W. R. Berkley Co. (NYSE:WRB) Shares Acquired by Capital Advisors Ltd. LLC

Capital Advisors Ltd. LLC grew its position in W. R. Berkley Co. (NYSE:WRB) by 44.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,056 shares of the insurance provider’s stock after buying an additional 326 shares during the quarter. Capital Advisors Ltd. LLC’s holdings in W. R. Berkley were worth $60,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of WRB. Manchester Financial Inc. increased its holdings in shares of W. R. Berkley by 41.1% in the 3rd quarter. Manchester Financial Inc. now owns 49,668 shares of the insurance provider’s stock valued at $2,818,000 after acquiring an additional 14,468 shares during the last quarter. Frank Rimerman Advisors LLC raised its holdings in shares of W. R. Berkley by 46.7% in the third quarter. Frank Rimerman Advisors LLC now owns 15,248 shares of the insurance provider’s stock valued at $865,000 after buying an additional 4,854 shares during the last quarter. Clear Harbor Asset Management LLC grew its holdings in shares of W. R. Berkley by 50.8% during the third quarter. Clear Harbor Asset Management LLC now owns 6,004 shares of the insurance provider’s stock worth $341,000 after buying an additional 2,022 shares during the last quarter. GHP Investment Advisors Inc. lifted its position in W. R. Berkley by 54.7% during the 3rd quarter. GHP Investment Advisors Inc. now owns 176,004 shares of the insurance provider’s stock worth $9,985,000 after acquiring an additional 62,202 shares during the period. Finally, Wealth Enhancement Advisory Services LLC increased its holdings in shares of W. R. Berkley by 77.4% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 13,389 shares of the insurance provider’s stock valued at $760,000 after purchasing an additional 5,841 shares during the period. 68.82% of the stock is currently owned by hedge funds and other institutional investors.

W. R. Berkley Price Performance

WRB stock opened at $58.16 on Monday. The stock has a market capitalization of $22.30 billion, a price-to-earnings ratio of 15.47, a price-to-earnings-growth ratio of 1.07 and a beta of 0.62. The company has a quick ratio of 0.38, a current ratio of 0.38 and a debt-to-equity ratio of 0.36. W. R. Berkley Co. has a 52-week low of $43.20 and a 52-week high of $61.96. The stock’s fifty day simple moving average is $58.37 and its 200-day simple moving average is $55.60.

W. R. Berkley (NYSE:WRB) last issued its quarterly earnings results on Monday, October 21st. The insurance provider reported $0.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.92 by $0.01. The firm had revenue of $2.93 billion for the quarter, compared to analyst estimates of $2.93 billion. W. R. Berkley had a return on equity of 21.34% and a net margin of 12.05%. The firm’s quarterly revenue was up 10.8% on a year-over-year basis. During the same period last year, the company earned $0.90 EPS. Equities research analysts expect that W. R. Berkley Co. will post 4.02 EPS for the current year.

W. R. Berkley Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 23rd were paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.55%. The ex-dividend date was Monday, September 23rd. W. R. Berkley’s dividend payout ratio is presently 8.51%.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. Wells Fargo & Company boosted their price objective on shares of W. R. Berkley from $63.00 to $68.00 and gave the company an “overweight” rating in a research note on Tuesday, October 22nd. Bank of America increased their target price on shares of W. R. Berkley from $73.00 to $76.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. Barclays assumed coverage on W. R. Berkley in a research note on Wednesday, September 4th. They set an “underweight” rating and a $56.00 price target on the stock. TD Cowen started coverage on W. R. Berkley in a research note on Monday, July 1st. They issued a “buy” rating and a $68.67 price objective for the company. Finally, StockNews.com cut W. R. Berkley from a “buy” rating to a “hold” rating in a report on Thursday, October 3rd. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $63.08.

W. R. Berkley Company Profile

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.