Woodward Diversified Capital LLC Sells 1,018 Shares of W. R. Berkley Co. (NYSE:WRB)

Woodward Diversified Capital LLC cut its holdings in W. R. Berkley Co. (NYSE:WRB) by 20.6% during the 4th quarter, HoldingsChannel.com reports. The fund owned 3,916 shares of the insurance provider’s stock after selling 1,018 shares during the period. Woodward Diversified Capital LLC’s holdings in W. R. Berkley were worth $229,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Armstrong Advisory Group Inc. lifted its holdings in shares of W. R. Berkley by 51.0% during 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 in the last quarter. PFS Partners LLC raised its position in W. R. Berkley by 51.1% in the 3rd quarter. PFS Partners LLC now owns 719 shares of the insurance provider’s stock worth $41,000 after buying an additional 243 shares during the last quarter. Creative Financial Designs Inc. ADV boosted its holdings in shares of W. R. Berkley by 108.1% during the 3rd quarter. Creative Financial Designs Inc. ADV now owns 801 shares of the insurance provider’s stock valued at $45,000 after acquiring an additional 416 shares during the last quarter. Coastline Trust Co bought a new stake in shares of W. R. Berkley in the third quarter worth approximately $47,000. Finally, Raleigh Capital Management Inc. lifted its position in W. R. Berkley by 45.6% during the third quarter. Raleigh Capital Management Inc. now owns 843 shares of the insurance provider’s stock valued at $48,000 after purchasing an additional 264 shares during the period. 68.82% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

WRB has been the subject of a number of research analyst reports. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $63.00 target price on shares of W. R. Berkley in a research report on Tuesday, January 28th. Truist Financial lifted their price objective on W. R. Berkley from $64.00 to $68.00 and gave the stock a “buy” rating in a report on Thursday, October 17th. Wells Fargo & Company raised their target price on W. R. Berkley from $67.00 to $70.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 28th. StockNews.com lowered shares of W. R. Berkley from a “buy” rating to a “hold” rating in a research report on Thursday. Finally, Keefe, Bruyette & Woods raised their price objective on shares of W. R. Berkley from $60.00 to $61.00 and gave the stock a “market perform” rating in a report on Tuesday, January 28th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $64.36.

W. R. Berkley Stock Performance

Shares of NYSE WRB opened at $61.51 on Friday. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.36 and a quick ratio of 0.36. W. R. Berkley Co. has a 1 year low of $50.73 and a 1 year high of $65.49. The firm has a fifty day moving average price of $59.58 and a 200-day moving average price of $58.68. The stock has a market cap of $23.44 billion, a PE ratio of 14.10, a price-to-earnings-growth ratio of 1.52 and a beta of 0.67.

W. R. Berkley (NYSE:WRB) last posted its quarterly earnings results on Monday, January 27th. The insurance provider reported $1.13 EPS for the quarter, beating analysts’ consensus estimates of $0.95 by $0.18. W. R. Berkley had a return on equity of 20.83% and a net margin of 12.88%. Equities analysts anticipate that W. R. Berkley Co. will post 4.35 earnings per share for the current fiscal year.

W. R. Berkley Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Monday, December 16th were issued a $0.08 dividend. The ex-dividend date of this dividend was Monday, December 16th. This represents a $0.32 dividend on an annualized basis and a yield of 0.52%. W. R. Berkley’s dividend payout ratio is presently 7.33%.

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.