Cibc World Markets Corp Buys 14,639 Shares of W. R. Berkley Co. (NYSE:WRB)

Cibc World Markets Corp raised its stake in W. R. Berkley Co. (NYSE:WRBFree Report) by 44.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 47,313 shares of the insurance provider’s stock after buying an additional 14,639 shares during the period. Cibc World Markets Corp’s holdings in W. R. Berkley were worth $3,346,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in WRB. Janney Montgomery Scott LLC grew its position in shares of W. R. Berkley by 4.0% in the 3rd quarter. Janney Montgomery Scott LLC now owns 166,240 shares of the insurance provider’s stock valued at $10,555,000 after buying an additional 6,371 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of W. R. Berkley by 2.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,633,418 shares of the insurance provider’s stock valued at $103,706,000 after buying an additional 36,994 shares during the last quarter. Vanguard Personalized Indexing Management LLC grew its position in shares of W. R. Berkley by 2.4% in the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 19,454 shares of the insurance provider’s stock valued at $1,235,000 after buying an additional 459 shares during the last quarter. Pathstone Family Office LLC lifted its stake in shares of W. R. Berkley by 173.8% in the 3rd quarter. Pathstone Family Office LLC now owns 13,324 shares of the insurance provider’s stock valued at $848,000 after purchasing an additional 8,457 shares during the period. Finally, HighTower Advisors LLC lifted its stake in shares of W. R. Berkley by 8.6% in the 3rd quarter. HighTower Advisors LLC now owns 51,581 shares of the insurance provider’s stock valued at $3,282,000 after purchasing an additional 4,073 shares during the period. Institutional investors own 68.82% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on WRB shares. Wells Fargo & Company dropped their price objective on W. R. Berkley from $99.00 to $94.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 24th. BMO Capital Markets dropped their price objective on W. R. Berkley from $93.00 to $87.00 and set a “market perform” rating on the stock in a research note on Wednesday, April 24th. Keefe, Bruyette & Woods dropped their price objective on W. R. Berkley from $88.00 to $86.00 and set a “market perform” rating on the stock in a research note on Friday, May 3rd. Evercore ISI boosted their price objective on W. R. Berkley from $83.00 to $89.00 and gave the company an “in-line” rating in a research note on Thursday, April 11th. Finally, Truist Financial dropped their price target on W. R. Berkley from $95.00 to $93.00 and set a “buy” rating on the stock in a research note on Wednesday, April 24th. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $90.38.

Get Our Latest Stock Report on W. R. Berkley

W. R. Berkley Stock Up 0.7 %

WRB stock opened at $80.20 on Friday. The company has a market cap of $20.50 billion, a P/E ratio of 14.22, a price-to-earnings-growth ratio of 1.03 and a beta of 0.63. W. R. Berkley Co. has a fifty-two week low of $56.36 and a fifty-two week high of $89.18. The stock’s 50 day simple moving average is $80.56 and its 200 day simple moving average is $78.94. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.36 and a current ratio of 0.36.

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

W. R. Berkley 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.

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

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