Aurelius Family Office LLC Makes New $878,000 Investment in W. R. Berkley Co. (NYSE:WRB)

Aurelius Family Office LLC bought a new position in shares of W. R. Berkley Co. (NYSE:WRB) during the fourth quarter, Holdings Channel.com reports. The fund bought 14,999 shares of the insurance provider’s stock, valued at approximately $878,000.

A number of other large investors have also made changes to their positions in the stock. Lecap Asset Management Ltd. bought a new position in shares of W. R. Berkley in the fourth quarter worth about $1,722,000. Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in shares of W. R. Berkley by 2.4% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 34,009 shares of the insurance provider’s stock worth $1,990,000 after purchasing an additional 787 shares in the last quarter. Strategic Financial Concepts LLC bought a new stake in W. R. Berkley during the 4th quarter worth approximately $1,062,000. GHP Investment Advisors Inc. boosted its position in shares of W. R. Berkley by 1.9% during the fourth quarter. GHP Investment Advisors Inc. now owns 179,414 shares of the insurance provider’s stock worth $10,499,000 after buying an additional 3,410 shares during the period. Finally, Elm3 Financial Group LLC bought a new stake in W. R. Berkley in the 4th quarter valued at approximately $1,960,000. Institutional investors and hedge funds own 68.82% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Keefe, Bruyette & Woods upped their target price on W. R. Berkley from $60.00 to $61.00 and gave the stock a “market perform” rating in a report on Tuesday, January 28th. Truist Financial increased their price objective on W. R. Berkley from $64.00 to $68.00 and gave the company a “buy” rating in a report on Thursday, October 17th. The Goldman Sachs Group upgraded shares of W. R. Berkley from a “neutral” rating to a “buy” rating and set a $69.00 target price on the stock in a report on Monday, November 25th. Evercore ISI boosted their price objective on shares of W. R. Berkley from $57.00 to $60.00 and gave the stock an “in-line” rating in a research note on Tuesday, October 22nd. Finally, Morgan Stanley started coverage on shares of W. R. Berkley in a research note on Thursday, December 5th. They set an “equal weight” rating and a $65.00 target price for the company. One analyst has rated the stock with a sell rating, seven have given a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $64.36.

W. R. Berkley Stock Up 0.1 %

Shares of NYSE:WRB opened at $61.51 on Friday. The stock’s 50-day moving average is $59.58 and its 200 day moving average is $58.68. W. R. Berkley Co. has a 1 year low of $50.73 and a 1 year high of $65.49. The company has a market cap of $23.44 billion, a PE ratio of 14.10, a P/E/G ratio of 1.52 and a beta of 0.67. 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 (NYSE:WRB) last announced its 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 net margin of 12.88% and a return on equity of 20.83%. Sell-side analysts anticipate that W. R. Berkley Co. will post 4.35 EPS for the current year.

W. R. Berkley Dividend Announcement

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

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.