Goldman Sachs Group Inc. Has $98.77 Million Position in W. R. Berkley Co. (NYSE:WRB)

Goldman Sachs Group Inc. decreased its stake in W. R. Berkley Co. (NYSE:WRBFree Report) by 6.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,396,565 shares of the insurance provider’s stock after selling 88,741 shares during the period. Goldman Sachs Group Inc. owned 0.54% of W. R. Berkley worth $98,765,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Norges Bank bought a new position in W. R. Berkley during the 4th quarter worth approximately $213,635,000. The Manufacturers Life Insurance Company raised its stake in W. R. Berkley by 89.2% during the fourth quarter. The Manufacturers Life Insurance Company now owns 1,904,555 shares of the insurance provider’s stock worth $134,690,000 after buying an additional 898,027 shares during the last quarter. Maren Capital LLC acquired a new position in W. R. Berkley in the fourth quarter valued at $37,915,000. Morgan Stanley boosted its position in W. R. Berkley by 4.2% during the third quarter. Morgan Stanley now owns 13,065,224 shares of the insurance provider’s stock valued at $829,511,000 after acquiring an additional 529,817 shares during the last quarter. Finally, UBS Group AG grew its holdings in W. R. Berkley by 57.2% during the 4th quarter. UBS Group AG now owns 1,261,200 shares of the insurance provider’s stock worth $89,192,000 after acquiring an additional 458,840 shares during the period. 68.82% of the stock is currently owned by institutional investors.

W. R. Berkley Price Performance

WRB stock opened at $79.77 on Tuesday. The company has a market capitalization of $20.39 billion, a P/E ratio of 14.14, a price-to-earnings-growth ratio of 1.04 and a beta of 0.63. W. R. Berkley Co. has a 52-week low of $56.36 and a 52-week high of $89.18. The business has a 50-day simple moving average of $80.41 and a two-hundred day simple moving average of $79.05. 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 announced its quarterly earnings results on Tuesday, April 23rd. The insurance provider reported $1.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.46 by $0.10. W. R. Berkley had a return on equity of 20.51% and a net margin of 12.23%. The business had revenue of $2.76 billion during the quarter, compared to the consensus estimate of $2.77 billion. During the same quarter in the prior year, the company posted $1.00 earnings per share. W. R. Berkley’s revenue was up 11.0% compared to the same quarter last year. Research analysts expect that W. R. Berkley Co. will post 5.82 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages recently commented on WRB. Royal Bank of Canada cut their target price 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. Evercore ISI raised their price objective on shares of W. R. Berkley from $83.00 to $89.00 and gave the stock an “in-line” rating in a research report on Thursday, April 11th. BMO Capital Markets dropped their target price on shares of W. R. Berkley from $93.00 to $87.00 and set a “market perform” rating on the stock in a research report on Wednesday, April 24th. Truist Financial reduced their price target on shares of W. R. Berkley from $95.00 to $93.00 and set a “buy” rating for the company in a report on Wednesday, April 24th. Finally, StockNews.com upgraded shares of W. R. Berkley from a “hold” rating to a “buy” rating in a report on Saturday, May 4th. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $90.38.

Check Out Our Latest Stock Analysis on W. R. Berkley

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.

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

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