Parr Mcknight Wealth Management Group LLC Buys New Stake in W. R. Berkley Co. (NYSE:WRB)

Parr Mcknight Wealth Management Group LLC acquired a new stake in shares of W. R. Berkley Co. (NYSE:WRB - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 19,738 shares of the insurance provider's stock, valued at approximately $1,155,000.

Other institutional investors also recently bought and sold shares of the company. Optiver Holding B.V. grew its position in W. R. Berkley by 107.3% during the 4th quarter. Optiver Holding B.V. now owns 427 shares of the insurance provider's stock valued at $25,000 after purchasing an additional 221 shares during the last quarter. Whipplewood Advisors LLC bought a new position in W. R. Berkley during the 4th quarter valued at about $35,000. Mpwm Advisory Solutions LLC bought a new position in W. R. Berkley during the 4th quarter valued at about $37,000. Catalyst Capital Advisors LLC bought a new position in W. R. Berkley during the 4th quarter valued at about $42,000. Finally, Colonial Trust Co SC lifted its stake in W. R. Berkley by 79.9% during the 4th quarter. Colonial Trust Co SC now owns 822 shares of the insurance provider's stock valued at $48,000 after acquiring an additional 365 shares during the period. 68.82% of the stock is owned by hedge funds and other institutional investors.

W. R. Berkley Stock Performance

NYSE WRB traded up $0.30 on Thursday, reaching $73.59. 286,899 shares of the stock were exchanged, compared to its average volume of 1,757,318. W. R. Berkley Co. has a one year low of $51.17 and a one year high of $76.38. The firm has a market capitalization of $27.92 billion, a PE ratio of 16.86, a PEG ratio of 1.56 and a beta of 0.44. The company's 50-day simple moving average is $70.13 and its two-hundred day simple moving average is $63.96. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 0.34.

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. Analysts expect that W. R. Berkley Co. will post 4.33 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have issued reports on WRB shares. Truist Financial upped their target price on shares of W. R. Berkley from $68.00 to $80.00 and gave the company a "buy" rating in a research note on Thursday, April 3rd. Morgan Stanley upped their target price on shares of 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. Jefferies Financial Group increased their price objective on shares of W. R. Berkley from $57.00 to $66.00 and gave the stock a "hold" rating in a research note on Friday, April 11th. Wells Fargo & Company increased their price objective on shares of W. R. Berkley from $69.00 to $70.00 and gave the stock an "equal weight" rating in a research note on Tuesday, April 22nd. Finally, 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. One analyst has rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average 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.