W.R. Berkley Corporation $WRB Shares Sold by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership decreased its holdings in shares of W.R. Berkley Corporation (NYSE:WRB - Free Report) by 21.3% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,074,551 shares of the insurance provider's stock after selling 290,395 shares during the period. Arrowstreet Capital Limited Partnership owned approximately 0.28% of W.R. Berkley worth $78,947,000 as of its most recent filing with the Securities and Exchange Commission.

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Other hedge funds have also recently added to or reduced their stakes in the company. Hilltop National Bank acquired a new stake in W.R. Berkley during the 2nd quarter worth about $27,000. Elevation Point Wealth Partners LLC purchased a new position in shares of W.R. Berkley in the second quarter worth approximately $34,000. Keystone Global Partners LLC acquired a new stake in shares of W.R. Berkley during the first quarter valued at approximately $41,000. Whipplewood Advisors LLC boosted its stake in W.R. Berkley by 148.4% in the 2nd quarter. Whipplewood Advisors LLC now owns 616 shares of the insurance provider's stock worth $45,000 after purchasing an additional 368 shares during the period. Finally, REAP Financial Group LLC boosted its stake in W.R. Berkley by 148.2% in the 2nd quarter. REAP Financial Group LLC now owns 633 shares of the insurance provider's stock worth $46,000 after purchasing an additional 378 shares during the period. Institutional investors and hedge funds own 68.82% of the company's stock.

Analysts Set New Price Targets

Several analysts have recently commented on WRB shares. Wolfe Research began coverage on W.R. Berkley in a report on Monday, September 15th. They set a "peer perform" rating on the stock. UBS Group reaffirmed a "neutral" rating and issued a $87.00 target price on shares of W.R. Berkley in a research report on Friday, November 7th. Morgan Stanley set a $80.00 price target on W.R. Berkley in a report on Monday, November 17th. Cantor Fitzgerald set a $78.00 price target on W.R. Berkley in a research note on Monday, October 27th. Finally, Truist Financial set a $84.00 target price on shares of W.R. Berkley and gave the company a "buy" rating in a research note on Tuesday, October 21st. Three research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $74.85.

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Read Our Latest Research Report on W.R. Berkley

W.R. Berkley Stock Performance

NYSE WRB opened at $71.73 on Thursday. W.R. Berkley Corporation has a 52-week low of $55.97 and a 52-week high of $78.96. The firm has a market capitalization of $27.26 billion, a price-to-earnings ratio of 15.07, a P/E/G ratio of 2.79 and a beta of 0.37. The company's fifty day moving average is $75.63 and its two-hundred day moving average is $73.08. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.37 and a quick ratio of 0.37.

W.R. Berkley (NYSE:WRB - Get Free Report) last released its quarterly earnings data on Monday, October 20th. The insurance provider reported $1.10 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.07 by $0.03. The business had revenue of $3.77 billion for the quarter, compared to analysts' expectations of $3.16 billion. W.R. Berkley had a return on equity of 18.86% and a net margin of 13.01%.W.R. Berkley's quarterly revenue was up 10.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.93 earnings per share. Equities research analysts forecast that W.R. Berkley Corporation will post 4.33 EPS for the current year.

W.R. Berkley Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 22nd were paid a $0.09 dividend. The ex-dividend date of this dividend was Monday, September 22nd. This represents a $0.36 dividend on an annualized basis and a yield of 0.5%. W.R. Berkley's payout ratio is presently 7.56%.

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.

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