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

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

Shares of WRB stock traded up $0.29 during trading hours on Friday, reaching $72.41. The stock had a trading volume of 532,300 shares, compared to its average volume of 397,351. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 0.49. W. R. Berkley Corp has a twelve month low of $62.00 and a twelve month high of $79.74. The stock has a market cap of $8.74 billion, a PE ratio of 29.43, a price-to-earnings-growth ratio of 2.20 and a beta of 0.81.

W. R. Berkley (NYSE:WRB) last released its quarterly earnings data on Tuesday, April 24th. The insurance provider reported $1.00 earnings per share for the quarter, topping 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 business had revenue of $1.57 billion for the quarter, compared to analysts’ expectations of $1.57 billion. During the same quarter last year, the company earned $0.96 EPS. The company’s revenue for the quarter was down .2% compared to the same quarter last year. equities analysts forecast that W. R. Berkley Corp will post 3.63 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 5th. Investors of record on Friday, June 15th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.83%. The ex-dividend date is Thursday, June 14th. This is a boost from W. R. Berkley’s previous quarterly dividend of $0.14. W. R. Berkley’s dividend payout ratio (DPR) is 24.39%.

A number of research analysts have recently issued reports on the stock. ValuEngine downgraded shares of W. R. Berkley from a “buy” rating to a “hold” rating in a research report on Monday, June 18th. Goldman Sachs Group assumed coverage on shares of W. R. Berkley in a research report on Monday, June 18th. They issued a “sell” rating and a $74.00 price target on the stock. They noted that the move was a valuation call. Bank of America downgraded 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 research report on Thursday, June 14th. They noted that the move was a valuation call. Boenning Scattergood restated a “hold” rating on shares of W. R. Berkley in a research report on Wednesday, April 25th. Finally, Zacks Investment Research upgraded shares of W. R. Berkley from a “sell” rating to a “hold” rating in a research report on Friday, April 27th. Four research analysts have rated the stock with a sell rating and eight have given a hold rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $70.78.

Several hedge funds have recently added to or reduced their stakes in WRB. Optimum Investment Advisors acquired a new position in W. R. Berkley during the 1st quarter valued at about $127,000. ING Groep NV acquired a new position in W. R. Berkley during the 4th quarter valued at about $202,000. Cobblestone Capital Advisors LLC NY acquired a new position in W. R. Berkley during the 4th quarter valued at about $204,000. Vident Investment Advisory LLC acquired a new position in W. R. Berkley during the 4th quarter valued at about $205,000. Finally, Natixis acquired a new position in W. R. Berkley during the 1st quarter valued at about $205,000. 71.76% of the stock is currently owned by institutional investors and hedge funds.

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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