W. R. Berkley Co. (NYSE:WRB) Shares Purchased by Iron Horse Wealth Management LLC

Iron Horse Wealth Management LLC boosted its stake in W. R. Berkley Co. (NYSE:WRB) by 50.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,327 shares of the insurance provider’s stock after buying an additional 1,109 shares during the period. Iron Horse Wealth Management LLC’s holdings in W. R. Berkley were worth $189,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Hartford Investment Management Co. raised its stake in shares of W. R. Berkley by 48.3% during the third quarter. Hartford Investment Management Co. now owns 19,364 shares of the insurance provider’s stock valued at $1,099,000 after purchasing an additional 6,303 shares in the last quarter. Greenleaf Trust increased its position in shares of W. R. Berkley by 50.2% during the 3rd quarter. Greenleaf Trust now owns 7,578 shares of the insurance provider’s stock valued at $430,000 after purchasing an additional 2,533 shares during the period. Private Advisor Group LLC boosted its stake in W. R. Berkley by 48.4% during the third quarter. Private Advisor Group LLC now owns 21,331 shares of the insurance provider’s stock valued at $1,210,000 after buying an additional 6,956 shares in the last quarter. Eastern Bank acquired a new position in W. R. Berkley during the third quarter worth about $92,000. Finally, Signaturefd LLC boosted its position in shares of W. R. Berkley by 50.7% during the 3rd quarter. Signaturefd LLC now owns 4,486 shares of the insurance provider’s stock valued at $254,000 after purchasing an additional 1,509 shares in the last quarter. 68.82% of the stock is currently owned by institutional investors.

W. R. Berkley Trading Up 0.5 %

WRB traded up $0.31 during mid-day trading on Wednesday, reaching $58.84. The stock had a trading volume of 314,207 shares, compared to its average volume of 1,802,118. The stock has a market capitalization of $22.56 billion, a P/E ratio of 15.57, a P/E/G ratio of 1.07 and a beta of 0.62. W. R. Berkley Co. has a 52 week low of $43.20 and a 52 week high of $61.96. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.38 and a current ratio of 0.38. The firm’s fifty day simple moving average is $58.28 and its two-hundred day simple moving average is $55.55.

W. R. Berkley (NYSE:WRB) last issued its earnings results on Monday, October 21st. The insurance provider reported $0.93 EPS for the quarter, beating the consensus estimate of $0.92 by $0.01. W. R. Berkley had a net margin of 12.05% and a return on equity of 21.34%. The company had revenue of $2.93 billion during the quarter, compared to analysts’ expectations of $2.93 billion. During the same quarter in the previous year, the company posted $0.90 EPS. The business’s revenue for the quarter was up 10.8% compared to the same quarter last year. On average, equities analysts predict that W. R. Berkley Co. will post 4.02 EPS for the current year.

W. R. Berkley Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 23rd were issued a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 0.54%. The ex-dividend date was Monday, September 23rd. W. R. Berkley’s dividend payout ratio (DPR) is 8.51%.

Wall Street Analysts Forecast Growth

WRB has been the subject of a number of recent analyst reports. Jefferies Financial Group increased their price target on W. R. Berkley from $53.00 to $57.00 and gave the company a “hold” rating in a research report on Wednesday, October 9th. Evercore ISI raised their target price on W. R. Berkley from $57.00 to $60.00 and gave the stock an “in-line” rating in a research report on Tuesday. Barclays started coverage on W. R. Berkley in a research note on Wednesday, September 4th. They set an “underweight” rating and a $56.00 target price on the stock. TD Cowen started coverage on shares of W. R. Berkley in a research note on Monday, July 1st. They issued a “buy” rating and a $68.67 price target on the stock. Finally, UBS Group raised their price target on W. R. Berkley from $67.00 to $69.00 and gave the stock a “buy” rating in a research note on Tuesday. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $63.08.

W. R. Berkley 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.