Two Sigma Investments LP decreased its position in W. R. Berkley Co. (NYSE:WRB - Free Report) by 26.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 28,915 shares of the insurance provider's stock after selling 10,653 shares during the quarter. Two Sigma Investments LP's holdings in W. R. Berkley were worth $1,692,000 as of its most recent SEC filing.
A number of other institutional investors have also made changes to their positions in the company. Optiver Holding B.V. lifted its holdings in 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 acquiring an additional 221 shares during the last quarter. Whipplewood Advisors LLC bought a new stake in shares of W. R. Berkley in the 4th quarter worth approximately $35,000. Catalyst Capital Advisors LLC acquired a new position in W. R. Berkley during the 4th quarter valued at approximately $42,000. Colonial Trust Co SC grew 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 worth $48,000 after buying an additional 365 shares during the last quarter. Finally, Crowley Wealth Management Inc. acquired a new stake in W. R. Berkley in the fourth quarter worth $59,000. 68.82% of the stock is currently owned by institutional investors.
W. R. Berkley Trading Down 0.2%
W. R. Berkley stock traded down $0.16 during midday trading on Thursday, reaching $73.88. The stock had a trading volume of 508,245 shares, compared to its average volume of 1,877,861. W. R. Berkley Co. has a twelve month low of $51.17 and a twelve month high of $76.38. 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 firm has a market cap of $28.03 billion, a price-to-earnings ratio of 16.93, a PEG ratio of 1.56 and a beta of 0.44. The firm's fifty day simple moving average is $70.95 and its two-hundred day simple moving average is $64.45.
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 for the quarter, missing analysts' consensus estimates of $1.08 by ($0.07). The company had revenue of $3.01 billion during the quarter, compared to analyst estimates of $3.01 billion. W. R. Berkley had a return on equity of 20.83% and a net margin of 12.88%. Equities analysts anticipate that W. R. Berkley Co. will post 4.33 EPS for the current fiscal year.
Analysts Set New Price Targets
A number of brokerages have issued reports on WRB. 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. Jefferies Financial Group upped their price objective on shares of W. R. Berkley from $57.00 to $66.00 and gave the stock a "hold" rating in a report on Friday, April 11th. 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. Keefe, Bruyette & Woods upped their price target on shares of W. R. Berkley from $65.00 to $75.00 and gave the stock a "market perform" rating in a research note on Monday, May 19th. Finally, 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. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, W. R. Berkley presently has an average rating of "Hold" and a consensus price target of $70.64.
Check Out Our Latest Research Report on W. R. Berkley
W. R. Berkley Company Profile
(
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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