James G. Shiel Sells 22,000 Shares of W. R. Berkley Corp (WRB) Stock

W. R. Berkley Corp (NYSE:WRB) EVP James G. Shiel sold 22,000 shares of the stock in a transaction on Wednesday, June 13th. The stock was sold at an average price of $77.04, for a total transaction of $1,694,880.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Shares of W. R. Berkley traded down $1.27, reaching $75.28, during trading on Thursday, Marketbeat Ratings reports. The company’s stock had a trading volume of 418,983 shares, compared to its average volume of 387,561. W. R. Berkley Corp has a 52-week low of $62.00 and a 52-week high of $79.74. The stock has a market capitalization of $9.49 billion, a price-to-earnings ratio of 30.60, a price-to-earnings-growth ratio of 2.39 and a beta of 0.81. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.36 and a current ratio of 0.36.

W. R. Berkley (NYSE:WRB) last announced its quarterly earnings data on Tuesday, April 24th. The insurance provider reported $1.00 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.89 by $0.11. W. R. Berkley had a net margin of 7.68% and a return on equity of 6.53%. The company had revenue of $1.57 billion during the quarter, compared to analysts’ expectations of $1.57 billion. During the same quarter in the prior year, the company earned $0.96 EPS. The firm’s revenue was down .2% on a year-over-year basis. equities research analysts forecast that W. R. Berkley Corp will post 3.63 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 5th. Stockholders of record on Friday, June 15th will be paid a $0.15 dividend. This is a boost from W. R. Berkley’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend is Thursday, June 14th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.80%. W. R. Berkley’s dividend payout ratio is 22.76%.

Institutional investors have recently made changes to their positions in the company. Optimum Investment Advisors purchased a new stake in shares of W. R. Berkley in the 1st quarter valued at $127,000. ING Groep NV purchased a new stake in shares of W. R. Berkley in the 4th quarter valued at $202,000. Cobblestone Capital Advisors LLC NY purchased a new stake in shares of W. R. Berkley in the 4th quarter valued at $204,000. Vident Investment Advisory LLC purchased a new stake in shares of W. R. Berkley in the 4th quarter valued at $205,000. Finally, Natixis purchased a new stake in shares of W. R. Berkley in the 1st quarter valued at $205,000. 71.85% of the stock is owned by institutional investors.

WRB has been the topic of a number of research analyst reports. Zacks Investment Research lowered shares of W. R. Berkley from a “hold” rating to a “sell” rating in a report on Saturday, April 7th. Boenning Scattergood reissued a “hold” rating on shares of W. R. Berkley in a report on Wednesday, April 25th. ValuEngine raised shares of W. R. Berkley from a “hold” rating to a “buy” rating in a report on Thursday, April 26th. Finally, Bank of America lowered shares of W. R. Berkley from a “neutral” rating to an “underperform” rating and set a $74.00 price target on the stock. in a report on Thursday. They noted that the move was a valuation call. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $70.38.

W. R. Berkley Company Profile

W. R. Berkley Corporation, an insurance holding company, operates as a commercial lines writer in the United States and internationally. It operates through two segments, Insurance and Reinsurance. The Insurance segment underwrites commercial insurance business, including premises operations, commercial automobile, property, products liability, and professional liability lines.

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