Dean Capital Investments Management LLC Sells 980 Shares of W. R. Berkley Corp (NYSE:WRB)

Dean Capital Investments Management LLC decreased its stake in shares of W. R. Berkley Corp (NYSE:WRB) by 9.5% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 9,378 shares of the insurance provider’s stock after selling 980 shares during the period. W. R. Berkley accounts for about 0.4% of Dean Capital Investments Management LLC’s portfolio, making the stock its 29th largest holding. Dean Capital Investments Management LLC’s holdings in W. R. Berkley were worth $677,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in WRB. BlackRock Inc. boosted its holdings in W. R. Berkley by 61.0% in the 2nd quarter. BlackRock Inc. now owns 19,067,342 shares of the insurance provider’s stock valued at $1,257,109,000 after purchasing an additional 7,221,477 shares during the period. Vanguard Group Inc. lifted its holdings in shares of W. R. Berkley by 53.2% in the 2nd quarter. Vanguard Group Inc. now owns 14,922,965 shares of the insurance provider’s stock worth $983,872,000 after acquiring an additional 5,180,855 shares during the last quarter. Atlanta Capital Management Co. L L C lifted its holdings in shares of W. R. Berkley by 36.3% in the 2nd quarter. Atlanta Capital Management Co. L L C now owns 10,897,169 shares of the insurance provider’s stock worth $718,450,000 after acquiring an additional 2,899,769 shares during the last quarter. Janus Henderson Group PLC lifted its holdings in shares of W. R. Berkley by 51.4% in the 2nd quarter. Janus Henderson Group PLC now owns 7,106,715 shares of the insurance provider’s stock worth $468,545,000 after acquiring an additional 2,412,693 shares during the last quarter. Finally, Boston Partners lifted its holdings in shares of W. R. Berkley by 55.3% in the 2nd quarter. Boston Partners now owns 3,861,737 shares of the insurance provider’s stock worth $254,643,000 after acquiring an additional 1,374,347 shares during the last quarter. 70.59% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE WRB traded up $0.09 during mid-day trading on Tuesday, hitting $68.29. The stock had a trading volume of 38,664 shares, compared to its average volume of 668,493. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.36 and a current ratio of 0.36. W. R. Berkley Corp has a 1 year low of $45.91 and a 1 year high of $77.54. The business has a 50 day moving average price of $70.58 and a two-hundred day moving average price of $67.79. The firm has a market cap of $12.47 billion, a P/E ratio of 25.58, a price-to-earnings-growth ratio of 2.48 and a beta of 0.66.

W. R. Berkley (NYSE:WRB) last issued its quarterly earnings data on Tuesday, October 22nd. The insurance provider reported $0.85 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.67 by $0.18. The business had revenue of $1.68 billion for the quarter, compared to the consensus estimate of $1.67 billion. W. R. Berkley had a net margin of 8.82% and a return on equity of 10.60%. The company’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.84 EPS. Equities research analysts predict that W. R. Berkley Corp will post 3.05 EPS for the current fiscal year.

A number of brokerages have recently weighed in on WRB. Zacks Investment Research upgraded shares of W. R. Berkley from a “hold” rating to a “buy” rating and set a $74.00 price objective for the company in a report on Saturday, October 19th. ValuEngine downgraded shares of W. R. Berkley from a “sell” rating to a “strong sell” rating in a research note on Tuesday, October 22nd. Morgan Stanley lifted their target price on shares of W. R. Berkley from $63.00 to $73.00 and gave the stock an “equal weight” rating in a research note on Wednesday, August 14th. Royal Bank of Canada lifted their target price on shares of W. R. Berkley to $68.00 and gave the stock a “sector perform” rating in a research note on Wednesday, July 24th. They noted that the move was a valuation call. Finally, Buckingham Research lifted their target price on shares of W. R. Berkley from $63.00 to $64.00 and gave the stock a “neutral” rating in a research note on Thursday, September 12th. Three analysts have rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company’s stock. W. R. Berkley currently has a consensus rating of “Hold” and an average target price of $65.63.

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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