<div id="readability-page-1"><p>W. R. Berkley Co. (NYSE:WRB - Free Report) shares are scheduled to split on Wednesday, July 10th. The 3-2 split was announced on Wednesday, June 12th. The newly created shares will be issued to shareholders after the closing bell on Tuesday, July 9th.</p><div><p><span></span><span>Get <strong>W. R. Berkley</strong> alerts:</span></p></div><h2>W. R. Berkley Stock Down 0.7 %</h2><ul><li>S&amp;P 500's surge to new highs: Bull trap hiding in plain sight?</li></ul><p>WRB stock opened at $80.49 on Monday. The stock has a fifty day moving average of $79.36 and a 200-day moving average of $79.51. W. R. Berkley has a fifty-two week low of $57.42 and a fifty-two week high of $89.18. The company has a market capitalization of $20.58 billion, a price-to-earnings ratio of 14.27, a PEG ratio of 1.05 and a beta of 0.63. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.36 and a current ratio of 0.36. </p><p>W. R. Berkley (NYSE:WRB - Get Free Report) last released its quarterly earnings data on Tuesday, April 23rd. The insurance provider reported $1.56 EPS for the quarter, beating the consensus estimate of $1.46 by $0.10. W. R. Berkley had a net margin of 12.23% and a return on equity of 20.51%. The business had revenue of $2.76 billion for the quarter, compared to the consensus estimate of $2.77 billion. During the same period in the prior year, the firm earned $1.00 earnings per share. The company's revenue was up 11.0% compared to the same quarter last year. As a group, equities research analysts predict that W. R. Berkley will post 5.82 earnings per share for the current year. </p><h2>W. R. Berkley Increases Dividend</h2><ul><li>Don't Overlook Hidden Gem Kinsale As Rallies To New Highs</li></ul><p>The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Monday, June 24th will be issued a dividend of $0.12 per share. This is a boost from W. R. Berkley's previous quarterly dividend of $0.11. The ex-dividend date is Monday, June 24th. This represents a $0.48 dividend on an annualized basis and a yield of 0.60%. W. R. Berkley's payout ratio is presently 7.80%. </p><h2>Analysts Set New Price Targets</h2><p>A number of research firms recently issued reports on WRB. Wells Fargo &amp; Company decreased their price objective on W. R. Berkley from $99.00 to $94.00 and set an &#34;overweight&#34; rating on the stock in a research note on Wednesday, April 24th. Truist Financial lowered their price target on shares of W. R. Berkley from $95.00 to $93.00 and set a &#34;buy&#34; rating on the stock in a report on Wednesday, April 24th. BMO Capital Markets cut their price objective on shares of W. R. Berkley from $93.00 to $87.00 and set a &#34;market perform&#34; rating for the company in a research report on Wednesday, April 24th. The Goldman Sachs Group lowered shares of W. R. Berkley from a &#34;buy&#34; rating to a &#34;neutral&#34; rating and decreased their target price for the stock from $88.00 to $83.00 in a report on Thursday, June 13th. Finally, Royal Bank of Canada cut their price target on shares of W. R. Berkley from $88.00 to $86.00 and set a &#34;sector perform&#34; rating for the company in a report on Wednesday, April 24th. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of &#34;Hold&#34; and a consensus target price of $88.88.</p><p><b>Check Out Our Latest Research Report on W. R. Berkley</b></p><h2>Institutional Trading of W. R. Berkley</h2><p>Hedge funds have recently made changes to their positions in the stock. Bruce G. Allen Investments LLC bought a new stake in W. R. Berkley during the fourth quarter worth about $25,000. Glassman Wealth Services boosted its stake in W. R. Berkley by 123.1% in the fourth quarter. Glassman Wealth Services now owns 357 shares of the insurance provider's stock worth $25,000 after buying an additional 197 shares in the last quarter. Parkside Financial Bank &amp; Trust boosted its stake in W. R. Berkley by 106.1% in the third quarter. Parkside Financial Bank &amp; Trust now owns 406 shares of the insurance provider's stock worth $26,000 after buying an additional 209 shares in the last quarter. Raleigh Capital Management Inc. raised its stake in shares of W. R. Berkley by 132.6% during the third quarter. Raleigh Capital Management Inc. now owns 414 shares of the insurance provider's stock worth $26,000 after acquiring an additional 236 shares in the last quarter. Finally, VisionPoint Advisory Group LLC bought a new stake in shares of W. R. Berkley in the 3rd quarter worth approximately $27,000. 68.82% of the stock is owned by institutional investors. </p><h2>About W. R. Berkley</h2> (Get Free Report)<p>W. R. Berkley Corporation, an insurance holding company, operates as a commercial lines writers worldwide. It operates in two segments, Insurance and Reinsurance &amp; Monoline Excess. The Insurance segment underwrites commercial insurance business, including excess and surplus lines, admitted lines, and specialty personal lines.</p><h2>Featured Articles</h2><ul><li>Five stocks we like better than W. R. Berkley</li><li>Market Cap Calculator: How to Calculate Market Cap</li><li>Micron Technology Stock Volatile Despite Analyst Upgrades</li><li>Retail Stocks Investing, Explained</li><li>McDonald's Stock: Balancing Value and Innovation</li><li>Asset Allocation: The Key to a Successful Portfolio. Are You Paying Attention to Yours?</li><li>MarketBeat Week in Review – 6/17 - 6/21</li></ul><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. 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<p>W. R. Berkley Co. (NYSE:WRB) shares are set to split on Wednesday, July 10th. The 3-2 split was announced on Wednesday, June 12th, and the newly issued shares will be distributed to shareholders on Tuesday, July 9th. The company's stock currently has a market capitalization of $20.58 billion and a price-to-earnings ratio of 14.27.</p>

W. R. Berkley Stock Set to Split on Wednesday, July 10th (NYSE:WRB)