111 Capital bought a new stake in W. R. Berkley Co. (NYSE:WRB - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 5,187 shares of the insurance provider's stock, valued at approximately $304,000.
Other institutional investors and hedge funds have also bought and sold shares of the company. Amundi raised its stake in W. R. Berkley by 43.1% in the fourth quarter. Amundi now owns 1,477,932 shares of the insurance provider's stock valued at $85,853,000 after purchasing an additional 444,986 shares in the last quarter. Brown Lisle Cummings Inc. purchased a new stake in W. R. Berkley in the fourth quarter valued at approximately $982,000. HighPoint Advisor Group LLC raised its stake in W. R. Berkley by 12.0% in the fourth quarter. HighPoint Advisor Group LLC now owns 4,967 shares of the insurance provider's stock valued at $304,000 after purchasing an additional 532 shares in the last quarter. Financial Strategies Group Inc. raised its stake in W. R. Berkley by 3.8% in the fourth quarter. Financial Strategies Group Inc. now owns 119,327 shares of the insurance provider's stock valued at $6,766,000 after purchasing an additional 4,363 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its stake in W. R. Berkley by 55.1% in the third quarter. JPMorgan Chase & Co. now owns 7,366,424 shares of the insurance provider's stock valued at $417,897,000 after purchasing an additional 2,616,227 shares in the last quarter. 68.82% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
WRB has been the topic of a number of recent research reports. Bank of America reiterated a "neutral" rating and set a $74.00 price target (up from $73.00) on shares of W. R. Berkley in a research report on Tuesday, April 1st. Keefe, Bruyette & Woods increased their price target on shares of W. R. Berkley from $65.00 to $75.00 and gave the company a "market perform" rating in a research report on Monday, May 19th. Wall Street Zen cut shares of W. R. Berkley from a "buy" rating to a "hold" rating in a research report on Wednesday, May 21st. Wells Fargo & Company increased their price target on shares of W. R. Berkley from $69.00 to $70.00 and gave the company an "equal weight" rating in a research report on Tuesday, April 22nd. Finally, Truist Financial increased their price target on shares of W. R. Berkley from $68.00 to $80.00 and gave the company a "buy" rating in a research report on Thursday, April 3rd. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $70.64.
Read Our Latest Analysis on W. R. Berkley
W. R. Berkley Trading Up 0.9%
NYSE:WRB traded up $0.68 during trading hours on Friday, hitting $74.64. The company had a trading volume of 4,276,324 shares, compared to its average volume of 1,767,948. The company has a market capitalization of $28.32 billion, a PE ratio of 17.11, a price-to-earnings-growth ratio of 1.56 and a beta of 0.44. The stock has a 50-day moving average price of $70.53 and a 200 day moving average price of $64.18. W. R. Berkley Co. has a 52 week low of $51.17 and a 52 week high of $76.38. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.36 and a quick ratio of 0.36.
W. R. Berkley (NYSE:WRB - Get Free Report) last released its quarterly earnings results on Monday, April 21st. The insurance provider reported $1.01 earnings per share for the quarter, missing the consensus estimate of $1.08 by ($0.07). The company had revenue of $3.01 billion during the quarter, compared to the consensus estimate of $3.01 billion. W. R. Berkley had a net margin of 12.88% and a return on equity of 20.83%. On average, equities research analysts predict that W. R. Berkley Co. will post 4.33 EPS for the current fiscal year.
About W. R. Berkley
(
Free Report)
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.
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