Toronto Dominion Bank boosted its holdings in W. R. Berkley Co. (NYSE:WRB - Free Report) by 58.6% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 161,526 shares of the insurance provider's stock after acquiring 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 filing with the SEC.
A number of other institutional investors and hedge funds have also made changes to their positions in WRB. Parr Mcknight Wealth Management Group LLC acquired a new stake in W. R. Berkley in the 4th quarter valued at about $1,155,000. Public Employees Retirement System of Ohio acquired a new position in shares of W. R. Berkley during the 4th quarter worth approximately $6,081,000. Vise Technologies Inc. acquired a new stake in W. R. Berkley during the 4th quarter valued at $275,000. JT Stratford LLC lifted its position in shares of W. R. Berkley by 4.9% in the fourth quarter. JT Stratford LLC now owns 26,020 shares of the insurance provider's stock valued at $1,523,000 after acquiring an additional 1,226 shares in the last quarter. Finally, Adalta Capital Management LLC acquired a new position in W. R. Berkley in the 4th quarter valued at about $61,000. 68.82% of the stock is owned by institutional investors and hedge funds.
W. R. Berkley Stock Performance
W. R. Berkley stock traded up $0.68 during mid-day trading on Friday, reaching $74.64. The company's stock had a trading volume of 4,276,324 shares, compared to its average volume of 1,771,001. The firm has a market cap of $28.32 billion, a price-to-earnings ratio of 17.11, a PEG ratio of 1.56 and a beta of 0.44. The business has a 50 day moving average price of $70.53 and a 200-day moving average price of $64.15. W. R. Berkley Co. has a twelve month low of $51.17 and a twelve month high of $76.38. 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 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 business had revenue of $3.01 billion for the quarter, compared to the consensus estimate of $3.01 billion. W. R. Berkley had a net margin of 12.88% and a return on equity of 20.83%. Sell-side analysts predict that W. R. Berkley Co. will post 4.33 EPS for the current fiscal year.
Analyst Ratings Changes
A number of research analysts have weighed in on the company. The Goldman Sachs Group lowered W. R. Berkley from a "strong-buy" rating to a "hold" rating and increased their price target for the stock from $74.00 to $76.00 in a research note on Thursday, May 22nd. Barclays raised their target price on shares of W. R. Berkley from $52.00 to $62.00 and gave the stock an "underweight" rating in a research report on Friday, April 11th. Wells Fargo & Company upped their price objective on W. R. Berkley from $69.00 to $70.00 and gave the stock an "equal weight" rating in a report on Tuesday, April 22nd. Jefferies Financial Group boosted their price target on W. R. Berkley from $57.00 to $66.00 and gave the company a "hold" rating in a research report on Friday, April 11th. Finally, UBS Group raised their target price on shares of W. R. Berkley from $73.00 to $78.00 and gave the company a "buy" rating in a research note on Monday, April 28th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, W. R. Berkley has an average rating of "Hold" and an average target price of $70.64.
Check Out Our Latest Stock Analysis on W. R. Berkley
About W. R. Berkley
(
Free Report)
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.
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