First Hawaiian Bank Cuts Stock Position in W. R. Berkley Co. (NYSE:WRB)

First Hawaiian Bank lowered its stake in shares of W. R. Berkley Co. (NYSE:WRB - Free Report) by 14.9% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 53,191 shares of the insurance provider's stock after selling 9,324 shares during the period. First Hawaiian Bank's holdings in W. R. Berkley were worth $3,785,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. 111 Capital bought a new position in shares of W. R. Berkley in the 4th quarter worth approximately $304,000. Wealth Enhancement Advisory Services LLC lifted its stake in shares of W. R. Berkley by 376.1% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 63,750 shares of the insurance provider's stock worth $3,731,000 after purchasing an additional 50,361 shares during the period. Siemens Fonds Invest GmbH lifted its stake in shares of W. R. Berkley by 8.0% in the 4th quarter. Siemens Fonds Invest GmbH now owns 13,491 shares of the insurance provider's stock worth $789,000 after purchasing an additional 995 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of W. R. Berkley in the 4th quarter worth approximately $14,057,000. Finally, Jefferies Financial Group Inc. bought a new position in shares of W. R. Berkley in the 4th quarter worth approximately $5,676,000. Institutional investors own 68.82% of the company's stock.

W. R. Berkley Price Performance

WRB traded up $0.68 during trading on Friday, reaching $74.64. 4,276,324 shares of the company traded hands, compared to its average volume of 1,771,001. 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 12-month low of $51.17 and a 12-month high of $76.38. The firm has a fifty day simple moving average of $70.53 and a 200 day simple moving average of $64.15. The company has a market cap of $28.32 billion, a P/E ratio of 17.11, a PEG ratio of 1.56 and a beta of 0.44.

W. R. Berkley (NYSE:WRB - Get Free Report) last announced its quarterly earnings data on Monday, April 21st. The insurance provider reported $1.01 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.08 by ($0.07). W. R. Berkley had a net margin of 12.88% and a return on equity of 20.83%. The company had revenue of $3.01 billion for the quarter, compared to analysts' expectations of $3.01 billion. On average, equities analysts forecast that W. R. Berkley Co. will post 4.33 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. The Goldman Sachs Group cut shares of W. R. Berkley from a "strong-buy" rating to a "hold" rating and increased their price objective for the stock from $74.00 to $76.00 in a research note on Thursday, May 22nd. UBS Group increased their price objective on shares of W. R. Berkley from $73.00 to $78.00 and gave the stock a "buy" rating in a research note on Monday, April 28th. Keefe, Bruyette & Woods increased their target price on shares of W. R. Berkley from $65.00 to $75.00 and gave the stock a "market perform" rating in a report on Monday, May 19th. Wells Fargo & Company increased their target price on shares of W. R. Berkley from $69.00 to $70.00 and gave the stock an "equal weight" rating in a report on Tuesday, April 22nd. Finally, Wall Street Zen lowered shares of W. R. Berkley from a "buy" rating to a "hold" rating in a report on Wednesday, May 21st. One 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 stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $70.64.

W. R. Berkley 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.