W. R. Berkley Co. (NYSE:WRB) Stock Position Decreased by OLD National Bancorp IN

OLD National Bancorp IN trimmed its holdings in shares of W. R. Berkley Co. (NYSE:WRB - Free Report) by 68.3% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,655 shares of the insurance provider's stock after selling 7,880 shares during the period. OLD National Bancorp IN's holdings in W. R. Berkley were worth $260,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Pullen Investment Management LLC boosted its position in shares of W. R. Berkley by 0.7% during the fourth quarter. Pullen Investment Management LLC now owns 22,954 shares of the insurance provider's stock worth $1,343,000 after buying an additional 161 shares during the period. Smartleaf Asset Management LLC grew its stake in shares of W. R. Berkley by 3.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 5,289 shares of the insurance provider's stock worth $310,000 after purchasing an additional 188 shares in the last quarter. Optiver Holding B.V. increased its holdings in shares of W. R. Berkley by 107.3% during the fourth quarter. Optiver Holding B.V. now owns 427 shares of the insurance provider's stock valued at $25,000 after purchasing an additional 221 shares during the period. Wedmont Private Capital raised its stake in shares of W. R. Berkley by 3.0% during the first quarter. Wedmont Private Capital now owns 8,278 shares of the insurance provider's stock valued at $567,000 after purchasing an additional 240 shares in the last quarter. Finally, Private Advisor Group LLC grew its position in W. R. Berkley by 1.2% in the 4th quarter. Private Advisor Group LLC now owns 21,588 shares of the insurance provider's stock valued at $1,263,000 after buying an additional 257 shares in the last quarter. 68.82% of the stock is owned by institutional investors and hedge funds.

W. R. Berkley Stock Up 1.2%

Shares of W. R. Berkley stock traded up $0.89 during midday trading on Thursday, hitting $73.28. The company's stock had a trading volume of 377,050 shares, compared to its average volume of 1,759,829. W. R. Berkley Co. has a 1-year low of $51.17 and a 1-year high of $76.38. 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 market capitalization of $27.80 billion, a P/E ratio of 16.79, a PEG ratio of 1.56 and a beta of 0.42. The stock has a 50-day simple moving average of $71.31 and a 200-day simple moving average of $64.85.

W. R. Berkley (NYSE:WRB - Get Free Report) last released its earnings results on Monday, April 21st. The insurance provider reported $1.01 earnings per share for the quarter, missing the consensus estimate of $1.08 by ($0.07). The business had revenue of $3.01 billion for the quarter, compared to analysts' expectations 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, sell-side analysts expect that W. R. Berkley Co. will post 4.33 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts have recently issued reports on WRB shares. Wells Fargo & Company increased their price objective on shares of W. R. Berkley from $69.00 to $70.00 and gave the company an "equal weight" rating in a report on Tuesday, April 22nd. Keefe, Bruyette & Woods upped their price objective 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. UBS Group lifted their target price on W. R. Berkley from $73.00 to $78.00 and gave the stock a "buy" rating in a report on Monday, April 28th. Barclays upped their price target on shares of W. R. Berkley from $52.00 to $62.00 and gave the company an "underweight" rating in a report on Friday, April 11th. Finally, The Goldman Sachs Group cut shares of W. R. Berkley from a "strong-buy" rating to a "hold" rating and lifted their price objective for the stock from $74.00 to $76.00 in a research note on Thursday, May 22nd. One analyst has rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $70.64.

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.