ORG Wealth Partners LLC Acquires 437 Shares of W. R. Berkley Co. (NYSE:WRB)

ORG Wealth Partners LLC grew its holdings in shares of W. R. Berkley Co. (NYSE:WRB) by 16.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,047 shares of the insurance provider’s stock after buying an additional 437 shares during the quarter. ORG Wealth Partners LLC’s holdings in W. R. Berkley were worth $178,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Acadian Asset Management LLC grew its holdings in W. R. Berkley by 373.5% during the second quarter. Acadian Asset Management LLC now owns 6,014 shares of the insurance provider’s stock worth $471,000 after buying an additional 4,744 shares in the last quarter. Ashton Thomas Private Wealth LLC grew its stake in shares of W. R. Berkley by 32.1% in the 2nd quarter. Ashton Thomas Private Wealth LLC now owns 3,134 shares of the insurance provider’s stock worth $246,000 after acquiring an additional 761 shares in the last quarter. Wedbush Securities Inc. raised its holdings in shares of W. R. Berkley by 4.3% in the second quarter. Wedbush Securities Inc. now owns 9,979 shares of the insurance provider’s stock valued at $784,000 after purchasing an additional 408 shares during the last quarter. Daiwa Securities Group Inc. boosted its holdings in W. R. Berkley by 2.5% during the second quarter. Daiwa Securities Group Inc. now owns 37,020 shares of the insurance provider’s stock worth $2,909,000 after purchasing an additional 911 shares during the last quarter. Finally, AGF Management Ltd. grew its position in W. R. Berkley by 37.5% in the 2nd quarter. AGF Management Ltd. now owns 37,132 shares of the insurance provider’s stock worth $2,918,000 after purchasing an additional 10,129 shares in the last quarter. Institutional investors own 68.82% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on WRB shares. UBS Group lifted their target price on shares of W. R. Berkley from $67.00 to $69.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. Bank of America boosted their price objective on W. R. Berkley from $73.00 to $76.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. Royal Bank of Canada raised their target price on W. R. Berkley from $57.00 to $63.00 and gave the company a “sector perform” rating in a research report on Tuesday, October 22nd. Morgan Stanley started coverage on shares of W. R. Berkley in a report on Thursday, December 5th. They issued an “equal weight” rating and a $65.00 price target on the stock. Finally, Wells Fargo & Company raised their price objective on shares of W. R. Berkley from $63.00 to $68.00 and gave the stock an “overweight” rating in a report on Tuesday, October 22nd. One investment analyst has rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $63.82.

W. R. Berkley Price Performance

NYSE WRB traded down $2.01 on Friday, hitting $56.08. The stock had a trading volume of 653,144 shares, compared to its average volume of 1,374,273. The firm has a 50-day moving average of $60.32 and a 200-day moving average of $58.24. The company has a market capitalization of $21.37 billion, a price-to-earnings ratio of 14.37, a price-to-earnings-growth ratio of 1.17 and a beta of 0.67. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.36 and a current ratio of 0.36. W. R. Berkley Co. has a 52-week low of $47.96 and a 52-week high of $65.49.

W. R. Berkley (NYSE:WRB) last posted its quarterly earnings data on Monday, October 21st. The insurance provider reported $0.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.92 by $0.01. The company had revenue of $2.93 billion during the quarter, compared to analyst estimates of $2.93 billion. W. R. Berkley had a return on equity of 20.41% and a net margin of 11.96%. The firm’s quarterly revenue was up 10.8% on a year-over-year basis. During the same quarter last year, the company earned $0.90 earnings per share. Equities analysts expect that W. R. Berkley Co. will post 3.96 EPS for the current year.

W. R. Berkley Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Monday, December 16th were given a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 0.57%. The ex-dividend date was Monday, December 16th. W. R. Berkley’s dividend payout ratio (DPR) is 8.21%.

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.