Speece Thorson Capital Group Inc. increased its position in shares of W.R. Berkley Corporation (NYSE:WRB) by 1.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 149,339 shares of the insurance provider’s stock after purchasing an additional 1,564 shares during the period. W.R. Berkley Corporation accounts for about 2.1% of Speece Thorson Capital Group Inc.’s holdings, making the stock its 26th biggest holding. Speece Thorson Capital Group Inc. owned approximately 0.12% of W.R. Berkley Corporation worth $9,967,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently added to or reduced their stakes in the stock. Teachers Advisors LLC boosted its stake in shares of W.R. Berkley Corporation by 0.4% in the first quarter. Teachers Advisors LLC now owns 290,738 shares of the insurance provider’s stock valued at $20,535,000 after purchasing an additional 1,041 shares during the period. Thrivent Financial For Lutherans raised its holdings in W.R. Berkley Corporation by 11.7% during the first quarter. Thrivent Financial For Lutherans now owns 18,645 shares of the insurance provider’s stock worth $1,317,000 after purchasing an additional 1,950 shares in the last quarter. Morgan Stanley raised its holdings in W.R. Berkley Corporation by 24.1% during the first quarter. Morgan Stanley now owns 279,449 shares of the insurance provider’s stock worth $19,737,000 after purchasing an additional 54,345 shares in the last quarter. Renaissance Technologies LLC acquired a new stake in W.R. Berkley Corporation during the first quarter worth approximately $2,981,000. Finally, Schwab Charles Investment Management Inc. raised its holdings in W.R. Berkley Corporation by 6.6% during the first quarter. Schwab Charles Investment Management Inc. now owns 323,519 shares of the insurance provider’s stock worth $22,851,000 after purchasing an additional 20,077 shares in the last quarter. Hedge funds and other institutional investors own 70.49% of the company’s stock.
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A number of equities analysts have recently commented on WRB shares. Deutsche Bank AG lifted their target price on shares of W.R. Berkley Corporation from $65.00 to $66.00 and gave the company a “hold” rating in a report on Wednesday, October 25th. Bank of America Corporation boosted their price objective on shares of W.R. Berkley Corporation from $73.00 to $74.00 and gave the company a “neutral” rating in a research note on Wednesday, October 25th. Boenning Scattergood reiterated a “hold” rating on shares of W.R. Berkley Corporation in a research report on Wednesday, October 25th. UBS AG boosted their price objective on shares of W.R. Berkley Corporation from $63.00 to $66.00 and gave the stock a “sell” rating in a research report on Wednesday, October 25th. Finally, Zacks Investment Research lowered shares of W.R. Berkley Corporation from a “hold” rating to a “sell” rating in a report on Thursday, October 12th. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and one has assigned a buy rating to the company’s stock. W.R. Berkley Corporation has an average rating of “Hold” and an average target price of $67.75.
W.R. Berkley Corporation (NYSE:WRB) opened at $67.78 on Wednesday. W.R. Berkley Corporation has a one year low of $58.15 and a one year high of $73.17. The company has a market capitalization of $8,372.17, a P/E ratio of 27.17, a PEG ratio of 3.15 and a beta of 0.92. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.34 and a current ratio of 0.34.
The business also recently announced a quarterly dividend, which will be paid on Thursday, December 14th. Shareholders of record on Thursday, November 30th will be given a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 0.83%. The ex-dividend date is Wednesday, November 29th. W.R. Berkley Corporation’s dividend payout ratio is presently 13.11%.
W.R. Berkley Corporation declared that its Board of Directors has approved a share repurchase plan on Tuesday, August 8th that allows the company to buyback 10,000,000 outstanding shares. This buyback authorization allows the insurance provider to purchase shares of its stock through open market purchases. Shares buyback plans are usually a sign that the company’s board believes its shares are undervalued.
W.R. Berkley Corporation Company Profile
W. R. Berkley Corporation is an insurance holding company. It operates through two segments: Insurance and Reinsurance-Global. The Insurance segment consists of its commercial insurance business operations, comprising excess and surplus lines, and admitted lines, throughout the United States, as well as its insurance business operations in the United Kingdom, Continental Europe, South America, Canada, Mexico, Scandinavia, Asia and Australia.
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