc. grew its holdings in shares of W. R. Berkley by 1,058.6% during the third quarter. CI Global Investments Inc. now owns 2,908 shares of the insurance provider’s stock worth $232,000 after purchasing an additional 2,657 shares in the last quarter. 71.03% of the stock is owned by institutional investors.
Separately, Zacks Investment Research downgraded W. R. Berkley from a “hold” rating to a “sell” rating in a research report on Saturday, October 13th. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. W. R. Berkley presently has an average rating of “Hold” and an average price target of $78.50.
NYSE:WRB opened at $75.73 on Friday. The company has a market capitalization of $9.36 billion, a P/E ratio of 30.78, a PEG ratio of 2.16 and a beta of 0.85. W. R. Berkley Corp has a 1-year low of $67.12 and a 1-year high of $80.68. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 0.49.
W. R. Berkley (NYSE:WRB) last released its earnings results on Tuesday, October 23rd. The insurance provider reported $1.12 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.84 by $0.28. The company had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.60 billion. W. R. Berkley had a return on equity of 9.03% and a net margin of 8.64%. W. R. Berkley’s quarterly revenue was up 1.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.26 EPS. On average, equities analysts forecast that W. R. Berkley Corp will post 3.95 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 12th. Investors of record on Wednesday, November 28th will be given a $0.15 dividend. The ex-dividend date of this dividend is Tuesday, November 27th. This represents a $0.60 dividend on an annualized basis and a yield of 0.79%. W. R. Berkley’s payout ratio is 24.39%.
W. R. Berkley Company Profile
W. R. Berkley Corporation, an insurance holding company, operates as a commercial lines writer in the United States and internationally. It operates through two segments, Insurance and Reinsurance. The Insurance segment underwrites commercial insurance business, including premises operations, commercial automobile, property, products liability, and professional liability lines.
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