LS Investment Advisors LLC lowered its holdings in W. R. Berkley Corp (NYSE:WRB) by 2.4% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,958 shares of the insurance provider’s stock after selling 198 shares during the quarter. LS Investment Advisors LLC’s holdings in W. R. Berkley were worth $674,000 as of its most recent SEC filing.
A number of other large investors have also bought and sold shares of WRB. Oregon Public Employees Retirement Fund grew its stake in W. R. Berkley by 7,291.0% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 2,803,776 shares of the insurance provider’s stock worth $38,000 after purchasing an additional 2,765,841 shares in the last quarter. BlackRock Inc. lifted its holdings in W. R. Berkley by 9.5% during the 4th quarter. BlackRock Inc. now owns 11,734,433 shares of the insurance provider’s stock worth $867,293,000 after buying an additional 1,018,035 shares during the last quarter. Norges Bank purchased a new stake in W. R. Berkley during the 4th quarter worth about $65,753,000. Atlanta Capital Management Co. L L C lifted its holdings in W. R. Berkley by 4.9% during the 4th quarter. Atlanta Capital Management Co. L L C now owns 8,260,611 shares of the insurance provider’s stock worth $610,542,000 after buying an additional 388,335 shares during the last quarter. Finally, APG Asset Management N.V. lifted its holdings in W. R. Berkley by 409.6% during the 4th quarter. APG Asset Management N.V. now owns 419,906 shares of the insurance provider’s stock worth $27,149,000 after buying an additional 337,500 shares during the last quarter. Institutional investors own 72.63% of the company’s stock.
A number of analysts have issued reports on WRB shares. Zacks Investment Research raised W. R. Berkley from a “hold” rating to a “buy” rating and set a $69.00 price target for the company in a report on Wednesday. Boenning Scattergood reissued a “hold” rating on shares of W. R. Berkley in a report on Wednesday, April 24th. ValuEngine downgraded W. R. Berkley from a “buy” rating to a “hold” rating in a report on Thursday, April 4th. Credit Suisse Group raised W. R. Berkley from a “neutral” rating to an “outperform” rating and boosted their target price for the company from $51.67 to $58.67 in a report on Wednesday, February 27th. Finally, Royal Bank of Canada upped their price objective on W. R. Berkley to $60.00 and gave the company a “sector perform” rating in a research note on Wednesday, April 24th. They noted that the move was a valuation call. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $55.86.
Shares of WRB traded up $0.22 on Wednesday, reaching $62.23. The stock had a trading volume of 1,219,757 shares, compared to its average volume of 518,099. The stock has a market cap of $11.31 billion, a P/E ratio of 23.31, a P/E/G ratio of 2.64 and a beta of 0.78. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.37 and a quick ratio of 0.37. W. R. Berkley Corp has a twelve month low of $45.91 and a twelve month high of $62.35.
W. R. Berkley (NYSE:WRB) last released its quarterly earnings results on Tuesday, April 23rd. The insurance provider reported $0.94 earnings per share for the quarter, topping analysts’ consensus estimates of $0.63 by $0.31. The business had revenue of $1.59 billion for the quarter, compared to analysts’ expectations of $1.62 billion. W. R. Berkley had a return on equity of 10.21% and a net margin of 8.47%. The company’s revenue was up 1.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.87 EPS. Research analysts expect that W. R. Berkley Corp will post 2.6 EPS for the current fiscal year.
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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.
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