Creative Planning grew its position in shares of W. R. Berkley Co. (NYSE:WRB – Free Report) by 59.3% in the 3rd quarter, Holdings Channel.com reports. The firm owned 73,973 shares of the insurance provider’s stock after buying an additional 27,539 shares during the period. Creative Planning’s holdings in W. R. Berkley were worth $4,197,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors have also recently made changes to their positions in the company. Sanctuary Advisors LLC purchased a new stake in W. R. Berkley in the 2nd quarter worth $4,801,000. Prudential PLC increased its holdings in W. R. Berkley by 205.9% in the 2nd quarter. Prudential PLC now owns 68,526 shares of the insurance provider’s stock worth $5,385,000 after acquiring an additional 46,125 shares in the last quarter. Stoneridge Investment Partners LLC purchased a new stake in W. R. Berkley in the 2nd quarter worth $3,245,000. ProShare Advisors LLC increased its holdings in W. R. Berkley by 25.6% in the 2nd quarter. ProShare Advisors LLC now owns 49,310 shares of the insurance provider’s stock worth $3,875,000 after acquiring an additional 10,053 shares in the last quarter. Finally, Canada Pension Plan Investment Board increased its holdings in W. R. Berkley by 47.2% in the 2nd quarter. Canada Pension Plan Investment Board now owns 174,543 shares of the insurance provider’s stock worth $13,716,000 after acquiring an additional 55,942 shares in the last quarter. 68.82% of the stock is owned by hedge funds and other institutional investors.
W. R. Berkley Trading Up 0.3 %
Shares of WRB stock opened at $59.32 on Friday. The company’s 50-day moving average price is $58.35 and its 200-day moving average price is $55.60. The company has a current ratio of 0.38, a quick ratio of 0.38 and a debt-to-equity ratio of 0.36. The stock has a market cap of $22.75 billion, a price-to-earnings ratio of 15.78, a PEG ratio of 1.07 and a beta of 0.62. W. R. Berkley Co. has a twelve month low of $43.20 and a twelve month high of $61.96.
W. R. Berkley Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 23rd were given a dividend of $0.08 per share. The ex-dividend date was Monday, September 23rd. This represents a $0.32 annualized dividend and a dividend yield of 0.54%. W. R. Berkley’s payout ratio is 8.51%.
Wall Street Analysts Forecast Growth
Several equities research analysts recently commented on WRB shares. Royal Bank of Canada boosted their price target on shares of W. R. Berkley from $57.00 to $63.00 and gave the stock a “sector perform” rating in a report on Tuesday. UBS Group boosted their price target on shares of W. R. Berkley from $67.00 to $69.00 and gave the stock a “buy” rating in a report on Tuesday. Evercore ISI upped their target price on shares of W. R. Berkley from $57.00 to $60.00 and gave the stock an “in-line” rating in a report on Tuesday. Truist Financial upped their target price on shares of W. R. Berkley from $64.00 to $68.00 and gave the stock a “buy” rating in a report on Thursday, October 17th. Finally, Barclays started coverage on shares of W. R. Berkley in a report on Wednesday, September 4th. They set an “underweight” rating and a $56.00 target price for the company. One analyst has rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, W. R. Berkley presently has a consensus rating of “Hold” and an average price target of $63.08.
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.
Featured Articles
- Five stocks we like better than W. R. Berkley
- What Does Downgrade Mean in Investing?
- Why Meta’s Pre-Earnings Dip Could Be A Golden Entry Opportunity
- The Risks of Owning Bonds
- Spirit Airlines Stock Nearly Doubled: Are Clear Skies Ahead?
- How to Choose Top Rated Stocks
- Tesla Stock: Buy the Dips, Sell the Rips
Want to see what other hedge funds are holding WRB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for W. R. Berkley Co. (NYSE:WRB – Free Report).
Receive News & Ratings for W. R. Berkley Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for W. R. Berkley and related companies with MarketBeat.com's FREE daily email newsletter.