Toronto Dominion Bank Grows Holdings in W. R. Berkley Co. (NYSE:WRB)

Toronto Dominion Bank grew its holdings in W. R. Berkley Co. (NYSE:WRB - Free Report) by 58.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 161,526 shares of the insurance provider's stock after buying an additional 59,694 shares during the quarter. Toronto Dominion Bank's holdings in W. R. Berkley were worth $9,452,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in WRB. Smartleaf Asset Management LLC increased its holdings in W. R. Berkley by 3.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 5,289 shares of the insurance provider's stock worth $310,000 after acquiring an additional 188 shares in the last quarter. Optiver Holding B.V. grew 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 valued at $25,000 after purchasing an additional 221 shares during the period. Exchange Traded Concepts LLC increased its stake in shares of W. R. Berkley by 1.5% during the fourth quarter. Exchange Traded Concepts LLC now owns 15,632 shares of the insurance provider's stock worth $915,000 after purchasing an additional 235 shares in the last quarter. Private Advisor Group LLC raised its position in shares of W. R. Berkley by 1.2% during the 4th quarter. Private Advisor Group LLC now owns 21,588 shares of the insurance provider's stock worth $1,263,000 after purchasing an additional 257 shares during the last quarter. Finally, Freedom Investment Management Inc. lifted its stake in W. R. Berkley by 3.1% in the 4th quarter. Freedom Investment Management Inc. now owns 8,782 shares of the insurance provider's stock valued at $514,000 after buying an additional 261 shares in the last quarter. 68.82% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have commented on WRB shares. The Goldman Sachs Group lowered 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 note on Thursday. UBS Group lifted their price target on W. R. Berkley from $73.00 to $78.00 and gave the stock a "buy" rating in a research note on Monday, April 28th. Truist Financial increased their price objective on W. R. Berkley from $68.00 to $80.00 and gave the company a "buy" rating in a research note on Thursday, April 3rd. Keefe, Bruyette & Woods raised their price objective on W. R. Berkley from $65.00 to $75.00 and gave the company a "market perform" rating in a report on Monday, May 19th. Finally, Morgan Stanley upped their target price on shares of W. R. Berkley from $63.00 to $75.00 and gave the stock an "equal weight" rating in a report on Monday, May 19th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $70.64.

W. R. Berkley Trading Up 1.3%

Shares of WRB traded up $0.92 during mid-day trading on Monday, reaching $73.11. The stock had a trading volume of 1,261,402 shares, compared to its average volume of 1,765,616. W. R. Berkley Co. has a 52-week low of $51.17 and a 52-week high of $76.38. The firm has a market cap of $27.74 billion, a price-to-earnings ratio of 16.76, a P/E/G ratio of 1.56 and a beta of 0.44. The business's fifty day moving average is $69.53 and its 200 day moving average is $63.74. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.36 and a quick ratio of 0.36.

W. R. Berkley (NYSE:WRB - Get Free Report) last posted its earnings results 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). The firm had revenue of $3.01 billion during the quarter, compared to analyst estimates of $3.01 billion. W. R. Berkley had a net margin of 12.88% and a return on equity of 20.83%. On average, sell-side 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.