W. R. Berkley Co. (NYSE:WRB) Shares Sold by Inspire Investing LLC

Inspire Investing LLC cut its stake in W. R. Berkley Co. (NYSE:WRB) by 7.0% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 18,532 shares of the insurance provider’s stock after selling 1,389 shares during the quarter. Inspire Investing LLC’s holdings in W. R. Berkley were worth $1,084,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. Armstrong Advisory Group Inc. grew its holdings in shares of W. R. Berkley by 51.0% in the third quarter. Armstrong Advisory Group Inc. now owns 619 shares of the insurance provider’s stock valued at $35,000 after purchasing an additional 209 shares during the period. PFS Partners LLC grew its stake 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 valued at $41,000 after buying an additional 243 shares during the period. Quarry LP acquired a new stake in shares of W. R. Berkley during the 2nd quarter worth approximately $42,000. Creative Financial Designs Inc. ADV increased 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 worth $45,000 after acquiring an additional 416 shares during the last quarter. Finally, Coastline Trust Co purchased a new stake in W. R. Berkley in the third quarter valued at $47,000. Hedge funds and other institutional investors own 68.82% of the company’s stock.

W. R. Berkley Trading Down 3.6 %

NYSE:WRB opened at $56.93 on Friday. W. R. Berkley Co. has a 12-month low of $50.73 and a 12-month high of $65.49. The firm has a market cap of $21.69 billion, a PE ratio of 14.58, a price-to-earnings-growth ratio of 1.04 and a beta of 0.67. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 0.34. The stock has a fifty day moving average price of $60.22 and a 200 day moving average price of $58.66.

W. R. Berkley (NYSE:WRB) last announced 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. W. R. Berkley had a return on equity of 20.41% and a net margin of 11.96%. The business had revenue of $2.93 billion during the quarter, compared to analysts’ expectations of $2.93 billion. During the same quarter last year, the business posted $0.90 EPS. The business’s quarterly revenue was up 10.8% compared to the same quarter last year. Sell-side analysts anticipate that W. R. Berkley Co. will post 3.95 earnings per share for the current fiscal year.

W. R. Berkley Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Monday, December 16th were issued a $0.08 dividend. The ex-dividend date was Monday, December 16th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.56%. W. R. Berkley’s payout ratio is 8.20%.

Wall Street Analysts Forecast Growth

WRB has been the subject of a number of research analyst reports. Jefferies Financial Group increased their price target on W. R. Berkley from $53.00 to $57.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th. UBS Group lifted their price target on shares of W. R. Berkley from $67.00 to $69.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. Barclays reduced their price target on shares of W. R. Berkley from $56.00 to $50.00 and set an “underweight” rating on the stock in a research note on Monday, January 6th. Truist Financial increased their price objective on shares of W. R. Berkley from $64.00 to $68.00 and gave the stock a “buy” rating in a research report on Thursday, October 17th. Finally, StockNews.com lowered W. R. Berkley from a “buy” rating to a “hold” rating in a research report on Thursday, January 16th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the stock. According to MarketBeat, W. R. Berkley presently has an average rating of “Hold” and a consensus price target of $63.74.

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.