Unigestion Holding SA Buys 15,776 Shares of W. R. Berkley Co. (NYSE:WRB)

Unigestion Holding SA grew its holdings in W. R. Berkley Co. (NYSE:WRB - Free Report) by 113.7% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 29,656 shares of the insurance provider's stock after acquiring an additional 15,776 shares during the period. Unigestion Holding SA's holdings in W. R. Berkley were worth $2,110,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of WRB. Merit Financial Group LLC boosted its holdings in shares of W. R. Berkley by 83.2% during the 1st quarter. Merit Financial Group LLC now owns 17,532 shares of the insurance provider's stock worth $1,248,000 after buying an additional 7,961 shares during the period. Baxter Bros Inc. lifted its position in W. R. Berkley by 21.5% during the 1st quarter. Baxter Bros Inc. now owns 73,458 shares of the insurance provider's stock worth $5,227,000 after acquiring an additional 13,013 shares during the last quarter. Fiduciary Alliance LLC boosted its holdings in W. R. Berkley by 9.9% during the first quarter. Fiduciary Alliance LLC now owns 8,163 shares of the insurance provider's stock valued at $581,000 after acquiring an additional 733 shares during the period. Czech National Bank increased its stake in shares of W. R. Berkley by 5.6% in the first quarter. Czech National Bank now owns 68,919 shares of the insurance provider's stock worth $4,904,000 after purchasing an additional 3,646 shares during the period. Finally, Rhumbline Advisers lifted its holdings in shares of W. R. Berkley by 11.7% during the first quarter. Rhumbline Advisers now owns 653,336 shares of the insurance provider's stock worth $46,495,000 after buying an additional 68,385 shares during the last quarter. Institutional investors and hedge funds own 68.82% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on WRB. Morgan Stanley boosted 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 research report on Monday, May 19th. Jefferies Financial Group upped their price objective on shares of W. R. Berkley from $57.00 to $66.00 and gave the company a "hold" rating in a research report on Friday, April 11th. Truist Financial increased their target price on shares of 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 upped their price target 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, The Goldman Sachs Group lowered shares of W. R. Berkley from a "strong-buy" rating to a "hold" rating and boosted their price target for the company from $74.00 to $76.00 in a report on Thursday, May 22nd. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $70.64.

W. R. Berkley Trading Down 0.4%

WRB stock traded down $0.27 during trading on Thursday, hitting $73.77. The company had a trading volume of 1,063,565 shares, compared to its average volume of 1,758,301. The stock has a market cap of $27.98 billion, a price-to-earnings ratio of 16.91, a PEG ratio of 1.56 and a beta of 0.44. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 0.34. The firm has a 50-day moving average price of $70.95 and a 200-day moving average price of $64.45. W. R. Berkley Co. has a 12 month low of $51.17 and a 12 month high of $76.38.

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). The firm had revenue of $3.01 billion during 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%. As a group, analysts predict that W. R. Berkley Co. will post 4.33 earnings per share for the current 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.