Vise Technologies Inc. Takes Position in W. R. Berkley Co. (NYSE:WRB)

Vise Technologies Inc. purchased a new stake in W. R. Berkley Co. (NYSE:WRB - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The fund purchased 4,693 shares of the insurance provider's stock, valued at approximately $275,000.

Several other institutional investors also recently bought and sold shares of the business. JT Stratford LLC raised its holdings in W. R. Berkley by 4.9% in the 4th quarter. JT Stratford LLC now owns 26,020 shares of the insurance provider's stock valued at $1,523,000 after acquiring an additional 1,226 shares during the last quarter. Adalta Capital Management LLC acquired a new stake in shares of W. R. Berkley during the 4th quarter worth $61,000. Focus Partners Advisor Solutions LLC increased its holdings in shares of W. R. Berkley by 3.7% during the 4th quarter. Focus Partners Advisor Solutions LLC now owns 25,911 shares of the insurance provider's stock worth $1,516,000 after buying an additional 914 shares during the last quarter. Mpwm Advisory Solutions LLC acquired a new stake in shares of W. R. Berkley during the 4th quarter worth $37,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of W. R. Berkley by 22.4% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,487,097 shares of the insurance provider's stock worth $145,545,000 after buying an additional 455,311 shares during the last quarter. 68.82% of the stock is currently owned by institutional investors and hedge funds.

W. R. Berkley Stock Performance

Shares of NYSE:WRB traded up $0.68 during trading hours on Friday, hitting $74.64. The stock had a trading volume of 4,276,324 shares, compared to its average volume of 1,770,601. The stock's fifty day simple moving average is $70.32 and its 200 day simple moving average is $64.05. W. R. Berkley Co. has a 1-year low of $51.17 and a 1-year high of $76.38. The firm has a market capitalization of $28.32 billion, a price-to-earnings ratio of 17.11, a PEG ratio of 1.56 and a beta of 0.44. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.36 and a current ratio of 0.36.

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

Analyst Ratings Changes

A number of research firms have recently commented on WRB. Truist Financial upped their price objective on W. R. Berkley from $68.00 to $80.00 and gave the stock a "buy" rating in a report on Thursday, April 3rd. Jefferies Financial Group upped their price target on shares of W. R. Berkley from $57.00 to $66.00 and gave the stock a "hold" rating in a research report on Friday, April 11th. Barclays upped their price target on shares of W. R. Berkley from $52.00 to $62.00 and gave the stock an "underweight" rating in a research report on Friday, April 11th. The Goldman Sachs Group cut shares of W. R. Berkley from a "strong-buy" rating to a "hold" rating and upped their price target for the stock from $74.00 to $76.00 in a research report on Thursday, May 22nd. Finally, Keefe, Bruyette & Woods upped their price objective 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. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, W. R. Berkley has a consensus rating of "Hold" and a consensus price target of $70.64.

About W. R. Berkley

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.