Aurdan Capital Management LLC purchased a new position in shares of W. R. Berkley Co. (NYSE:WRB - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 60,390 shares of the insurance provider's stock, valued at approximately $3,534,000. W. R. Berkley makes up approximately 1.4% of Aurdan Capital Management LLC's holdings, making the stock its 25th biggest holding.
Other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. raised its stake in shares of W. R. Berkley by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 36,436,473 shares of the insurance provider's stock valued at $2,132,262,000 after purchasing an additional 529,294 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC grew its stake in W. R. Berkley by 1.0% during the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 11,722,476 shares of the insurance provider's stock valued at $685,999,000 after acquiring an additional 116,957 shares in the last quarter. Geode Capital Management LLC grew its stake in W. R. Berkley by 1.4% during the 4th quarter. Geode Capital Management LLC now owns 7,694,703 shares of the insurance provider's stock valued at $449,168,000 after acquiring an additional 103,350 shares in the last quarter. JPMorgan Chase & Co. grew its stake in W. R. Berkley by 55.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 7,366,424 shares of the insurance provider's stock valued at $417,897,000 after acquiring an additional 2,616,227 shares in the last quarter. Finally, The Manufacturers Life Insurance Company grew its stake in W. R. Berkley by 15.2% during the 4th quarter. The Manufacturers Life Insurance Company now owns 4,787,361 shares of the insurance provider's stock valued at $280,156,000 after acquiring an additional 632,578 shares in the last quarter. Institutional investors and hedge funds own 68.82% of the company's stock.
Analysts Set New Price Targets
Several equities research analysts recently commented on the company. Morgan Stanley boosted their price target on W. R. Berkley from $63.00 to $75.00 and gave the company an "equal weight" rating in a research note on Monday, May 19th. Wall Street Zen cut W. R. Berkley from a "buy" rating to a "hold" rating in a research note on Wednesday, May 21st. Bank of America reaffirmed a "neutral" rating and set a $74.00 target price (up previously from $73.00) on shares of W. R. Berkley in a research report on Tuesday, April 1st. Wells Fargo & Company increased their price objective on 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, Barclays increased their price objective on W. R. Berkley from $52.00 to $62.00 and gave the company an "underweight" rating in a research report on Friday, April 11th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $70.64.
Read Our Latest Stock Analysis on W. R. Berkley
W. R. Berkley Stock Performance
W. R. Berkley stock traded up $0.46 during mid-day trading on Friday, reaching $74.42. 395,757 shares of the company's stock were exchanged, compared to its average volume of 1,755,340. The firm has a market capitalization of $28.23 billion, a PE ratio of 17.02, a P/E/G ratio of 1.56 and a beta of 0.44. W. R. Berkley Co. has a one year low of $51.17 and a one year high of $76.38. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 0.34. The business's fifty day simple moving average is $70.32 and its 200 day simple moving average is $64.05.
W. R. Berkley (NYSE:WRB - Get Free Report) last posted its earnings results on Monday, April 21st. The insurance provider reported $1.01 earnings per share for the quarter, missing analysts' consensus estimates of $1.08 by ($0.07). The firm had revenue of $3.01 billion for the quarter, compared to analysts' expectations of $3.01 billion. W. R. Berkley had a return on equity of 20.83% and a net margin of 12.88%. On average, sell-side analysts expect that W. R. Berkley Co. will post 4.33 earnings per share for the current year.
W. R. Berkley Profile
(
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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