Tidal Investments LLC Sells 21,778 Shares of W. R. Berkley Co. (NYSE:WRB)

Tidal Investments LLC lowered its position in shares of W. R. Berkley Co. (NYSE:WRB - Free Report) by 44.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 27,071 shares of the insurance provider's stock after selling 21,778 shares during the quarter. Tidal Investments LLC's holdings in W. R. Berkley were worth $1,584,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. State of Wyoming lifted its stake in W. R. Berkley by 45.9% in the fourth quarter. State of Wyoming now owns 6,136 shares of the insurance provider's stock valued at $359,000 after buying an additional 1,929 shares in the last quarter. Toronto Dominion Bank lifted its stake in W. R. Berkley by 58.6% in the fourth quarter. Toronto Dominion Bank now owns 161,526 shares of the insurance provider's stock valued at $9,452,000 after buying an additional 59,694 shares in the last quarter. Silvercrest Asset Management Group LLC lifted its stake in W. R. Berkley by 3,733.1% in the fourth quarter. Silvercrest Asset Management Group LLC now owns 188,934 shares of the insurance provider's stock valued at $11,056,000 after buying an additional 184,005 shares in the last quarter. Royal Bank of Canada lifted its stake in W. R. Berkley by 5.8% in the fourth quarter. Royal Bank of Canada now owns 1,773,732 shares of the insurance provider's stock valued at $103,799,000 after buying an additional 96,769 shares in the last quarter. Finally, Rafferty Asset Management LLC lifted its stake in W. R. Berkley by 4.2% in the fourth quarter. Rafferty Asset Management LLC now owns 106,218 shares of the insurance provider's stock valued at $6,216,000 after buying an additional 4,294 shares in the last quarter. Institutional investors own 68.82% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on WRB shares. Wall Street Zen lowered shares of W. R. Berkley from a "buy" rating to a "hold" rating in a research note on Wednesday, May 21st. The Goldman Sachs Group lowered shares of 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. Bank of America reissued a "neutral" rating and issued a $74.00 price objective (up previously from $73.00) on shares of W. R. Berkley in a research report on Tuesday, April 1st. Wells Fargo & Company boosted 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 report on Tuesday, April 22nd. Finally, Morgan Stanley boosted their price objective on shares of 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. One research analyst has rated the stock with a sell rating, nine have given a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $70.64.

W. R. Berkley Stock Performance

NYSE WRB traded up $0.01 on Thursday, hitting $73.30. 162,921 shares of the stock were exchanged, compared to its average volume of 1,756,786. 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 moving average is $70.13 and its 200 day moving average is $63.96. W. R. Berkley Co. has a 52 week low of $51.17 and a 52 week high of $76.38. The company has a market capitalization of $27.81 billion, a PE ratio of 16.80, a P/E/G ratio of 1.56 and a beta of 0.44.

W. R. Berkley (NYSE:WRB - Get Free Report) last posted its quarterly earnings results on Monday, April 21st. The insurance provider reported $1.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.08 by ($0.07). W. R. Berkley had a return on equity of 20.83% and a net margin of 12.88%. The firm had revenue of $3.01 billion for the quarter, compared to the consensus estimate of $3.01 billion. 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.