Godshalk Welsh Capital Management Inc. Has $1,444,000 Holding in W. R. Berkley Corp (WRB)

Godshalk Welsh Capital Management Inc. Has $1,444,000 Holding in W. R. Berkley Corp (WRB)

Godshalk Welsh Capital Management Inc. continued to hold its stake in shares of W. R. Berkley Corp (NYSE:WRB) during the first quarter, Holdings Channel reports. The firm owned 20,450 shares of the insurance provider’s stock at the end of the first quarter. W. R. Berkley Corp makes up about 1.4% of Godshalk Welsh Capital Management Inc.’s holdings, making the stock its 18th largest position. Godshalk Welsh Capital Management Inc.’s holdings in W. R. Berkley Corp were worth $1,444,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Hancock Holding Co. increased its stake in shares of W. R. Berkley Corp by 6.5% in the third quarter. Hancock Holding Co. now owns 278,533 shares of the insurance provider’s stock valued at $16,088,000 after buying an additional 16,942 shares in the last quarter. America First Investment Advisors LLC increased its stake in shares of W. R. Berkley Corp by 2.6% in the third quarter. America First Investment Advisors LLC now owns 179,967 shares of the insurance provider’s stock valued at $10,395,000 after buying an additional 4,577 shares in the last quarter. AMP Capital Investors Ltd increased its stake in shares of W. R. Berkley Corp by 4.3% in the third quarter. AMP Capital Investors Ltd now owns 31,641 shares of the insurance provider’s stock valued at $1,819,000 after buying an additional 1,300 shares in the last quarter. Polar Capital LLP increased its stake in shares of W. R. Berkley Corp by 7.7% in the third quarter. Polar Capital LLP now owns 280,000 shares of the insurance provider’s stock valued at $16,173,000 after buying an additional 20,000 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in W. R. Berkley Corp by 109.7% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 18,689 shares of the insurance provider’s stock valued at $1,079,000 after buying an additional 9,776 shares during the period. Institutional investors and hedge funds own 71.79% of the company’s stock.

W. R. Berkley Corp (WRB) traded up 0.77% during mid-day trading on Wednesday, reaching $68.99. The company had a trading volume of 551,411 shares. The stock has a market cap of $8.36 billion, a PE ratio of 14.65 and a beta of 0.73. The firm’s 50-day moving average price is $67.69 and its 200-day moving average price is $67.61. W. R. Berkley Corp has a 12 month low of $54.70 and a 12 month high of $73.17.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 5th. Investors of record on Thursday, June 15th will be given a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 0.81%. The ex-dividend date of this dividend is Tuesday, June 13th. This is a boost from W. R. Berkley Corp’s previous quarterly dividend of $0.13. W. R. Berkley Corp’s payout ratio is currently 11.06%.

WRB has been the topic of several recent analyst reports. Zacks Investment Research upgraded W. R. Berkley Corp from a “strong sell” rating to a “hold” rating in a research report on Tuesday. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $67.00 target price on shares of W. R. Berkley Corp in a research report on Wednesday, May 17th. Boenning Scattergood reiterated a “neutral” rating on shares of W. R. Berkley Corp in a research report on Thursday, March 2nd. Finally, Langen Mcalenn reiterated a “neutral” rating on shares of W. R. Berkley Corp in a research report on Tuesday, January 31st. One analyst has rated the stock with a sell rating, eight have given a hold rating and one has assigned a buy rating to the company. W. R. Berkley Corp has a consensus rating of “Hold” and an average target price of $62.00.

W. R. Berkley Corp 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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “WRB”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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