Delphi Management Inc. MA Reduces Holdings in W. R. Berkley Co. (NYSE:WRB)

Delphi Management Inc. MA trimmed its holdings in shares of W. R. Berkley Co. (NYSE:WRB - Free Report) by 17.3% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 22,378 shares of the insurance provider's stock after selling 4,671 shares during the period. W. R. Berkley comprises approximately 1.6% of Delphi Management Inc. MA's investment portfolio, making the stock its 3rd biggest position. Delphi Management Inc. MA's holdings in W. R. Berkley were worth $1,592,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Norges Bank acquired a new position in W. R. Berkley in the 4th quarter worth approximately $272,582,000. JPMorgan Chase & Co. lifted its position in W. R. Berkley by 55.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 7,366,424 shares of the insurance provider's stock worth $417,897,000 after buying an additional 2,616,227 shares in the last quarter. Madison Investment Advisors LLC purchased a new stake in W. R. Berkley in the 4th quarter worth approximately $98,446,000. Bank of America Corp DE lifted its position in W. R. Berkley by 121.1% in the 4th quarter. Bank of America Corp DE now owns 2,949,573 shares of the insurance provider's stock worth $172,609,000 after buying an additional 1,615,565 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in W. R. Berkley in the 4th quarter worth approximately $89,691,000. 68.82% of the stock is currently owned by institutional investors.

W. R. Berkley Stock Up 0.6%

WRB traded up $0.42 during trading hours on Monday, hitting $75.11. 1,181,073 shares of the company's stock were exchanged, compared to its average volume of 1,765,541. W. R. Berkley Co. has a 1-year low of $51.17 and a 1-year high of $76.38. The stock's 50-day moving average is $70.53 and its two-hundred day moving average is $64.21. The stock has a market cap of $28.49 billion, a price-to-earnings ratio of 17.21, 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.

W. R. Berkley (NYSE:WRB - Get Free Report) last announced its earnings results on Monday, April 21st. The insurance provider reported $1.01 EPS for the quarter, missing the consensus estimate of $1.08 by ($0.07). W. R. Berkley had a return on equity of 20.83% and a net margin of 12.88%. The business had revenue of $3.01 billion for the quarter, compared to analyst estimates of $3.01 billion. Sell-side analysts predict that W. R. Berkley Co. will post 4.33 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have recently weighed in on WRB. Keefe, Bruyette & Woods raised their price target on shares of W. R. Berkley from $65.00 to $75.00 and gave the company a "market perform" rating in a report on Monday, May 19th. Wall Street Zen lowered shares of W. R. Berkley from a "buy" rating to a "hold" rating in a research report on Wednesday, May 21st. Barclays boosted 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 note on Friday, April 11th. UBS Group boosted their price target on shares of W. R. Berkley from $73.00 to $78.00 and gave the stock a "buy" rating in a research note on Monday, April 28th. Finally, Truist Financial boosted their price target on shares of W. R. Berkley from $68.00 to $80.00 and gave the stock a "buy" rating in a research note on Thursday, April 3rd. One research analyst has rated the stock with a sell rating, nine have given a hold rating and three have given a buy rating to the company's stock. According to MarketBeat, W. R. Berkley has a consensus rating of "Hold" and an average price target of $70.64.

W. R. Berkley 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.