Two Sigma Investments LP decreased its stake in shares of W. R. Berkley Co. (NYSE:WRB - Free Report) by 26.9% during the fourth quarter, according to its most recent 13F 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 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Optiver Holding B.V. raised its stake in W. R. Berkley by 107.3% in the 4th 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 purchased a new position in shares of W. R. Berkley in the fourth quarter worth about $35,000. Catalyst Capital Advisors LLC acquired a new stake in shares of W. R. Berkley during the fourth quarter worth about $42,000. Colonial Trust Co SC lifted its holdings in shares of W. R. Berkley by 79.9% during the fourth quarter. Colonial Trust Co SC now owns 822 shares of the insurance provider's stock worth $48,000 after purchasing an additional 365 shares during the period. Finally, Crowley Wealth Management Inc. purchased a new stake in W. R. Berkley in the fourth quarter valued at approximately $59,000. Hedge funds and other institutional investors own 68.82% of the company's stock.
Analyst Upgrades and Downgrades
Several analysts have commented on the stock. Wall Street Zen cut shares of W. R. Berkley from a "buy" rating to a "hold" rating in a research note on Wednesday, May 21st. Morgan Stanley boosted their target price on shares of W. R. Berkley from $63.00 to $75.00 and gave the company an "equal weight" rating in a research report on Monday, May 19th. Bank of America reaffirmed a "neutral" rating and issued a $74.00 price target (up from $73.00) on shares of W. R. Berkley in a report on Tuesday, April 1st. Wells Fargo & Company lifted their price objective on W. R. Berkley from $69.00 to $70.00 and gave the company an "equal weight" rating in a research note on Tuesday, April 22nd. Finally, Jefferies Financial Group upped their target price on W. R. Berkley from $57.00 to $66.00 and gave the stock a "hold" rating in a research note on Friday, April 11th. One 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's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $70.64.
Check Out Our Latest Report on WRB
W. R. Berkley Price Performance
Shares of W. R. Berkley stock traded up $0.36 on Friday, hitting $74.23. The company's stock had a trading volume of 915,965 shares, compared to its average volume of 1,761,262. The company has a market capitalization of $28.16 billion, a price-to-earnings ratio of 17.01, a price-to-earnings-growth ratio of 1.56 and a beta of 0.44. W. R. Berkley Co. has a 1 year low of $51.17 and a 1 year high of $76.38. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.36 and a current ratio of 0.36. The firm has a fifty day moving average price of $71.00 and a 200-day moving average price of $64.54.
W. R. Berkley (NYSE:WRB - Get Free Report) last posted its quarterly earnings data on Monday, April 21st. The insurance provider reported $1.01 EPS for the quarter, missing analysts' consensus estimates 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 business had revenue of $3.01 billion during the quarter, compared to analysts' expectations of $3.01 billion. As a group, sell-side analysts anticipate that W. R. Berkley Co. will post 4.33 earnings per share for the current fiscal year.
W. R. Berkley Company Profile
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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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