Diversify Wealth Management LLC Raises Stock Holdings in W. R. Berkley Co. (NYSE:WRB)

Diversify Wealth Management LLC grew its holdings in shares of W. R. Berkley Co. (NYSE:WRB) by 22.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 19,440 shares of the insurance provider’s stock after buying an additional 3,598 shares during the period. Diversify Wealth Management LLC’s holdings in W. R. Berkley were worth $1,102,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Armstrong Advisory Group Inc. boosted its stake in W. R. Berkley by 51.0% during the third quarter. Armstrong Advisory Group Inc. now owns 619 shares of the insurance provider’s stock worth $35,000 after acquiring an additional 209 shares in the last quarter. PFS Partners LLC boosted its position in shares of W. R. Berkley by 51.1% in the 3rd quarter. PFS Partners LLC now owns 719 shares of the insurance provider’s stock worth $41,000 after purchasing an additional 243 shares in the last quarter. Quarry LP bought a new position in W. R. Berkley during the 2nd quarter valued at approximately $42,000. Creative Financial Designs Inc. ADV raised its stake in W. R. Berkley by 108.1% during the third quarter. Creative Financial Designs Inc. ADV now owns 801 shares of the insurance provider’s stock valued at $45,000 after buying an additional 416 shares during the last quarter. Finally, Coastline Trust Co bought a new stake in W. R. Berkley in the third quarter worth $47,000. 68.82% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on WRB shares. Royal Bank of Canada lifted their price target on W. R. Berkley from $57.00 to $63.00 and gave the stock a “sector perform” rating in a research report on Tuesday, October 22nd. The Goldman Sachs Group upgraded shares of W. R. Berkley from a “neutral” rating to a “buy” rating and set a $69.00 price target on the stock in a report on Monday, November 25th. Bank of America upped their price objective on W. R. Berkley from $73.00 to $76.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. Truist Financial lifted their target price on W. R. Berkley from $64.00 to $68.00 and gave the stock a “buy” rating in a report on Thursday, October 17th. Finally, Morgan Stanley started coverage on W. R. Berkley in a report on Thursday, December 5th. They set an “equal weight” rating and a $65.00 price target on the stock. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $63.74.

W. R. Berkley Stock Down 1.3 %

Shares of WRB stock opened at $59.57 on Tuesday. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 0.34. W. R. Berkley Co. has a 12 month low of $48.69 and a 12 month high of $65.49. The stock has a market cap of $22.70 billion, a P/E ratio of 15.26, a P/E/G ratio of 1.00 and a beta of 0.67. The company has a 50 day simple moving average of $60.27 and a two-hundred day simple moving average of $58.61.

W. R. Berkley (NYSE:WRB) last announced its earnings results on Monday, October 21st. The insurance provider reported $0.93 EPS for the quarter, topping analysts’ consensus estimates of $0.92 by $0.01. W. R. Berkley had a return on equity of 20.41% and a net margin of 11.96%. The company had revenue of $2.93 billion for the quarter, compared to analysts’ expectations of $2.93 billion. During the same period last year, the firm earned $0.90 EPS. W. R. Berkley’s revenue for the quarter was up 10.8% compared to the same quarter last year. On average, research analysts expect that W. R. Berkley Co. will post 3.95 earnings per share for the current year.

W. R. Berkley Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Monday, December 16th were given a dividend of $0.08 per share. The ex-dividend date was Monday, December 16th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.54%. W. R. Berkley’s payout ratio is currently 8.20%.

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.