Cambridge Investment Research Advisors Inc. Acquires 14,933 Shares of W. R. Berkley Co. (NYSE:WRB)

Cambridge Investment Research Advisors Inc. increased its holdings in shares of W. R. Berkley Co. (NYSE:WRBFree Report) by 108.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 28,747 shares of the insurance provider’s stock after purchasing an additional 14,933 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in W. R. Berkley were worth $2,033,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Bruce G. Allen Investments LLC bought a new position in W. R. Berkley in the fourth quarter valued at about $25,000. Parkside Financial Bank & Trust lifted its holdings in W. R. Berkley by 106.1% in the third quarter. Parkside Financial Bank & Trust now owns 406 shares of the insurance provider’s stock valued at $26,000 after acquiring an additional 209 shares during the period. Raleigh Capital Management Inc. lifted its holdings in W. R. Berkley by 132.6% in the third quarter. Raleigh Capital Management Inc. now owns 414 shares of the insurance provider’s stock valued at $26,000 after acquiring an additional 236 shares during the period. VisionPoint Advisory Group LLC bought a new position in W. R. Berkley in the third quarter valued at about $27,000. Finally, Lindbrook Capital LLC lifted its holdings in W. R. Berkley by 70.6% in the fourth quarter. Lindbrook Capital LLC now owns 580 shares of the insurance provider’s stock valued at $41,000 after acquiring an additional 240 shares during the period. 68.82% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have commented on WRB. Royal Bank of Canada reduced their price target on W. R. Berkley from $88.00 to $86.00 and set a “sector perform” rating for the company in a research report on Wednesday, April 24th. The Goldman Sachs Group upped their price target on W. R. Berkley from $86.00 to $95.00 and gave the stock a “buy” rating in a research report on Friday, April 12th. Keefe, Bruyette & Woods reduced their price target on W. R. Berkley from $88.00 to $86.00 and set a “market perform” rating for the company in a research report on Friday, May 3rd. Wells Fargo & Company reduced their price target on W. R. Berkley from $99.00 to $94.00 and set an “overweight” rating for the company in a research report on Wednesday, April 24th. Finally, StockNews.com upgraded W. R. Berkley from a “hold” rating to a “buy” rating in a research report on Saturday, May 4th. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $90.38.

Read Our Latest Stock Report on WRB

W. R. Berkley Stock Performance

NYSE:WRB opened at $80.07 on Tuesday. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 0.36. W. R. Berkley Co. has a 12-month low of $56.36 and a 12-month high of $89.18. The stock has a 50-day moving average price of $81.19 and a 200 day moving average price of $78.72. The stock has a market capitalization of $20.47 billion, a P/E ratio of 14.20, a P/E/G ratio of 1.05 and a beta of 0.63.

W. R. Berkley (NYSE:WRBGet Free Report) last released its quarterly earnings results on Tuesday, April 23rd. The insurance provider reported $1.56 earnings per share for the quarter, beating the consensus estimate of $1.46 by $0.10. The business had revenue of $2.76 billion during the quarter, compared to analysts’ expectations of $2.77 billion. W. R. Berkley had a return on equity of 20.51% and a net margin of 12.23%. The firm’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same quarter last year, the business posted $1.00 EPS. Equities research analysts forecast that W. R. Berkley Co. will post 5.82 EPS for the current fiscal year.

W. R. Berkley Company Profile

(Free Report)

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.

Further Reading

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

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