Harbour Investments Inc. Has $463,000 Stock Holdings in W.R. Berkley Corporation $WRB

Harbour Investments Inc. increased its position in shares of W.R. Berkley Corporation (NYSE:WRB) by 38.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,297 shares of the insurance provider’s stock after acquiring an additional 1,737 shares during the quarter. Harbour Investments Inc.’s holdings in W.R. Berkley were worth $463,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Czech National Bank lifted its stake in shares of W.R. Berkley by 6.3% during the second quarter. Czech National Bank now owns 73,255 shares of the insurance provider’s stock valued at $5,382,000 after acquiring an additional 4,336 shares during the period. Federation des caisses Desjardins du Quebec boosted its holdings in W.R. Berkley by 70.8% during the first quarter. Federation des caisses Desjardins du Quebec now owns 17,197 shares of the insurance provider’s stock worth $1,224,000 after buying an additional 7,131 shares during the last quarter. Gallacher Capital Management LLC bought a new position in W.R. Berkley during the second quarter worth about $323,000. Sciencast Management LP bought a new position in W.R. Berkley during the first quarter worth about $3,493,000. Finally, Strs Ohio bought a new position in W.R. Berkley during the first quarter worth about $2,386,000. Institutional investors and hedge funds own 68.82% of the company’s stock.

W.R. Berkley Trading Down 0.5%

NYSE WRB opened at $73.69 on Tuesday. The firm has a market cap of $27.95 billion, a P/E ratio of 16.79, a P/E/G ratio of 2.55 and a beta of 0.42. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.37 and a quick ratio of 0.37. The stock’s 50-day moving average is $73.69 and its 200-day moving average is $71.92. W.R. Berkley Corporation has a one year low of $55.97 and a one year high of $78.48.

W.R. Berkley (NYSE:WRB) last released its quarterly earnings results on Monday, October 20th. The insurance provider reported $1.10 EPS for the quarter, topping analysts’ consensus estimates of $1.07 by $0.03. The company had revenue of $3.16 billion for the quarter, compared to analyst estimates of $3.16 billion. W.R. Berkley had a return on equity of 18.83% and a net margin of 12.32%.W.R. Berkley’s revenue was up 10.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.93 earnings per share. Sell-side analysts anticipate that W.R. Berkley Corporation will post 4.33 earnings per share for the current fiscal year.

W.R. Berkley Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 22nd were issued a dividend of $0.09 per share. The ex-dividend date was Monday, September 22nd. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.5%. W.R. Berkley’s dividend payout ratio (DPR) is presently 8.20%.

Analyst Ratings Changes

A number of brokerages have issued reports on WRB. Weiss Ratings restated a “buy (b)” rating on shares of W.R. Berkley in a report on Wednesday, October 8th. Wells Fargo & Company raised their target price on W.R. Berkley from $68.00 to $69.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 8th. Wolfe Research began coverage on W.R. Berkley in a report on Monday, September 15th. They set a “peer perform” rating on the stock. TD Cowen cut W.R. Berkley from a “buy” rating to a “hold” rating and set a $78.00 target price on the stock. in a report on Friday, June 27th. Finally, Barclays reaffirmed an “underweight” rating and set a $73.00 price target on shares of W.R. Berkley in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, W.R. Berkley presently has a consensus rating of “Hold” and a consensus target price of $73.69.

W.R. Berkley Profile

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.