W.R. Berkley Corporation $WRB Shares Sold by Amundi

Amundi trimmed its stake in W.R. Berkley Corporation (NYSE:WRB - Free Report) by 10.2% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 647,848 shares of the insurance provider's stock after selling 73,192 shares during the quarter. Amundi owned about 0.17% of W.R. Berkley worth $45,693,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of WRB. Mitsui Sumitomo Insurance Co. Ltd. purchased a new stake in shares of W.R. Berkley during the 4th quarter valued at $3,542,919,000. California State Teachers Retirement System lifted its stake in shares of W.R. Berkley by 7,152.6% in the 2nd quarter. California State Teachers Retirement System now owns 22,454,989 shares of the insurance provider's stock valued at $1,583,750,000 after purchasing an additional 22,145,374 shares in the last quarter. Norges Bank purchased a new stake in shares of W.R. Berkley during the 4th quarter worth about $435,752,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in W.R. Berkley by 35,572.5% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,219,902 shares of the insurance provider's stock worth $155,660,000 after purchasing an additional 2,213,679 shares in the last quarter. Finally, Madison Asset Management LLC purchased a new position in shares of W.R. Berkley in the 2nd quarter valued at $105,639,000. Hedge funds and other institutional investors own 68.82% of the company's stock.

W.R. Berkley Stock Performance

WRB opened at $70.01 on Friday. The stock has a market cap of $25.99 billion, a PE ratio of 14.38, a price-to-earnings-growth ratio of 1.74 and a beta of 0.28. The business's 50 day moving average is $71.00 and its 200-day moving average is $68.76. W.R. Berkley Corporation has a twelve month low of $62.87 and a twelve month high of $78.96. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.29.

W.R. Berkley (NYSE:WRB - Get Free Report) last released its earnings results on Monday, July 20th. The insurance provider reported $1.27 EPS for the quarter, beating the consensus estimate of $1.08 by $0.19. W.R. Berkley had a net margin of 12.94% and a return on equity of 19.44%. The firm had revenue of $3.72 billion for the quarter, compared to analysts' expectations of $3.28 billion. During the same quarter last year, the company earned $1.05 EPS. W.R. Berkley's quarterly revenue was up 2.4% on a year-over-year basis. On average, analysts predict that W.R. Berkley Corporation will post 4.87 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Truist Financial raised their price objective on W.R. Berkley from $78.00 to $83.00 and gave the company a "buy" rating in a research report on Tuesday, July 21st. UBS Group reiterated a "neutral" rating and set a $77.00 target price (up from $71.00) on shares of W.R. Berkley in a report on Monday, July 27th. Mizuho boosted their price target on W.R. Berkley from $72.00 to $74.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 21st. Weiss Ratings upgraded W.R. Berkley from a "buy (b-)" rating to a "buy (b)" rating in a report on Wednesday. Finally, Atlantic Securities set a $74.00 price objective on shares of W.R. Berkley in a research note on Wednesday, July 15th. Three analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and six have given a Sell rating to the company's stock. According to MarketBeat, W.R. Berkley presently has an average rating of "Reduce" and a consensus price target of $70.94.

W.R. Berkley Profile

W.R. Berkley Corporation NYSE: WRB is an insurance holding company that operates through a group of property and casualty insurance businesses. The company provides commercial insurance and reinsurance products for businesses, organizations and other insurance companies, with an emphasis on specialty and complex risks.

Its offerings include commercial property and casualty coverage, excess and surplus lines, professional liability, workers' compensation, commercial automobile insurance, marine insurance and other specialty products.

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