Susquehanna Fundamental Investments LLC Has $25.30 Million Stock Holdings in W.R. Berkley Corporation $WRB

Susquehanna Fundamental Investments LLC raised its position in shares of W.R. Berkley Corporation (NYSE:WRB) by 98.5% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 358,749 shares of the insurance provider’s stock after buying an additional 178,050 shares during the quarter. Susquehanna Fundamental Investments LLC’s holdings in W.R. Berkley were worth $25,303,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Entrust Financial LLC acquired a new position in W.R. Berkley in the 4th quarter worth approximately $25,000. Hazlett Burt & Watson Inc. raised its stake in W.R. Berkley by 140.0% during the 4th quarter. Hazlett Burt & Watson Inc. now owns 360 shares of the insurance provider’s stock valued at $26,000 after purchasing an additional 210 shares during the period. Allied Private Wealth LLC acquired a new stake in W.R. Berkley during the 2nd quarter valued at $29,000. DV Equities LLC purchased a new stake in shares of W.R. Berkley in the fourth quarter valued at $29,000. Finally, Triumph Capital Management acquired a new stake in shares of W.R. Berkley in the third quarter worth $35,000. Hedge funds and other institutional investors own 68.82% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. Truist Financial upped their price target on W.R. Berkley from $78.00 to $83.00 and gave the company a “buy” rating in a research report on Tuesday, July 21st. Barclays reissued an “underweight” rating and set a $62.00 target price (down from $64.00) on shares of W.R. Berkley in a research note on Friday, June 12th. The Goldman Sachs Group raised W.R. Berkley from a “neutral” rating to a “buy” rating and boosted their price target for the company from $71.00 to $73.00 in a research note on Monday, June 8th. Wolfe Research downgraded shares of W.R. Berkley from a “hold” rating to a “strong sell” rating in a research report on Wednesday, July 1st. Finally, Oppenheimer set a $70.00 price target on W.R. Berkley in a report on Tuesday, July 21st. Three investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and six have assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Reduce” and a consensus price target of $70.94.

W.R. Berkley Price Performance

Shares of W.R. Berkley stock opened at $68.45 on Monday. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.37 and a quick ratio of 0.37. W.R. Berkley Corporation has a fifty-two week low of $62.87 and a fifty-two week high of $78.96. The firm has a fifty day moving average price of $71.21 and a two-hundred day moving average price of $68.87. The company has a market cap of $25.41 billion, a PE ratio of 14.06, a price-to-earnings-growth ratio of 3.12 and a beta of 0.29.

W.R. Berkley (NYSE:WRB) last released its earnings results on Monday, July 20th. The insurance provider reported $1.27 earnings per share for the quarter, beating the consensus estimate of $1.08 by $0.19. W.R. Berkley had a net margin of 12.94% and a return on equity of 19.44%. The business had revenue of $3.72 billion during the quarter, compared to analysts’ expectations of $3.28 billion. During the same quarter last year, the company earned $1.05 earnings per share. The firm’s revenue was up 2.4% on a year-over-year basis. Analysts expect that W.R. Berkley Corporation will post 4.85 EPS for the current year.

W.R. Berkley Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 2nd. Shareholders of record on Tuesday, June 23rd were given a $0.10 dividend. The ex-dividend date was Tuesday, June 23rd. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.6%. This is an increase from W.R. Berkley’s previous quarterly dividend of $0.09. W.R. Berkley’s dividend payout ratio is 8.21%.

W.R. Berkley Company Profile

W. R. Berkley Corporation (NYSE: WRB) is a publicly traded insurance holding company that underwrites and sells commercial property and casualty insurance, specialty insurance products, and reinsurance. Headquartered in Greenwich, Connecticut, the company operates a portfolio of underwriting businesses that focus on niche and specialty commercial risks, offering coverage tailored to industries such as transportation, construction, professional services and other commercial lines.

The company’s product mix includes primary and excess casualty, property, professional liability, environmental and other specialty lines, together with treaty and facultative reinsurance solutions.