Public Employees Retirement Association of Colorado Sells 620 Shares of W. R. Berkley Co. (NYSE:WRB)

Public Employees Retirement Association of Colorado cut its position in W. R. Berkley Co. (NYSE:WRB) by 0.2% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 283,061 shares of the insurance provider’s stock after selling 620 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in W. R. Berkley were worth $22,243,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Brighton Jones LLC raised its stake in shares of W. R. Berkley by 1.7% during the 2nd quarter. Brighton Jones LLC now owns 12,879 shares of the insurance provider’s stock worth $1,012,000 after acquiring an additional 212 shares in the last quarter. Intech Investment Management LLC grew its holdings in W. R. Berkley by 29.9% in the second quarter. Intech Investment Management LLC now owns 126,950 shares of the insurance provider’s stock worth $9,976,000 after purchasing an additional 29,201 shares during the last quarter. Blair William & Co. IL increased its position in shares of W. R. Berkley by 39.1% during the second quarter. Blair William & Co. IL now owns 6,322 shares of the insurance provider’s stock worth $497,000 after purchasing an additional 1,778 shares in the last quarter. Vanguard Personalized Indexing Management LLC lifted its holdings in shares of W. R. Berkley by 16.1% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 16,184 shares of the insurance provider’s stock valued at $1,272,000 after purchasing an additional 2,247 shares during the last quarter. Finally, Meiji Yasuda Asset Management Co Ltd. boosted its position in shares of W. R. Berkley by 8.7% in the 2nd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 28,879 shares of the insurance provider’s stock worth $2,269,000 after purchasing an additional 2,316 shares in the last quarter. 68.82% of the stock is owned by hedge funds and other institutional investors.

W. R. Berkley Trading Down 0.1 %

NYSE WRB opened at $57.45 on Friday. W. R. Berkley Co. has a 1 year low of $41.37 and a 1 year high of $61.28. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.38 and a quick ratio of 0.38. The company has a market capitalization of $22.03 billion, a PE ratio of 15.28, a P/E/G ratio of 1.05 and a beta of 0.62. The company has a fifty day moving average of $56.76 and a 200 day moving average of $73.16.

W. R. Berkley (NYSE:WRB) last issued its quarterly earnings data on Monday, July 22nd. The insurance provider reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.92 by $0.12. The business had revenue of $3.31 billion during the quarter, compared to analysts’ expectations of $2.84 billion. W. R. Berkley had a return on equity of 21.34% and a net margin of 12.05%. The company’s revenue for the quarter was up 10.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.14 EPS. Research analysts forecast that W. R. Berkley Co. will post 4.03 earnings per share for the current year.

W. R. Berkley Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Monday, September 23rd will be paid a dividend of $0.08 per share. The ex-dividend date of this dividend is Monday, September 23rd. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.56%. W. R. Berkley’s payout ratio is 8.51%.

Analyst Ratings Changes

Several brokerages recently issued reports on WRB. TD Cowen began coverage on W. R. Berkley in a research report on Monday, July 1st. They set a “buy” rating and a $103.00 target price on the stock. Barclays began coverage on shares of W. R. Berkley in a report on Wednesday, September 4th. They set an “underweight” rating and a $56.00 price objective on the stock. StockNews.com cut shares of W. R. Berkley from a “buy” rating to a “hold” rating in a research note on Wednesday, September 4th. The Goldman Sachs Group lowered shares of W. R. Berkley from a “buy” rating to a “neutral” rating and cut their price target for the company from $88.00 to $83.00 in a research note on Thursday, June 13th. Finally, Wells Fargo & Company lowered their price objective on shares of W. R. Berkley from $62.00 to $59.00 and set an “overweight” rating for the company in a research note on Tuesday, July 23rd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $77.70.

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.