Impact Partnership Wealth LLC Buys New Shares in W. R. Berkley Co. (NYSE:WRB)

Impact Partnership Wealth LLC purchased a new position in W. R. Berkley Co. (NYSE:WRB) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 10,572 shares of the insurance provider’s stock, valued at approximately $600,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. AdvisorNet Financial Inc increased its position in W. R. Berkley by 15.9% during the first quarter. AdvisorNet Financial Inc now owns 1,436 shares of the insurance provider’s stock worth $127,000 after purchasing an additional 197 shares during the last quarter. Sound Income Strategies LLC increased its holdings in shares of W. R. Berkley by 563.2% during the 1st quarter. Sound Income Strategies LLC now owns 451 shares of the insurance provider’s stock worth $40,000 after buying an additional 383 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its position in shares of W. R. Berkley by 6.1% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 7,464 shares of the insurance provider’s stock worth $660,000 after buying an additional 429 shares during the period. Thrive Wealth Management LLC boosted its holdings in W. R. Berkley by 6.4% in the first quarter. Thrive Wealth Management LLC now owns 3,378 shares of the insurance provider’s stock valued at $299,000 after acquiring an additional 204 shares during the last quarter. Finally, Firethorn Wealth Partners LLC acquired a new stake in W. R. Berkley during the first quarter worth about $242,000. Hedge funds and other institutional investors own 68.82% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on WRB shares. StockNews.com lowered W. R. Berkley from a “buy” rating to a “hold” rating in a research note on Thursday, October 3rd. UBS Group boosted their price objective on shares of W. R. Berkley from $67.00 to $69.00 and gave the stock a “buy” rating in a research note on Tuesday. Bank of America increased their price objective on shares of W. R. Berkley from $73.00 to $76.00 and gave the stock a “buy” rating in a research report on Tuesday. Royal Bank of Canada lifted their target price on shares of W. R. Berkley from $57.00 to $63.00 and gave the company a “sector perform” rating in a report on Tuesday. Finally, Truist Financial increased their price target on W. R. Berkley from $64.00 to $68.00 and gave the company a “buy” rating in a report on Thursday, October 17th. One analyst has rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $63.08.

W. R. Berkley Stock Up 0.9 %

WRB traded up $0.56 on Thursday, reaching $59.69. The company’s stock had a trading volume of 81,143 shares, compared to its average volume of 1,802,776. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.38 and a quick ratio of 0.38. W. R. Berkley Co. has a 1 year low of $43.20 and a 1 year high of $61.96. The business’s 50 day moving average is $58.32 and its 200 day moving average is $55.57. The stock has a market cap of $22.89 billion, a price-to-earnings ratio of 15.73, a price-to-earnings-growth ratio of 1.07 and a beta of 0.62.

W. R. Berkley (NYSE:WRB) last released its quarterly earnings results on Monday, October 21st. The insurance provider reported $0.93 earnings per share for the quarter, topping analysts’ consensus estimates of $0.92 by $0.01. The business had revenue of $2.93 billion during the quarter, compared to the consensus estimate of $2.93 billion. W. R. Berkley had a net margin of 12.05% and a return on equity of 21.34%. The business’s quarterly revenue was up 10.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.90 earnings per share. As a group, research analysts forecast that W. R. Berkley Co. will post 4.02 EPS for the current fiscal year.

W. R. Berkley Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 23rd were paid a $0.08 dividend. The ex-dividend date was Monday, September 23rd. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.54%. W. R. Berkley’s dividend payout ratio (DPR) is presently 8.51%.

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.