Crossmark Global Holdings Inc. Cuts Position in W. R. Berkley Co. (NYSE:WRB)

Crossmark Global Holdings Inc. lowered its position in shares of W. R. Berkley Co. (NYSE:WRBFree Report) by 2.2% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 18,264 shares of the insurance provider’s stock after selling 413 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in W. R. Berkley were worth $1,292,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of WRB. Charles Schwab Investment Management Inc. increased its position in shares of W. R. Berkley by 2.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,633,418 shares of the insurance provider’s stock worth $103,706,000 after acquiring an additional 36,994 shares in the last quarter. Vanguard Personalized Indexing Management LLC increased its holdings in 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 purchasing an additional 459 shares in the last quarter. Pathstone Family Office LLC lifted its stake in shares of W. R. Berkley by 173.8% during the third quarter. Pathstone Family Office LLC now owns 13,324 shares of the insurance provider’s stock worth $848,000 after purchasing an additional 8,457 shares in the last quarter. HighTower Advisors LLC boosted its position in shares of W. R. Berkley by 8.6% in the third quarter. HighTower Advisors LLC now owns 51,581 shares of the insurance provider’s stock worth $3,282,000 after buying an additional 4,073 shares during the period. Finally, Canada Pension Plan Investment Board grew its stake in shares of W. R. Berkley by 94.6% in the third quarter. Canada Pension Plan Investment Board now owns 302,370 shares of the insurance provider’s stock valued at $19,197,000 after buying an additional 147,000 shares in the last quarter. Institutional investors and hedge funds own 68.82% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently commented on WRB shares. Royal Bank of Canada reduced their price target on W. R. Berkley from $88.00 to $86.00 and set a “sector perform” rating on the stock in a research report on Wednesday, April 24th. Truist Financial decreased their target price on shares of W. R. Berkley from $95.00 to $93.00 and set a “buy” rating for the company in a research note on Wednesday, April 24th. The Goldman Sachs Group lifted their price target on shares of W. R. Berkley from $86.00 to $95.00 and gave the stock a “buy” rating in a research note on Friday, April 12th. Keefe, Bruyette & Woods cut their price objective on shares of W. R. Berkley from $88.00 to $86.00 and set a “market perform” rating on the stock in a report on Friday, May 3rd. Finally, StockNews.com upgraded W. R. Berkley from a “hold” rating to a “buy” rating in a research note on Saturday, May 4th. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, W. R. Berkley presently has an average rating of “Moderate Buy” and a consensus price target of $90.38.

View Our Latest Research Report on WRB

W. R. Berkley Price Performance

WRB opened at $80.20 on Monday. 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 Co. has a 1-year low of $56.36 and a 1-year high of $89.18. The company has a 50-day moving average of $80.56 and a 200-day moving average of $78.99. The company has a market capitalization of $20.50 billion, a P/E ratio of 14.22, a PEG ratio of 1.04 and a beta of 0.63.

W. R. Berkley (NYSE:WRBGet Free Report) last announced its quarterly earnings data on Tuesday, April 23rd. The insurance provider reported $1.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.46 by $0.10. The firm had revenue of $2.76 billion for 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%. W. R. Berkley’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.00 earnings per share. Equities analysts expect that W. R. Berkley Co. will post 5.82 EPS 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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