Citizens National Bank Trust Department Has $1.77 Million Stock Holdings in W. R. Berkley Co. (NYSE:WRB)

Citizens National Bank Trust Department lessened its position in W. R. Berkley Co. (NYSE:WRB) by 7.2% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 30,269 shares of the insurance provider’s stock after selling 2,341 shares during the period. Citizens National Bank Trust Department’s holdings in W. R. Berkley were worth $1,771,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. PFS Partners LLC boosted 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 purchasing an additional 243 shares in the last quarter. Catalyst Capital Advisors LLC acquired a new stake in shares of W. R. Berkley in the 4th quarter valued at $42,000. Creative Financial Designs Inc. ADV boosted its stake in shares of W. R. Berkley by 108.1% in the 3rd quarter. Creative Financial Designs Inc. ADV now owns 801 shares of the insurance provider’s stock valued at $45,000 after purchasing an additional 416 shares in the last quarter. Coastline Trust Co bought a new position in shares of W. R. Berkley in the third quarter valued at about $47,000. Finally, Raleigh Capital Management Inc. raised its holdings in shares of W. R. Berkley by 45.6% in the third quarter. Raleigh Capital Management Inc. now owns 843 shares of the insurance provider’s stock valued at $48,000 after buying an additional 264 shares during the last quarter. Institutional investors and hedge funds own 68.82% of the company’s stock.

W. R. Berkley Price Performance

W. R. Berkley stock opened at $60.89 on Thursday. The firm has a market capitalization of $23.20 billion, a P/E ratio of 13.95, a PEG ratio of 1.56 and a beta of 0.67. W. R. Berkley Co. has a 1 year low of $50.73 and a 1 year high of $65.49. The business has a 50-day moving average of $59.22 and a 200-day moving average of $59.17. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 0.34.

W. R. Berkley (NYSE:WRB) last posted its earnings results on Monday, January 27th. The insurance provider reported $1.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.95 by $0.18. W. R. Berkley had a return on equity of 20.83% and a net margin of 12.88%. On average, equities analysts anticipate that W. R. Berkley Co. will post 4.33 EPS for the current year.

W. R. Berkley Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Monday, December 16th were given a $0.08 dividend. The ex-dividend date of this dividend was Monday, December 16th. This represents a $0.32 annualized dividend and a dividend yield of 0.53%. W. R. Berkley’s dividend payout ratio is presently 7.33%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Morgan Stanley assumed coverage on W. R. Berkley in a report on Thursday, December 5th. They issued an “equal weight” rating and a $65.00 price target for the company. Keefe, Bruyette & Woods lifted their price target on W. R. Berkley from $60.00 to $61.00 and gave the company a “market perform” rating in a report on Tuesday, January 28th. The Goldman Sachs Group raised W. R. Berkley from a “neutral” rating to a “buy” rating and set a $69.00 price target for the company in a report on Monday, November 25th. StockNews.com raised W. R. Berkley from a “hold” rating to a “buy” rating in a report on Friday, February 14th. Finally, Royal Bank of Canada reissued a “sector perform” rating and set a $63.00 price objective on shares of W. R. Berkley in a report on Tuesday, January 28th. One research analyst has rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $64.36.

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.