Willow Creek Wealth Management Inc. held its stake in W.R. Berkley Corp. (NYSE:WRB) during the second quarter, according to its most recent disclosure with the SEC. The fund owned 10,959 shares of the company’s stock at the end of the second quarter. W.R. Berkley Corp. comprises approximately 0.5% of Willow Creek Wealth Management Inc.’s holdings, making the stock its 12th largest position. Willow Creek Wealth Management Inc.’s holdings in W.R. Berkley Corp. were worth $657,000 at the end of the most recent reporting period.
Several other large investors have also recently bought and sold shares of the company. Wellington Management Group LLP increased its stake in W.R. Berkley Corp. by 0.6% in the first quarter. Wellington Management Group LLP now owns 1,394,284 shares of the company’s stock worth $78,359,000 after buying an additional 8,124 shares during the period. Geode Capital Management LLC increased its stake in W.R. Berkley Corp. by 3.2% in the first quarter. Geode Capital Management LLC now owns 661,981 shares of the company’s stock worth $37,183,000 after buying an additional 20,345 shares during the period. Cutler Group LP increased its stake in W.R. Berkley Corp. by 2.0% in the first quarter. Cutler Group LP now owns 5,068 shares of the company’s stock worth $284,000 after buying an additional 100 shares during the period. Envestnet Asset Management Inc. increased its stake in W.R. Berkley Corp. by 8.4% in the first quarter. Envestnet Asset Management Inc. now owns 50,723 shares of the company’s stock worth $2,851,000 after buying an additional 3,942 shares during the period. Finally, Capstone Asset Management Co. increased its stake in W.R. Berkley Corp. by 0.8% in the second quarter. Capstone Asset Management Co. now owns 12,247 shares of the company’s stock worth $734,000 after buying an additional 92 shares during the period. 70.99% of the stock is owned by institutional investors.
W.R. Berkley Corp. (NYSE:WRB) traded up 0.81% during mid-day trading on Wednesday, reaching $58.36. The company’s stock had a trading volume of 261,619 shares. The stock has a market cap of $7.16 billion, a PE ratio of 15.31 and a beta of 0.80. W.R. Berkley Corp. has a 52-week low of $47.54 and a 52-week high of $60.08. The company has a 50 day moving average of $58.11 and a 200-day moving average of $56.99.
W.R. Berkley Corp. (NYSE:WRB) last posted its earnings results on Monday, July 25th. The company reported $0.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.77 by $0.05. W.R. Berkley Corp. had a return on equity of 9.53% and a net margin of 6.69%. The firm earned $1.56 billion during the quarter, compared to analysts’ expectations of $1.96 billion. During the same period in the previous year, the firm earned $0.81 earnings per share. The company’s revenue was up 4.5% on a year-over-year basis. Equities analysts forecast that W.R. Berkley Corp. will post $3.41 earnings per share for the current year.
The company also recently disclosed a dividend, which will be paid on Wednesday, October 5th. Stockholders of record on Tuesday, September 20th will be given a dividend of $0.63 per share. This is a boost from W.R. Berkley Corp.’s previous dividend of $0.12. The ex-dividend date is Friday, September 16th. W.R. Berkley Corp.’s dividend payout ratio is currently 13.65%.
WRB has been the topic of a number of recent analyst reports. Zacks Investment Research raised W.R. Berkley Corp. from a “sell” rating to a “hold” rating in a research note on Wednesday, August 31st. Credit Suisse Group AG set a $52.00 price objective on W.R. Berkley Corp. and gave the company a “sell” rating in a research note on Monday, September 12th. Royal Bank Of Canada raised their price objective on W.R. Berkley Corp. from $57.00 to $61.00 and gave the company a “sector perform” rating in a research note on Wednesday, July 13th. Finally, Compass Point raised their price objective on W.R. Berkley Corp. from $55.00 to $60.00 and gave the company a “neutral” rating in a research note on Tuesday, July 26th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $56.83.
About W.R. Berkley Corp.
W. R. Berkley Corporation is an insurance holding company. The Company operates in the three segments of the property casualty insurance business: Insurance-Domestic, Insurance-International and Reinsurance-Global. Its Insurance-Domestic segment includes commercial insurance business, including excess and surplus lines and admitted lines, primarily throughout the United States.
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