Caisse DE Depot ET Placement DU Quebec Has $26.71 Million Stock Position in W. R. Berkley Co. (NYSE:WRB)

Caisse DE Depot ET Placement DU Quebec cut its holdings in shares of W. R. Berkley Co. (NYSE:WRB - Free Report) by 69.7% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 456,403 shares of the insurance provider's stock after selling 1,051,354 shares during the quarter. Caisse DE Depot ET Placement DU Quebec owned approximately 0.12% of W. R. Berkley worth $26,709,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Barclays PLC increased its holdings in shares of W. R. Berkley by 78.6% in the 3rd quarter. Barclays PLC now owns 1,469,608 shares of the insurance provider's stock worth $83,372,000 after acquiring an additional 646,973 shares during the period. Anchor Investment Management LLC acquired a new position in shares of W. R. Berkley during the third quarter worth approximately $88,000. World Investment Advisors LLC acquired a new stake in W. R. Berkley in the 3rd quarter valued at approximately $1,709,000. Wilmington Savings Fund Society FSB bought a new stake in W. R. Berkley during the 3rd quarter valued at $98,000. Finally, Tidal Investments LLC grew its stake in shares of W. R. Berkley by 150.3% in the third quarter. Tidal Investments LLC now owns 48,849 shares of the insurance provider's stock worth $2,771,000 after purchasing an additional 29,329 shares in the last quarter. 68.82% of the stock is owned by institutional investors and hedge funds.

W. R. Berkley Stock Performance

WRB traded up $0.26 during midday trading on Tuesday, reaching $72.75. The company's stock had a trading volume of 1,404,449 shares, compared to its average volume of 1,762,318. W. R. Berkley Co. has a twelve month low of $51.17 and a twelve month high of $76.38. The company has a fifty day simple moving average of $66.72 and a 200 day simple moving average of $62.36. The stock has a market cap of $27.60 billion, a P/E ratio of 16.67, a PEG ratio of 1.56 and a beta of 0.44. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 0.34.

W. R. Berkley (NYSE:WRB - Get Free Report) last announced its quarterly earnings data on Monday, April 21st. The insurance provider reported $1.01 EPS for the quarter, missing analysts' consensus estimates of $1.08 by ($0.07). W. R. Berkley had a return on equity of 20.83% and a net margin of 12.88%. The firm had revenue of $3.01 billion during the quarter, compared to the consensus estimate of $3.01 billion. Research analysts expect that W. R. Berkley Co. will post 4.33 earnings per share for the current year.

W. R. Berkley Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Monday, March 3rd were paid a $0.08 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $0.32 annualized dividend and a dividend yield of 0.44%. W. R. Berkley's dividend payout ratio is currently 7.42%.

Wall Street Analyst Weigh In

WRB has been the subject of a number of research analyst reports. Royal Bank of Canada restated a "sector perform" rating and issued a $63.00 target price on shares of W. R. Berkley in a research report on Tuesday, January 28th. Keefe, Bruyette & Woods boosted their price target on shares of W. R. Berkley from $62.00 to $65.00 and gave the company a "market perform" rating in a report on Tuesday, April 22nd. Wells Fargo & Company raised their price objective on shares of W. R. Berkley from $69.00 to $70.00 and gave the stock an "equal weight" rating in a research note on Tuesday, April 22nd. Jefferies Financial Group increased their target price on W. R. Berkley from $57.00 to $66.00 and gave the company a "hold" rating in a report on Friday, April 11th. Finally, Bank of America reaffirmed a "neutral" rating and set a $74.00 price objective (up from $73.00) on shares of W. R. Berkley in a research report on Tuesday, April 1st. One research analyst has rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $68.39.

W. R. Berkley Company Profile

W. R. Berkley Corporation, an insurance holding company, operates as a commercial lines writers worldwide. It operates in two segments, Insurance and Reinsurance & Monoline Excess. The Insurance segment underwrites commercial insurance business, including excess and surplus lines, admitted lines, and specialty personal lines.