Two Sigma Advisers LP increased its stake in W. R. Berkley Co. (NYSE:WRB - Free Report) by 562.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 24,025 shares of the insurance provider's stock after purchasing an additional 20,400 shares during the quarter. Two Sigma Advisers LP's holdings in W. R. Berkley were worth $1,406,000 at the end of the most recent quarter.
A number of other large investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its stake in shares of W. R. Berkley by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 36,436,473 shares of the insurance provider's stock worth $2,132,262,000 after purchasing an additional 529,294 shares during the period. Kayne Anderson Rudnick Investment Management LLC raised its position in W. R. Berkley by 1.0% in the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 11,722,476 shares of the insurance provider's stock worth $685,999,000 after acquiring an additional 116,957 shares during the period. Geode Capital Management LLC boosted its stake in shares of W. R. Berkley by 1.4% during the 4th quarter. Geode Capital Management LLC now owns 7,694,703 shares of the insurance provider's stock worth $449,168,000 after acquiring an additional 103,350 shares during the last quarter. JPMorgan Chase & Co. grew its position in shares of W. R. Berkley by 55.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 7,366,424 shares of the insurance provider's stock valued at $417,897,000 after acquiring an additional 2,616,227 shares during the period. Finally, The Manufacturers Life Insurance Company increased its stake in shares of W. R. Berkley by 15.2% in the 4th quarter. The Manufacturers Life Insurance Company now owns 4,787,361 shares of the insurance provider's stock worth $280,156,000 after purchasing an additional 632,578 shares in the last quarter. Institutional investors own 68.82% of the company's stock.
Wall Street Analyst Weigh In
Several analysts have issued reports on the company. The Goldman Sachs Group lowered 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. Wells Fargo & Company increased their target price on shares of W. R. Berkley from $69.00 to $70.00 and gave the stock an "equal weight" rating in a report on Tuesday, April 22nd. Keefe, Bruyette & Woods lifted 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 cut shares of W. R. Berkley from a "buy" rating to a "hold" rating in a research note on Wednesday, May 21st. Finally, Truist Financial raised their price objective on shares of W. R. Berkley from $68.00 to $80.00 and gave the company a "buy" rating in a research report on Thursday, April 3rd. One 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 company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $70.64.
Read Our Latest Stock Analysis on W. R. Berkley
W. R. Berkley Price Performance
WRB stock traded down $0.37 during mid-day trading on Wednesday, hitting $74.39. The company had a trading volume of 182,094 shares, compared to its average volume of 1,759,467. The company has a 50-day moving average price of $70.89 and a 200 day moving average price of $64.38. W. R. Berkley Co. has a 12-month low of $51.17 and a 12-month high of $76.38. The company has a market capitalization of $28.22 billion, a price-to-earnings ratio of 17.03, a P/E/G 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 quarterly earnings results 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 firm had revenue of $3.01 billion for the quarter, compared to the consensus estimate of $3.01 billion. On average, research analysts anticipate that W. R. Berkley Co. will post 4.33 earnings per share for the current year.
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.
See Also
Before you consider W. R. Berkley, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and W. R. Berkley wasn't on the list.
While W. R. Berkley currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
