103,907 Shares in W. R. Berkley Co. (NYSE:WRB) Acquired by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio purchased 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 Securities & Exchange Commission. The fund purchased 103,907 shares of the insurance provider's stock, valued at approximately $6,081,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Smartleaf Asset Management LLC grew its stake in W. R. Berkley by 3.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 5,289 shares of the insurance provider's stock valued at $310,000 after purchasing an additional 188 shares in the last quarter. Optiver Holding B.V. lifted its position in shares of W. R. Berkley by 107.3% in the fourth quarter. Optiver Holding B.V. now owns 427 shares of the insurance provider's stock worth $25,000 after buying an additional 221 shares during the last quarter. Exchange Traded Concepts LLC lifted its position in shares of W. R. Berkley by 1.5% in the fourth quarter. Exchange Traded Concepts LLC now owns 15,632 shares of the insurance provider's stock worth $915,000 after buying an additional 235 shares during the last quarter. Private Advisor Group LLC lifted its position in shares of W. R. Berkley by 1.2% in the fourth quarter. Private Advisor Group LLC now owns 21,588 shares of the insurance provider's stock worth $1,263,000 after buying an additional 257 shares during the last quarter. Finally, Freedom Investment Management Inc. lifted its position in shares of W. R. Berkley by 3.1% in the fourth quarter. Freedom Investment Management Inc. now owns 8,782 shares of the insurance provider's stock worth $514,000 after buying an additional 261 shares during the last quarter. Hedge funds and other institutional investors own 68.82% of the company's stock.

Analyst Ratings Changes

A number of analysts have weighed in on the company. Truist Financial boosted their price target on W. R. Berkley from $68.00 to $80.00 and gave the stock a "buy" rating in a research report on Thursday, April 3rd. UBS Group boosted their price objective on W. R. Berkley from $73.00 to $78.00 and gave the stock a "buy" rating in a research report on Monday, April 28th. The Goldman Sachs Group cut W. R. Berkley from a "strong-buy" rating to a "hold" rating and boosted their price objective for the stock from $74.00 to $76.00 in a research report on Thursday, May 22nd. Morgan Stanley boosted their price objective on W. R. Berkley from $63.00 to $75.00 and gave the stock an "equal weight" rating in a research report on Monday, May 19th. Finally, Jefferies Financial Group boosted their price objective on W. R. Berkley from $57.00 to $66.00 and gave the stock a "hold" rating in a research report on Friday, April 11th. One equities research 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. According to data from MarketBeat.com, W. R. Berkley has a consensus rating of "Hold" and an average price target of $70.64.

W. R. Berkley Stock Performance

W. R. Berkley stock traded up $0.68 during trading hours on Friday, hitting $74.64. The stock had a trading volume of 4,276,324 shares, compared to its average volume of 1,770,601. The company has a 50-day moving average of $70.32 and a two-hundred day moving average of $64.05. 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 company has a market cap of $28.32 billion, a PE ratio of 17.11, a price-to-earnings-growth ratio of 1.56 and a beta of 0.44. W. R. Berkley Co. has a fifty-two week low of $51.17 and a fifty-two week high of $76.38.

W. R. Berkley (NYSE:WRB - Get Free Report) last released its quarterly earnings data on Monday, April 21st. The insurance provider reported $1.01 earnings per share for the quarter, missing the consensus estimate 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 during the quarter, compared to the consensus estimate of $3.01 billion. On average, equities research analysts anticipate 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.