W. R. Berkley Co. (NYSE:WRB) Shares Sold by America First Investment Advisors LLC


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America First Investment Advisors LLC lowered its holdings in W. R. Berkley Co. (NYSE:WRB) by 2.5% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 226,660 shares of the insurance provider’s stock after selling 5,715 shares during the quarter. W. R. Berkley accounts for about 5.2% of America First Investment Advisors LLC’s holdings, making the stock its 6th biggest position. America First Investment Advisors LLC owned about 0.13% of W. R. Berkley worth $17,079,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in the business. Busey Wealth Management raised its stake in shares of W. R. Berkley by 1.2% during the 1st quarter. Busey Wealth Management now owns 11,752 shares of the insurance provider’s stock worth $886,000 after buying an additional 135 shares during the last quarter. Berman Capital Advisors LLC raised its stake in shares of W. R. Berkley by 7.6% during the 4th quarter. Berman Capital Advisors LLC now owns 2,121 shares of the insurance provider’s stock worth $139,000 after buying an additional 149 shares during the last quarter. Personal CFO Solutions LLC raised its stake in shares of W. R. Berkley by 2.2% during the 4th quarter. Personal CFO Solutions LLC now owns 7,135 shares of the insurance provider’s stock worth $474,000 after buying an additional 152 shares during the last quarter. Resonant Capital Advisors LLC increased its position in W. R. Berkley by 3.9% during the 4th quarter. Resonant Capital Advisors LLC now owns 4,929 shares of the insurance provider’s stock worth $327,000 after purchasing an additional 185 shares in the last quarter. Finally, First Mercantile Trust Co. increased its position in W. R. Berkley by 7.5% during the 4th quarter. First Mercantile Trust Co. now owns 3,170 shares of the insurance provider’s stock worth $211,000 after purchasing an additional 222 shares in the last quarter. 71.04% of the stock is owned by institutional investors.

A number of research firms recently commented on WRB. Morgan Stanley lifted their price objective on W. R. Berkley from $84.00 to $89.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 28th. Zacks Investment Research upgraded W. R. Berkley from a “hold” rating to a “buy” rating and set a $77.00 price objective for the company in a research report on Tuesday, March 23rd. Deutsche Bank Aktiengesellschaft lifted their price objective on W. R. Berkley from $70.00 to $80.00 and gave the stock a “hold” rating in a research report on Tuesday, April 27th. The Goldman Sachs Group upgraded W. R. Berkley from a “sell” rating to a “neutral” rating and lifted their price target for the company from $53.00 to $70.00 in a report on Friday, January 8th. Finally, UBS Group upgraded W. R. Berkley from a “neutral” rating to a “buy” rating and lifted their price target for the company from $73.00 to $80.00 in a report on Tuesday, March 2nd. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. W. R. Berkley has a consensus rating of “Buy” and a consensus target price of $79.25.

Shares of NYSE WRB traded up $0.01 during trading on Tuesday, reaching $80.52. The stock had a trading volume of 3,070 shares, compared to its average volume of 810,137. W. R. Berkley Co. has a one year low of $45.25 and a one year high of $82.24. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.45 and a current ratio of 0.45. The stock has a market cap of $14.91 billion, a PE ratio of 44.98, a P/E/G ratio of 3.10 and a beta of 0.82. The firm’s 50 day moving average price is $77.91 and its two-hundred day moving average price is $69.30.

W. R. Berkley (NYSE:WRB) last issued its quarterly earnings results on Monday, April 19th. The insurance provider reported $1.08 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.84 by $0.24. The business had revenue of $2.48 billion during the quarter, compared to the consensus estimate of $1.83 billion. W. R. Berkley had a return on equity of 7.55% and a net margin of 4.57%. The business’s quarterly revenue was up 46.9% on a year-over-year basis. During the same period in the previous year, the business earned $0.69 EPS. On average, research analysts expect that W. R. Berkley Co. will post 2.2 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 24th. Investors of record on Wednesday, March 10th were paid a dividend of $0.12 per share. The ex-dividend date of this dividend was Tuesday, March 9th. This represents a $0.48 dividend on an annualized basis and a yield of 0.60%. W. R. Berkley’s payout ratio is currently 15.84%.

About W. R. Berkley

W. R. Berkley Corporation, an insurance holding company, operates as a commercial lines writer in the United States and internationally. It operates in two segments, Insurance and Reinsurance & Monoline Excess. The Insurance segment underwrites commercial insurance business, including premises operations, commercial automobile, property, products liability, and general and professional liability lines.

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Institutional Ownership by Quarter for W. R. Berkley (NYSE:WRB)

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