YHB Investment Advisors Inc. makes a new investment of $ 309,000 in WR Berkley Co. (NYSE: WRB)


YHB Investment Advisors Inc. bought a new position in WR Berkley Co. (NYSE: WRB – Get Rating) in the first quarter, reports Holdings Channel. The institutional investor purchased 4,633 shares of the insurance provider’s shares worth approximately $ 309,000.

A number of other hedge funds and other institutional investors have also recently added or reduced their stakes in the business. State Street Corp increased its stake in WR Berkley by 1.0% in the fourth quarter. State Street Corp. now owns 7,208,437 shares of the insurance provider’s stock worth $ 593,903,000 after buying an additional 71,757 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC raised its position in WR Berkley by 6.2% in the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 5,691,336 shares of the insurance provider’s shares worth $ 468,910,000 after purchasing an additional 333,012 shares during the period. Victory Capital Management Inc. increased its position in WR Berkley by 2.9% in the fourth quarter. Victory Capital Management Inc. already owns 5,280,875 shares of the insurance provider’s shares worth $ 435,091,000 after purchasing an additional 146,911 shares during the period. JPMorgan Chase & Co. raised its position in WR Berkley by 0.7% in the fourth quarter. JPMorgan Chase & Co. now owns 2,199,208 shares of the insurance provider’s shares worth $ 181,194,000 after purchasing an additional 15,718 shares during the period. Finally, Invesco Ltd. raised its position in WR Berkley by 5.6% in the fourth quarter. Invesco Ltd. now owns 1,537,081 shares of the insurance provider’s shares worth $ 126,639,000 after purchasing an additional 81,641 shares during the period. 49.90% of the shares are currently owned by institutional investors and hedge funds.

Shares of WRB opened at $ 68.03 on Friday. The company’s 50-day moving average price is $ 68.36, and its 200-day moving average price is $ 62.87. The company has a debt to equity ratio of 0.41, a fast ratio of 0.49 and a current ratio of 0.49. WR Berkley Co. has a one-year low of $ 47.13 and a one-year high of $ 72.32. The company has a market capitalization of $ 18.04 billion, a P / E ratio of 13.72, a P / E / G ratio of 1.88 and a beta ratio of 0.75.

WR Berkley (NYSE: WRB – Get Rating) last released its quarterly earnings data on Monday, April 25th. The insurance provider reported $ 1.10 EPS for the quarter, exceeding the consensus estimate of $ 0.92 by $ 0.18. WR Berkley had a net margin of 13.55% and a return on equity of 15.77%. The company had revenue of $ 2.25 billion for the quarter, compared to analysts’ estimates of $ 2.26 billion. In the same period last year, the business reported $ 0.72 EPS. Business revenues for the quarter increased by 21.6% compared to the same quarter last year. As a group, analysts predict that WR Berkley Co. will report 3.9 EPS for the current fiscal year.

The business also recently unveiled a three-month dividend that will be paid on Thursday (July 7th). The record shareholders on Monday, June 27, will receive a dividend of $ 0.10. This is a positive change from WR Berkley’s previous quarterly dividend of $ 0.09. This represents a $ 0.40 annual dividend and a dividend yield of 0.59%. The date of the former dividend of this dividend is Friday, June 24. WR Berkley’s dividend payout ratio is currently 7.06%.

A number of brokerage firms intervened in the WRB. Truist Financial raised its target for WR Berkley’s stock prices from $ 73.33 to $ 83.00 in a research report on Tuesday, April 26. Wells Fargo & Company raised its target for WR Berkley’s stock price from $ 65.00 to $ 76.00 and gave the stock an overweight rating in a research report on Tuesday, April 12th. StockNews.com raised WR Berkley’s shares from a hold to a buy rating in a research report on Thursday (April 28th). Royal Bank of Canada raised its target for WR Berkley’s stock prices from $ 63.00 to $ 75.00 in a research report on Friday, April 8. Finally, Morgan Stanley raised its target share price for WR Berkley from $ 68.00 to $ 70.00 and gave the stock a “weight” rating in a research note on Monday, May 23rd. Three stock research analysts rated the shares with a hold rating and eight gave the company a buy rating. Based on data from MarketBeat, WR Berkley currently has a consensus rating of “Moderate Buying” and an average target price of $ 67.60.

Company Profile WR Berkley (Get a rating)

WR Berkley Corporation, an insurance holding company, operates commercial lines in the United States and internationally. It works in two segments, insurance and reinsurance and monoline excess. The insurance segment undertakes commercial insurance business, including operations with premises, commercial vehicles, property, product liability and lines of general and professional liability.

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Want to see what other hedge funds hold WRB? Visit HoldingsChannel.com to receive the latest 13F orders and domestic deals for WR Berkley Co. (NYSE: WRB – Get rating).

Institutional ownership by quarter for WR Berkley (NYSE: WRB)



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