Sepio Capital LP Sells 582 Shares of W. R. Berkley Co. (NYSE:WRB)

Sepio Capital LP decreased its position in shares of W. R. Berkley Co. (NYSE:WRB) by 1.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 32,440 shares of the insurance provider’s stock after selling 582 shares during the quarter. Sepio Capital LP’s holdings in W. R. Berkley were worth $2,549,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in WRB. Cambridge Investment Research Advisors Inc. increased its position in W. R. Berkley by 108.1% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 28,747 shares of the insurance provider’s stock valued at $2,033,000 after purchasing an additional 14,933 shares during the period. Commerce Bank increased its holdings in W. R. Berkley by 5.3% during the fourth quarter. Commerce Bank now owns 8,332 shares of the insurance provider’s stock valued at $589,000 after buying an additional 422 shares during the period. Steward Partners Investment Advisory LLC raised its stake in W. R. Berkley by 35.9% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 20,846 shares of the insurance provider’s stock worth $1,474,000 after buying an additional 5,509 shares in the last quarter. TD Asset Management Inc lifted its holdings in W. R. Berkley by 23.6% during the fourth quarter. TD Asset Management Inc now owns 345,777 shares of the insurance provider’s stock worth $24,453,000 after buying an additional 65,922 shares during the period. Finally, TFO Wealth Partners LLC boosted its position in W. R. Berkley by 34,662.5% during the 4th quarter. TFO Wealth Partners LLC now owns 2,781 shares of the insurance provider’s stock valued at $197,000 after acquiring an additional 2,773 shares in the last quarter. Hedge funds and other institutional investors own 68.82% of the company’s stock.

W. R. Berkley Trading Down 0.4 %

W. R. Berkley stock opened at $56.51 on Friday. W. R. Berkley Co. has a 52 week low of $41.37 and a 52 week high of $61.28. The company has a quick ratio of 0.38, a current ratio of 0.38 and a debt-to-equity ratio of 0.36. The company has a market capitalization of $21.67 billion, a price-to-earnings ratio of 15.03, a price-to-earnings-growth ratio of 1.05 and a beta of 0.62. The stock has a 50-day moving average price of $56.89 and a 200 day moving average price of $72.40.

W. R. Berkley (NYSE:WRB) last released its quarterly earnings data on Monday, July 22nd. The insurance provider reported $1.04 earnings per share for the quarter, topping analysts’ consensus estimates of $0.92 by $0.12. W. R. Berkley had a net margin of 12.05% and a return on equity of 21.34%. The firm had revenue of $3.31 billion for the quarter, compared to analyst estimates of $2.84 billion. During the same quarter in the prior year, the business earned $1.14 earnings per share. The business’s quarterly revenue was up 10.6% compared to the same quarter last year. Sell-side analysts anticipate that W. R. Berkley Co. will post 4.03 EPS for the current year.

W. R. Berkley Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Monday, September 23rd will be paid a $0.08 dividend. 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 0.57%. W. R. Berkley’s payout ratio is 8.51%.

Analyst Ratings Changes

WRB has been the subject of a number of analyst reports. Royal Bank of Canada restated a “sector perform” rating and set a $57.00 price objective on shares of W. R. Berkley in a research note on Tuesday, July 23rd. Truist Financial increased their price target on shares of W. R. Berkley from $62.00 to $64.00 and gave the company a “buy” rating in a research report on Tuesday, July 23rd. TD Cowen initiated coverage on shares of W. R. Berkley in a research report on Monday, July 1st. They issued a “buy” rating and a $103.00 price objective on the stock. StockNews.com upgraded W. R. Berkley from a “hold” rating to a “buy” rating in a report on Wednesday. Finally, The Goldman Sachs Group downgraded W. R. Berkley from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $88.00 to $83.00 in a research note on Thursday, June 13th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, W. R. Berkley currently has a consensus rating of “Hold” and an average price target of $77.70.

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.