TD Asset Management Inc raised its holdings in W. R. Berkley Co. (NYSE:WRB - Free Report) by 23.6% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 345,777 shares of the insurance provider's stock after buying an additional 65,922 shares during the quarter. TD Asset Management Inc owned 0.13% of W. R. Berkley worth $24,453,000 at the end of the most recent quarter.
Other institutional investors also recently added to or reduced their stakes in the company. Bruce G. Allen Investments LLC bought a new stake in shares of W. R. Berkley in the fourth quarter valued at about $25,000. Glassman Wealth Services lifted its position in shares of W. R. Berkley by 123.1% in the 4th quarter. Glassman Wealth Services now owns 357 shares of the insurance provider's stock worth $25,000 after acquiring an additional 197 shares during the period. Parkside Financial Bank & Trust grew its holdings in shares of W. R. Berkley by 106.1% during the 3rd quarter. Parkside Financial Bank & Trust now owns 406 shares of the insurance provider's stock worth $26,000 after purchasing an additional 209 shares in the last quarter. Raleigh Capital Management Inc. increased its position in shares of W. R. Berkley by 132.6% during the third quarter. Raleigh Capital Management Inc. now owns 414 shares of the insurance provider's stock valued at $26,000 after purchasing an additional 236 shares during the period. Finally, VisionPoint Advisory Group LLC acquired a new position in shares of W. R. Berkley in the third quarter valued at $27,000. 68.82% of the stock is owned by institutional investors.
Analyst Ratings Changes
Several analysts have recently weighed in on the stock. The Goldman Sachs Group lifted their target price on shares of W. R. Berkley from $86.00 to $95.00 and gave the company a "buy" rating in a research report on Friday, April 12th. BMO Capital Markets decreased their price objective on shares of 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. Royal Bank of Canada cut their target price on shares of W. R. Berkley from $88.00 to $86.00 and set a "sector perform" rating for the company in a research note on Wednesday, April 24th. Wells Fargo & Company reduced their target price on W. R. Berkley from $99.00 to $94.00 and set an "overweight" rating on the stock in a report on Wednesday, April 24th. Finally, StockNews.com raised 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 given a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $90.38.
Check Out Our Latest Analysis on W. R. Berkley
W. R. Berkley Trading Up 1.9 %
WRB stock traded up $1.53 during midday trading on Friday, reaching $81.03. The company's stock had a trading volume of 1,687,492 shares, compared to its average volume of 877,644. The business's 50-day simple moving average is $81.33 and its 200-day simple moving average is $78.65. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 0.36. W. R. Berkley Co. has a 52 week low of $55.50 and a 52 week high of $89.18. The stock has a market cap of $20.72 billion, a PE ratio of 14.37, a price-to-earnings-growth ratio of 1.05 and a beta of 0.60.
W. R. Berkley (NYSE:WRB - Get Free Report) last posted 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 for the quarter, compared to analyst estimates of $2.77 billion. During the same period last year, the company earned $1.00 EPS. The firm's revenue was up 11.0% on a year-over-year basis. As a group, sell-side analysts expect that W. R. Berkley Co. will post 5.82 EPS for the current 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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