TD Asset Management Inc. Boosts Stock Position in W. R. Berkley Corp (NYSE:WRB)

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TD Asset Management Inc. boosted its holdings in shares of W. R. Berkley Corp (NYSE:WRB) by 55.1% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 821,832 shares of the insurance provider’s stock after purchasing an additional 291,869 shares during the quarter. TD Asset Management Inc. owned approximately 0.45% of W. R. Berkley worth $54,183,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of WRB. Steward Partners Investment Advisory LLC acquired a new position in W. R. Berkley during the 2nd quarter worth $27,000. Hanson McClain Inc. raised its stake in shares of W. R. Berkley by 50.0% in the 2nd quarter. Hanson McClain Inc. now owns 525 shares of the insurance provider’s stock worth $35,000 after buying an additional 175 shares in the last quarter. Asset Dedication LLC raised its stake in shares of W. R. Berkley by 49.9% in the 2nd quarter. Asset Dedication LLC now owns 571 shares of the insurance provider’s stock worth $38,000 after buying an additional 190 shares in the last quarter. Signaturefd LLC raised its stake in shares of W. R. Berkley by 92.3% in the 2nd quarter. Signaturefd LLC now owns 573 shares of the insurance provider’s stock worth $38,000 after buying an additional 275 shares in the last quarter. Finally, St. Johns Investment Management Company LLC raised its stake in shares of W. R. Berkley by 50.0% in the 2nd quarter. St. Johns Investment Management Company LLC now owns 750 shares of the insurance provider’s stock worth $49,000 after buying an additional 250 shares in the last quarter. Institutional investors own 72.63% of the company’s stock.

Shares of W. R. Berkley stock traded up $0.53 on Thursday, reaching $71.01. 1,869 shares of the company were exchanged, compared to its average volume of 618,023. The business has a fifty day simple moving average of $68.45. The stock has a market cap of $13.04 billion, a price-to-earnings ratio of 26.55, a price-to-earnings-growth ratio of 2.80 and a beta of 0.72. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.48 and a quick ratio of 0.48. W. R. Berkley Corp has a fifty-two week low of $45.91 and a fifty-two week high of $72.62.

W. R. Berkley (NYSE:WRB) last posted its quarterly earnings results on Tuesday, July 23rd. The insurance provider reported $0.82 earnings per share for the quarter, beating the consensus estimate of $0.64 by $0.18. The firm had revenue of $1.65 billion for the quarter, compared to analyst estimates of $1.63 billion. W. R. Berkley had a return on equity of 10.55% and a net margin of 8.81%. W. R. Berkley’s quarterly revenue was up 4.2% on a year-over-year basis. During the same period in the previous year, the firm earned $1.40 earnings per share. As a group, research analysts anticipate that W. R. Berkley Corp will post 2.82 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 3rd. Investors of record on Thursday, September 19th will be given a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 0.62%. The ex-dividend date is Wednesday, September 18th. W. R. Berkley’s payout ratio is 16.48%.

In related news, Director Mark Ellwood Brockbank sold 77,000 shares of the company’s stock in a transaction on Thursday, June 20th. The stock was sold at an average price of $66.61, for a total transaction of $5,128,970.00. Following the transaction, the director now directly owns 51,329 shares of the company’s stock, valued at $3,419,024.69. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 21.70% of the stock is currently owned by insiders.

A number of equities research analysts have recently issued reports on WRB shares. Deutsche Bank lowered W. R. Berkley from a “hold” rating to a “sell” rating and set a $65.71 target price on the stock. in a research report on Wednesday, June 26th. Morgan Stanley boosted their target price on W. R. Berkley from $63.00 to $73.00 and gave the stock an “equal weight” rating in a research report on Wednesday. Royal Bank of Canada boosted their target price on W. R. Berkley to $68.00 and gave the stock a “sector perform” rating in a research report on Wednesday, July 24th. They noted that the move was a valuation call. UBS Group boosted their target price on W. R. Berkley from $53.00 to $56.00 and gave the stock a “sell” rating in a research report on Wednesday, April 24th. Finally, Boenning Scattergood reaffirmed a “hold” rating on shares of W. R. Berkley in a research report on Wednesday, April 24th. Two analysts have rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $65.40.

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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Institutional Ownership by Quarter for W. R. Berkley (NYSE:WRB)

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