Retirement Systems of Alabama increased its position in shares of W.R. Berkley Corp. (NYSE:WRB) by 0.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 126,522 shares of the company’s stock after buying an additional 66 shares during the period. Retirement Systems of Alabama’s holdings in W.R. Berkley Corp. were worth $7,581,000 as of its most recent SEC filing.
Other large investors also recently made changes to their positions in the company. Brightworth bought a new stake in shares of W.R. Berkley Corp. during the second quarter worth $213,000. Cutler Group LP boosted its stake in shares of 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. Leavell Investment Management Inc. boosted its stake in shares of W.R. Berkley Corp. by 7.8% in the second quarter. Leavell Investment Management Inc. now owns 6,950 shares of the company’s stock worth $416,000 after buying an additional 500 shares during the period. State of Alaska Department of Revenue boosted its stake in shares of W.R. Berkley Corp. by 7.5% in the second quarter. State of Alaska Department of Revenue now owns 7,249 shares of the company’s stock worth $434,000 after buying an additional 503 shares during the period. Finally, BlueMountain Capital Management LLC boosted its stake in shares of W.R. Berkley Corp. by 77.9% in the first quarter. BlueMountain Capital Management LLC now owns 12,588 shares of the company’s stock worth $707,000 after buying an additional 5,513 shares during the period. 70.99% of the stock is owned by hedge funds and other institutional investors.
Shares of W.R. Berkley Corp. (NYSE:WRB) remained flat at $57.65 on Friday. The stock had a trading volume of 476,253 shares. W.R. Berkley Corp. has a 12 month low of $47.54 and a 12 month high of $60.08. The firm has a 50 day moving average price of $57.97 and a 200 day moving average price of $57.16. The stock has a market cap of $7.08 billion, a price-to-earnings ratio of 15.12 and a beta of 0.82.
W.R. Berkley Corp. (NYSE:WRB) last released its quarterly earnings results on Monday, July 25th. The company reported $0.82 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.77 by $0.05. The business earned $1.56 billion during the quarter, compared to analyst estimates of $1.96 billion. W.R. Berkley Corp. had a net margin of 6.69% and a return on equity of 9.53%. The business’s revenue was up 4.5% on a year-over-year basis. During the same period last year, the business earned $0.81 EPS. On average, equities analysts anticipate that W.R. Berkley Corp. will post $3.41 EPS for the current year.
The company also recently declared a dividend, which was paid on Wednesday, October 5th. Investors of record on Tuesday, September 20th were issued a dividend of $0.63 per share. This is a positive change from W.R. Berkley Corp.’s previous dividend of $0.12. The ex-dividend date was Friday, September 16th. W.R. Berkley Corp.’s dividend payout ratio (DPR) is presently 13.65%.
A number of equities research analysts have recently commented on WRB shares. Zacks Investment Research raised shares of W.R. Berkley Corp. from a “sell” rating to a “hold” rating in a report on Friday, August 19th. Credit Suisse Group AG set a $52.00 target price on shares of W.R. Berkley Corp. and gave the company a “sell” rating in a report on Monday, September 12th. Royal Bank Of Canada upped their target price on shares of W.R. Berkley Corp. from $57.00 to $61.00 and gave the company a “sector perform” rating in a report on Wednesday, July 13th. Finally, Compass Point upped their target price on shares of W.R. Berkley Corp. from $55.00 to $60.00 and gave the company a “neutral” rating in a report on Tuesday, July 26th. One research analyst has rated the stock with a sell rating and five have issued a hold rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $56.83.
W.R. Berkley Corp. Company Profile
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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