W. R. Berkley Corp (WRB) Holdings Increased by First Trust Advisors LP

First Trust Advisors LP raised its position in shares of W. R. Berkley Corp (NYSE:WRB) by 56.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 172,452 shares of the insurance provider’s stock after purchasing an additional 62,374 shares during the quarter. First Trust Advisors LP owned 0.14% of W. R. Berkley worth $13,784,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. American International Group Inc. raised its stake in W. R. Berkley by 0.7% during the 2nd quarter. American International Group Inc. now owns 201,143 shares of the insurance provider’s stock valued at $14,565,000 after purchasing an additional 1,361 shares during the period. Carillon Tower Advisers Inc. increased its stake in shares of W. R. Berkley by 44.9% in the second quarter. Carillon Tower Advisers Inc. now owns 209,325 shares of the insurance provider’s stock worth $15,157,000 after acquiring an additional 64,850 shares during the last quarter. California Public Employees Retirement System increased its stake in shares of W. R. Berkley by 26.0% in the second quarter. California Public Employees Retirement System now owns 338,512 shares of the insurance provider’s stock worth $24,512,000 after acquiring an additional 69,949 shares during the last quarter. Atria Investments LLC acquired a new position in shares of W. R. Berkley in the third quarter worth $269,000. Finally, Mutual of America Capital Management LLC increased its stake in shares of W. R. Berkley by 4.4% in the second quarter. Mutual of America Capital Management LLC now owns 82,329 shares of the insurance provider’s stock worth $5,961,000 after acquiring an additional 3,462 shares during the last quarter. 72.76% of the stock is currently owned by institutional investors.

WRB has been the topic of a number of research reports. Zacks Investment Research raised shares of W. R. Berkley from a “hold” rating to a “buy” rating and set a $88.00 price target on the stock in a research note on Thursday, September 27th. Boenning Scattergood reaffirmed a “hold” rating on shares of W. R. Berkley in a research note on Wednesday, July 25th. Finally, Credit Suisse Group initiated coverage on shares of W. R. Berkley in a research note on Tuesday, August 7th. They issued a “neutral” rating and a $78.00 price target on the stock. Three analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $76.60.

NYSE WRB opened at $78.41 on Friday. W. R. Berkley Corp has a 1-year low of $65.92 and a 1-year high of $80.68. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.37 and a current ratio of 0.37. The firm has a market capitalization of $9.56 billion, a PE ratio of 31.87, a P/E/G ratio of 2.20 and a beta of 0.83.

W. R. Berkley (NYSE:WRB) last posted its quarterly earnings results on Tuesday, October 23rd. The insurance provider reported $1.12 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.84 by $0.28. W. R. Berkley had a net margin of 8.64% and a return on equity of 9.04%. The business had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.60 billion. During the same period in the prior year, the business posted $1.26 earnings per share. W. R. Berkley’s revenue for the quarter was up 1.4% compared to the same quarter last year. On average, sell-side analysts predict that W. R. Berkley Corp will post 3.96 EPS for the current year.

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About W. R. Berkley

W. R. Berkley Corporation, an insurance holding company, operates as a commercial lines writer in the United States and internationally. It operates through two segments, Insurance and Reinsurance. The Insurance segment underwrites commercial insurance business, including premises operations, commercial automobile, property, products liability, and professional liability lines.

Read More: Benefits of owning preferred stock

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Institutional Ownership by Quarter for W. R. Berkley (NYSE:WRB)

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