Clarus Wealth Advisors Invests $471,000 in W. R. Berkley Corp (NYSE:WRB)

Clarus Wealth Advisors acquired a new position in shares of W. R. Berkley Corp (NYSE:WRB) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 6,523 shares of the insurance provider’s stock, valued at approximately $471,000.

Several other hedge funds have also recently bought and sold shares of WRB. BlackRock Inc. boosted its position in shares of W. R. Berkley by 61.0% during the second quarter. BlackRock Inc. now owns 19,067,342 shares of the insurance provider’s stock worth $1,257,109,000 after buying an additional 7,221,477 shares during the period. Vanguard Group Inc. boosted its position in shares of W. R. Berkley by 53.2% during the second quarter. Vanguard Group Inc. now owns 14,922,965 shares of the insurance provider’s stock worth $983,872,000 after buying an additional 5,180,855 shares during the period. Atlanta Capital Management Co. L L C boosted its position in shares of W. R. Berkley by 36.3% during the second quarter. Atlanta Capital Management Co. L L C now owns 10,897,169 shares of the insurance provider’s stock worth $718,450,000 after buying an additional 2,899,769 shares during the period. Janus Henderson Group PLC boosted its position in shares of W. R. Berkley by 51.4% during the second quarter. Janus Henderson Group PLC now owns 7,106,715 shares of the insurance provider’s stock worth $468,545,000 after buying an additional 2,412,693 shares during the period. Finally, Boston Partners boosted its position in shares of W. R. Berkley by 55.3% during the second quarter. Boston Partners now owns 3,861,737 shares of the insurance provider’s stock worth $254,643,000 after buying an additional 1,374,347 shares during the period. 70.65% of the stock is owned by institutional investors.

Several brokerages recently commented on WRB. Royal Bank of Canada increased their price target on W. R. Berkley to $68.00 and gave the company a “sector perform” rating in a research report on Wednesday, July 24th. They noted that the move was a valuation call. Zacks Investment Research raised W. R. Berkley from a “hold” rating to a “buy” rating and set a $71.00 price target for the company in a research report on Saturday, July 27th. ValuEngine cut W. R. Berkley from a “hold” rating to a “sell” rating in a research report on Wednesday, October 2nd. Buckingham Research increased their price target on W. R. Berkley from $63.00 to $64.00 and gave the company a “neutral” rating in a research report on Thursday, September 12th. Finally, Morgan Stanley increased their price target on W. R. Berkley from $63.00 to $73.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 14th. Three analysts have rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $65.20.

NYSE WRB traded down $0.07 during trading hours on Friday, hitting $71.25. 13,356 shares of the company traded hands, compared to its average volume of 564,591. The business’s 50-day moving average is $71.67 and its 200-day moving average is $67.38. W. R. Berkley Corp has a twelve month low of $45.91 and a twelve month high of $73.26. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.48 and a current ratio of 0.48. The stock has a market capitalization of $13.06 billion, a price-to-earnings ratio of 26.69, a P/E/G ratio of 2.74 and a beta of 0.68.

W. R. Berkley (NYSE:WRB) last released its quarterly earnings data on Tuesday, July 23rd. The insurance provider reported $0.82 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.64 by $0.18. W. R. Berkley had a return on equity of 10.55% and a net margin of 8.81%. The company had revenue of $1.65 billion during the quarter, compared to analysts’ expectations of $1.63 billion. During the same period last year, the firm posted $1.40 earnings per share. The business’s revenue was up 4.2% on a year-over-year basis. Analysts predict that W. R. Berkley Corp will post 2.86 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 3rd. Stockholders of record on Thursday, September 19th were given a $0.11 dividend. The ex-dividend date was Wednesday, September 18th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.62%. W. R. Berkley’s payout ratio is 16.48%.

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.

Further Reading: Golden Cross

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

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