First Eagle Investment Management LLC Has $537.26 Million Position in W. R. Berkley Corp (WRB)

First Eagle Investment Management LLC increased its position in W. R. Berkley Corp (NYSE:WRB) by 0.1% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,721,646 shares of the insurance provider’s stock after purchasing an additional 6,526 shares during the period. W. R. Berkley makes up approximately 1.4% of First Eagle Investment Management LLC’s holdings, making the stock its 27th biggest position. First Eagle Investment Management LLC owned 5.50% of W. R. Berkley worth $537,261,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the stock. BlackRock Inc. increased its position in shares of W. R. Berkley by 2.3% during the 3rd quarter. BlackRock Inc. now owns 10,716,398 shares of the insurance provider’s stock valued at $856,561,000 after purchasing an additional 236,781 shares during the last quarter. Victory Capital Management Inc. increased its position in shares of W. R. Berkley by 1.8% during the 2nd quarter. Victory Capital Management Inc. now owns 3,894,895 shares of the insurance provider’s stock valued at $282,030,000 after purchasing an additional 70,693 shares during the last quarter. Janus Henderson Group PLC increased its position in shares of W. R. Berkley by 13.4% during the 3rd quarter. Janus Henderson Group PLC now owns 3,797,943 shares of the insurance provider’s stock valued at $303,569,000 after purchasing an additional 448,923 shares during the last quarter. Boston Partners increased its position in shares of W. R. Berkley by 1.9% during the 2nd quarter. Boston Partners now owns 3,566,823 shares of the insurance provider’s stock valued at $258,274,000 after purchasing an additional 66,385 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its position in shares of W. R. Berkley by 3.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,156,888 shares of the insurance provider’s stock valued at $172,400,000 after purchasing an additional 77,478 shares during the last quarter. Institutional investors own 74.23% of the company’s stock.

WRB has been the subject of several 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 for the company in a research report on Thursday, September 27th. Credit Suisse Group initiated coverage on shares of W. R. Berkley in a research report on Tuesday, August 7th. They set a “neutral” rating and a $78.00 price target for the company. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $78.50.

W. R. Berkley stock opened at $77.64 on Monday. The company has a market capitalization of $9.48 billion, a P/E ratio of 31.56, a PEG ratio of 2.14 and a beta of 0.83. W. R. Berkley Corp has a 12-month low of $65.92 and a 12-month high of $80.68. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 0.49.

W. R. Berkley (NYSE:WRB) last released its earnings results on Tuesday, October 23rd. The insurance provider reported $1.12 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.84 by $0.28. The company had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.60 billion. W. R. Berkley had a net margin of 8.64% and a return on equity of 9.03%. The firm’s quarterly revenue was up 1.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.26 EPS. Analysts forecast that W. R. Berkley Corp will post 4.03 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 12th. Investors of record on Wednesday, November 28th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.77%. The ex-dividend date is Tuesday, November 27th. W. R. Berkley’s dividend payout ratio is 24.39%.

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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.

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

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