Guggenheim Capital LLC Raises Position in W. R. Berkley Corp (WRB)

Guggenheim Capital LLC increased its position in W. R. Berkley Corp (NYSE:WRB) by 61.0% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 57,857 shares of the company’s stock after buying an additional 21,924 shares during the period. Guggenheim Capital LLC’s holdings in W. R. Berkley Corp were worth $3,848,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Sei Investments Co. boosted its position in W. R. Berkley Corp by 1.4% in the third quarter. Sei Investments Co. now owns 2,305 shares of the company’s stock valued at $133,000 after buying an additional 32 shares during the period. Suntrust Banks Inc. boosted its position in W. R. Berkley Corp by 0.4% in the third quarter. Suntrust Banks Inc. now owns 18,231 shares of the company’s stock valued at $1,052,000 after buying an additional 68 shares during the period. Dean Investment Associates LLC boosted its position in W. R. Berkley Corp by 1.3% in the third quarter. Dean Investment Associates LLC now owns 9,212 shares of the company’s stock valued at $532,000 after buying an additional 117 shares during the period. Wright Investors Service Inc. boosted its position in W. R. Berkley Corp by 0.7% in the third quarter. Wright Investors Service Inc. now owns 17,977 shares of the company’s stock valued at $1,038,000 after buying an additional 125 shares during the period. Finally, Investment Counselors of Maryland LLC boosted its position in W. R. Berkley Corp by 7.3% in the third quarter. Investment Counselors of Maryland LLC now owns 1,921 shares of the company’s stock valued at $111,000 after buying an additional 130 shares during the period. Hedge funds and other institutional investors own 71.79% of the company’s stock.

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

Shares of W. R. Berkley Corp (NYSE:WRB) opened at 72.17 on Tuesday. The firm has a 50-day moving average price of $70.17 and a 200 day moving average price of $63.38. W. R. Berkley Corp has a 1-year low of $52.72 and a 1-year high of $73.17. The company has a market cap of $8.75 billion, a PE ratio of 15.42 and a beta of 0.73.

W. R. Berkley Corp (NYSE:WRB) last released its earnings results on Tuesday, January 31st. The company reported $0.82 EPS for the quarter, topping the consensus estimate of $0.78 by $0.04. W. R. Berkley Corp had a return on equity of 8.93% and a net margin of 7.86%. The business earned $1.97 billion during the quarter, compared to analysts’ expectations of $1.89 billion. During the same quarter last year, the firm posted $0.85 earnings per share. The firm’s revenue was up 8.8% on a year-over-year basis. On average, equities analysts anticipate that W. R. Berkley Corp will post $3.40 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 5th. Investors of record on Wednesday, March 15th will be paid a dividend of $0.13 per share. The ex-dividend date is Monday, March 13th. This represents a $0.52 annualized dividend and a yield of 0.72%. W. R. Berkley Corp’s dividend payout ratio is currently 11.06%.

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Several research firms have recently weighed in on WRB. Boenning Scattergood reiterated a “neutral” rating on shares of W. R. Berkley Corp in a report on Thursday, March 2nd. Zacks Investment Research cut W. R. Berkley Corp from a “buy” rating to a “hold” rating in a report on Friday, February 3rd. Langen Mcalenn reiterated a “neutral” rating on shares of W. R. Berkley Corp in a report on Tuesday, January 31st. Finally, Macquarie upgraded W. R. Berkley Corp from an “underperform” rating to an “outperform” rating in a report on Tuesday, January 17th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and one has given a buy rating to the stock. W. R. Berkley Corp has an average rating of “Hold” and a consensus price target of $61.17.

About W. R. Berkley Corp

W. R. Berkley Corporation is an insurance holding company. The Company operates in the three segments of the property casualty insurance business: Insurance-Domestic, Insurance-International and Reinsurance-Global. Its Insurance-Domestic segment includes commercial insurance business, including excess and surplus lines and admitted lines, primarily throughout the United States.

5 Day Chart for NYSE:WRB

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