Public Employees Retirement System of Ohio Has $2.74 Million Stake in W. R. Berkley Corp (WRB)

Public Employees Retirement System of Ohio decreased its holdings in shares of W. R. Berkley Corp (NYSE:WRB) by 3.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 41,110 shares of the insurance provider’s stock after selling 1,296 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in W. R. Berkley were worth $2,744,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in WRB. Tower Research Capital LLC TRC increased its stake in shares of W. R. Berkley by 683.0% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,566 shares of the insurance provider’s stock worth $108,000 after purchasing an additional 1,366 shares during the last quarter. Massey Quick Simon & CO. LLC acquired a new position in shares of W. R. Berkley during the 3rd quarter worth $175,000. Advisor Group Inc. increased its stake in shares of W. R. Berkley by 50.7% during the 2nd quarter. Advisor Group Inc. now owns 3,370 shares of the insurance provider’s stock worth $233,000 after purchasing an additional 1,134 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. increased its stake in shares of W. R. Berkley by 48.0% during the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,597 shares of the insurance provider’s stock worth $241,000 after purchasing an additional 1,167 shares during the last quarter. Finally, Cadence Capital Management LLC acquired a new position in shares of W. R. Berkley during the 3rd quarter worth $256,000. Institutional investors own 71.03% of the company’s stock.

Shares of W. R. Berkley Corp (NYSE WRB) opened at $71.65 on Friday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.34 and a current ratio of 0.34. The stock has a market cap of $8,740.00, a price-to-earnings ratio of 16.86, a P/E/G ratio of 3.28 and a beta of 0.91. W. R. Berkley Corp has a 1-year low of $62.00 and a 1-year high of $73.17.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 14th. Investors of record on Thursday, November 30th were issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 0.78%. The ex-dividend date was Wednesday, November 29th. W. R. Berkley’s dividend payout ratio is currently 13.18%.

Several research analysts have recently commented on the stock. UBS Group increased their price target on shares of W. R. Berkley from $63.00 to $66.00 and gave the stock a “sell” rating in a research note on Wednesday, October 25th. Zacks Investment Research lowered shares of W. R. Berkley from a “hold” rating to a “sell” rating in a research note on Thursday, October 12th. Keefe, Bruyette & Woods reaffirmed a “neutral” rating on shares of W. R. Berkley in a report on Sunday, September 3rd. Buckingham Research started coverage on shares of W. R. Berkley in a report on Monday, September 11th. They set a “neutral” rating and a $67.00 price objective for the company. Finally, Deutsche Bank upped their price objective on shares of W. R. Berkley from $65.00 to $66.00 and gave the stock a “hold” rating in a report on Wednesday, October 25th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the stock. W. R. Berkley presently has a consensus rating of “Hold” and a consensus price target of $70.38.

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W. R. Berkley Company Profile

W. R. Berkley Corporation is an insurance holding company. It operates through two segments: Insurance and Reinsurance-Global. The Insurance segment consists of its commercial insurance business operations, comprising excess and surplus lines, and admitted lines, throughout the United States, as well as its insurance business operations in the United Kingdom, Continental Europe, South America, Canada, Mexico, Scandinavia, Asia and Australia.

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

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