Wellington Management Group LLP Decreases Position in W. R. Berkley Co. (NYSE:WRB)

Wellington Management Group LLP cut its holdings in W. R. Berkley Co. (NYSE:WRB - Free Report) by 31.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 519,022 shares of the insurance provider's stock after selling 234,169 shares during the period. Wellington Management Group LLP owned 0.14% of W. R. Berkley worth $30,373,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Amundi boosted its holdings in W. R. Berkley by 43.1% in the 4th quarter. Amundi now owns 1,477,932 shares of the insurance provider's stock worth $85,853,000 after buying an additional 444,986 shares during the period. Brown Lisle Cummings Inc. bought a new position in W. R. Berkley in the 4th quarter worth approximately $982,000. HighPoint Advisor Group LLC boosted its holdings in W. R. Berkley by 12.0% in the 4th quarter. HighPoint Advisor Group LLC now owns 4,967 shares of the insurance provider's stock worth $304,000 after buying an additional 532 shares during the period. Financial Strategies Group Inc. boosted its holdings in W. R. Berkley by 3.8% in the 4th quarter. Financial Strategies Group Inc. now owns 119,327 shares of the insurance provider's stock worth $6,766,000 after buying an additional 4,363 shares during the period. Finally, JPMorgan Chase & Co. boosted its holdings 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 during the period. 68.82% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have issued reports on WRB. Barclays increased 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. Jefferies Financial Group increased their target price on shares of W. R. Berkley from $57.00 to $66.00 and gave the stock a "hold" rating in a research note on Friday, April 11th. The Goldman Sachs Group cut shares of W. R. Berkley from a "strong-buy" rating to a "hold" rating and increased their target price for the stock from $74.00 to $76.00 in a research note on Thursday, May 22nd. 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, UBS Group increased their target price 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. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $70.64.

W. R. Berkley Price Performance

Shares of W. R. Berkley stock traded down $0.19 on Wednesday, hitting $74.57. 313,353 shares of the company traded hands, compared to its average volume of 1,760,061. The firm's 50-day simple moving average is $70.89 and its 200 day simple moving average is $64.38. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 0.34. The company has a market cap of $28.29 billion, a P/E ratio of 17.09, a P/E/G ratio of 1.56 and a beta of 0.44. 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 data 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 company 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%. Analysts expect that W. R. Berkley Co. will post 4.33 earnings per share for the current fiscal year.

About W. R. Berkley

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.