W. R. Berkley Co. (NYSE:WRB) Shares Purchased by Czech National Bank

Czech National Bank increased its position in shares of W. R. Berkley Co. (NYSE:WRB - Free Report) by 5.6% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 68,919 shares of the insurance provider's stock after purchasing an additional 3,646 shares during the period. Czech National Bank's holdings in W. R. Berkley were worth $4,904,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Vanguard Group Inc. increased its holdings in shares of W. R. Berkley by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 36,436,473 shares of the insurance provider's stock worth $2,132,262,000 after purchasing an additional 529,294 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC lifted its holdings in shares of W. R. Berkley by 1.0% in the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 11,722,476 shares of the insurance provider's stock worth $685,999,000 after buying an additional 116,957 shares during the period. Geode Capital Management LLC lifted its position in shares of W. R. Berkley by 1.4% in the 4th quarter. Geode Capital Management LLC now owns 7,694,703 shares of the insurance provider's stock worth $449,168,000 after purchasing an additional 103,350 shares during the period. JPMorgan Chase & Co. lifted its holdings in W. R. Berkley by 55.1% during the third quarter. JPMorgan Chase & Co. now owns 7,366,424 shares of the insurance provider's stock worth $417,897,000 after buying an additional 2,616,227 shares during the period. Finally, The Manufacturers Life Insurance Company boosted its position 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. Hedge funds and other institutional investors own 68.82% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have commented on WRB shares. Barclays boosted their target price on shares of W. R. Berkley from $52.00 to $62.00 and gave the stock an "underweight" rating in a report on Friday, April 11th. Keefe, Bruyette & Woods raised their target price on W. R. Berkley from $65.00 to $75.00 and gave the stock a "market perform" rating in a research note on Monday, May 19th. The Goldman Sachs Group downgraded W. R. Berkley from a "strong-buy" rating to a "hold" rating and boosted their price target for the company from $74.00 to $76.00 in a research note on Thursday, May 22nd. Jefferies Financial Group increased their price objective 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, 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 report on Thursday, April 3rd. One analyst has rated the stock with a sell rating, nine have issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $70.64.

W. R. Berkley Price Performance

Shares of NYSE:WRB traded up $0.35 during midday trading on Friday, reaching $74.22. 477,679 shares of the company's stock traded hands, compared to its average volume of 1,756,182. The company has a market cap of $28.16 billion, a P/E ratio of 17.01, a PEG ratio of 1.56 and a beta of 0.44. The company has a fifty day simple moving average of $71.00 and a two-hundred day simple moving average of $64.54. 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 Co. has a 1 year low of $51.17 and a 1 year high of $76.38.

W. R. Berkley (NYSE:WRB - Get Free Report) last posted its quarterly earnings data 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 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%. Equities analysts predict that W. R. Berkley Co. will post 4.33 EPS for the current fiscal year.

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.