ORG Wealth Partners LLC Has $178,000 Stock Position in W. R. Berkley Co. (NYSE:WRB)

ORG Wealth Partners LLC boosted its holdings in W. R. Berkley Co. (NYSE:WRB) by 16.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,047 shares of the insurance provider’s stock after buying an additional 437 shares during the period. ORG Wealth Partners LLC’s holdings in W. R. Berkley were worth $178,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of WRB. State Street Corp increased its holdings in W. R. Berkley by 48.6% in the third quarter. State Street Corp now owns 15,121,001 shares of the insurance provider’s stock valued at $857,814,000 after purchasing an additional 4,947,830 shares during the last quarter. Janus Henderson Group PLC increased its stake in shares of W. R. Berkley by 51.0% in the 3rd quarter. Janus Henderson Group PLC now owns 11,321,958 shares of the insurance provider’s stock valued at $642,294,000 after acquiring an additional 3,825,238 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of W. R. Berkley by 55.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 7,366,424 shares of the insurance provider’s stock valued at $417,897,000 after acquiring an additional 2,616,227 shares during the period. Principal Financial Group Inc. grew its holdings in W. R. Berkley by 211.3% during the third quarter. Principal Financial Group Inc. now owns 3,674,171 shares of the insurance provider’s stock valued at $208,436,000 after purchasing an additional 2,493,758 shares during the period. Finally, Geode Capital Management LLC increased its stake in W. R. Berkley by 47.9% in the third quarter. Geode Capital Management LLC now owns 7,591,353 shares of the insurance provider’s stock valued at $429,266,000 after purchasing an additional 2,459,073 shares in the last quarter. 68.82% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently commented on WRB shares. Royal Bank of Canada raised their price objective on W. R. Berkley from $57.00 to $63.00 and gave the stock a “sector perform” rating in a research note on Tuesday, October 22nd. Wells Fargo & Company increased their target price on W. R. Berkley from $63.00 to $68.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 22nd. Bank of America upped their price target on shares of W. R. Berkley from $73.00 to $76.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. UBS Group raised their price objective on shares of W. R. Berkley from $67.00 to $69.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. Finally, Barclays reduced their target price on shares of W. R. Berkley from $56.00 to $50.00 and set an “underweight” rating for the company in a research note on Monday. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, W. R. Berkley presently has a consensus rating of “Hold” and a consensus price target of $63.82.

W. R. Berkley Trading Down 3.5 %

W. R. Berkley stock traded down $2.01 during trading hours on Friday, hitting $56.08. The stock had a trading volume of 653,144 shares, compared to its average volume of 1,374,273. The business’s 50 day simple moving average is $60.32 and its 200-day simple moving average is $58.24. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 0.34. W. R. Berkley Co. has a one year low of $47.96 and a one year high of $65.49. The stock has a market cap of $21.37 billion, a price-to-earnings ratio of 14.37, a P/E/G ratio of 1.17 and a beta of 0.67.

W. R. Berkley (NYSE:WRB) last issued its quarterly earnings results on Monday, October 21st. The insurance provider reported $0.93 earnings per share for the quarter, beating the consensus estimate of $0.92 by $0.01. The company had revenue of $2.93 billion during the quarter, compared to analysts’ expectations of $2.93 billion. W. R. Berkley had a return on equity of 20.41% and a net margin of 11.96%. The business’s quarterly revenue was up 10.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.90 earnings per share. On average, equities analysts predict that W. R. Berkley Co. will post 3.96 EPS for the current fiscal year.

W. R. Berkley Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Monday, December 16th were paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.57%. The ex-dividend date of this dividend was Monday, December 16th. W. R. Berkley’s dividend payout ratio is presently 8.21%.

About W. R. Berkley

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.