Aurdan Capital Management LLC Makes New $3.53 Million Investment in W. R. Berkley Co. (NYSE:WRB)

Aurdan Capital Management LLC acquired a new stake in W. R. Berkley Co. (NYSE:WRB - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 60,390 shares of the insurance provider's stock, valued at approximately $3,534,000. W. R. Berkley accounts for 1.4% of Aurdan Capital Management LLC's portfolio, making the stock its 25th biggest holding.

Several other hedge funds also recently modified their holdings of WRB. Barclays PLC boosted its position in shares of W. R. Berkley by 78.6% in the third quarter. Barclays PLC now owns 1,469,608 shares of the insurance provider's stock valued at $83,372,000 after acquiring an additional 646,973 shares during the period. JPMorgan Chase & Co. raised its stake in shares of 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. SG Americas Securities LLC raised its stake in shares of W. R. Berkley by 102.8% in the fourth quarter. SG Americas Securities LLC now owns 105,775 shares of the insurance provider's stock valued at $6,190,000 after purchasing an additional 53,621 shares in the last quarter. Brighton Jones LLC raised its stake in shares of W. R. Berkley by 75.6% in the fourth quarter. Brighton Jones LLC now owns 50,503 shares of the insurance provider's stock valued at $2,955,000 after purchasing an additional 21,737 shares in the last quarter. Finally, CX Institutional acquired a new position in shares of W. R. Berkley in the fourth quarter valued at $207,000. 68.82% of the stock is owned by institutional investors.

Analyst Ratings Changes

WRB has been the subject of a number of recent research reports. Wall Street Zen lowered W. R. Berkley from a "buy" rating to a "hold" rating in a research note on Wednesday, May 21st. Truist Financial upped their target price on W. R. Berkley from $68.00 to $80.00 and gave the company a "buy" rating in a research note on Thursday, April 3rd. Wells Fargo & Company upped their target price on W. R. Berkley from $69.00 to $70.00 and gave the company an "equal weight" rating in a research note on Tuesday, April 22nd. Barclays increased their price objective on W. R. Berkley from $52.00 to $62.00 and gave the stock an "underweight" rating in a research note on Friday, April 11th. Finally, Jefferies Financial Group increased their price objective on W. R. Berkley from $57.00 to $66.00 and gave the stock a "hold" rating in a research note on Friday, April 11th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and three have assigned 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 $70.64.

W. R. Berkley Price Performance

Shares of NYSE:WRB traded down $1.00 during midday trading on Wednesday, reaching $73.20. The company's stock had a trading volume of 1,078,428 shares, compared to its average volume of 1,763,036. W. R. Berkley Co. has a fifty-two week low of $51.17 and a fifty-two week high of $76.38. The company has a market capitalization of $27.77 billion, a P/E ratio of 16.78, a P/E/G ratio of 1.56 and a beta of 0.44. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.36 and a quick ratio of 0.36. The business's fifty day simple moving average is $69.93 and its 200-day simple moving average is $63.90.

W. R. Berkley (NYSE:WRB - Get Free Report) last announced 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 business 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%. As a group, equities research analysts expect that W. R. Berkley Co. will post 4.33 EPS for the current fiscal year.

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.