DNB Asset Management AS lowered its holdings in W. R. Berkley Corp (NYSE:WRB) by 81.5% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 11,455 shares of the insurance provider’s stock after selling 50,432 shares during the period. DNB Asset Management AS’s holdings in W. R. Berkley were worth $970,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the business. M&T Bank Corp raised its holdings in shares of W. R. Berkley by 1.4% in the 4th quarter. M&T Bank Corp now owns 10,608 shares of the insurance provider’s stock valued at $785,000 after acquiring an additional 144 shares in the last quarter. Visionary Asset Management Inc. increased its position in shares of W. R. Berkley by 4.2% during the 4th quarter. Visionary Asset Management Inc. now owns 3,671 shares of the insurance provider’s stock valued at $271,000 after purchasing an additional 148 shares during the last quarter. Metropolitan Life Insurance Co. NY increased its position in shares of W. R. Berkley by 0.6% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 27,584 shares of the insurance provider’s stock valued at $2,039,000 after purchasing an additional 151 shares during the last quarter. Raymond James Financial Services Advisors Inc. increased its position in shares of W. R. Berkley by 4.8% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 4,071 shares of the insurance provider’s stock valued at $301,000 after purchasing an additional 186 shares during the last quarter. Finally, Advisory Services Network LLC increased its position in shares of W. R. Berkley by 6.1% during the 4th quarter. Advisory Services Network LLC now owns 3,974 shares of the insurance provider’s stock valued at $294,000 after purchasing an additional 227 shares during the last quarter. 72.63% of the stock is currently owned by hedge funds and other institutional investors.

Shares of W. R. Berkley stock opened at $58.35 on Friday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.35 and a current ratio of 0.35. The stock has a market cap of $10.68 billion, a PE ratio of 21.85, a PEG ratio of 2.52 and a beta of 0.75. W. R. Berkley Corp has a 12 month low of $45.91 and a 12 month high of $58.78.

W. R. Berkley (NYSE:WRB) last announced its quarterly earnings data on Tuesday, January 29th. The insurance provider reported $0.61 EPS for the quarter, beating the consensus estimate of $0.51 by $0.10. The firm had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.86 billion. W. R. Berkley had a return on equity of 9.39% and a net margin of 8.33%. Research analysts forecast that W. R. Berkley Corp will post 2.55 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 2nd. Investors of record on Thursday, March 14th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Wednesday, March 13th. This represents a $0.40 annualized dividend and a yield of 0.69%. W. R. Berkley’s payout ratio is 14.98%.

Several brokerages have recently commented on WRB. Zacks Investment Research lowered W. R. Berkley from a “hold” rating to a “sell” rating in a research report on Thursday, April 4th. ValuEngine lowered W. R. Berkley from a “buy” rating to a “hold” rating in a research report on Thursday, April 4th. Credit Suisse Group upgraded W. R. Berkley from a “neutral” rating to an “outperform” rating and increased their price objective for the company from $51.67 to $58.67 in a research report on Wednesday, February 27th. Finally, Morgan Stanley reduced their price objective on W. R. Berkley from $49.33 to $48.67 and set an “equal weight” rating on the stock in a research report on Thursday, January 3rd. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $52.93.

ILLEGAL ACTIVITY NOTICE: This article was first published by TheOlympiaReport and is owned by of TheOlympiaReport. If you are reading this article on another domain, it was copied illegally and reposted in violation of United States and international copyright & trademark laws. The correct version of this article can be read at https://theolympiareport.com/2019/04/20/w-r-berkley-corp-wrb-holdings-decreased-by-dnb-asset-management-as.html.

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.

Read More: Moving Average (MA)

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

Receive News & Ratings for W. R. Berkley Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for W. R. Berkley and related companies with MarketBeat.com's FREE daily email newsletter.