Willow Creek Wealth Management Inc. raised its position in W. R. Berkley Corp (NYSE:WRB) by 50.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,438 shares of the insurance provider’s stock after acquiring an additional 5,479 shares during the quarter. W. R. Berkley makes up approximately 0.5% of Willow Creek Wealth Management Inc.’s portfolio, making the stock its 21st biggest position. Willow Creek Wealth Management Inc.’s holdings in W. R. Berkley were worth $1,084,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. BlackRock Inc. grew its position in W. R. Berkley by 0.9% in the 1st quarter. BlackRock Inc. now owns 11,845,865 shares of the insurance provider’s stock valued at $1,003,583,000 after acquiring an additional 111,432 shares in the last quarter. Janus Henderson Group PLC boosted its stake in shares of W. R. Berkley by 7.1% in the 1st quarter. Janus Henderson Group PLC now owns 4,694,022 shares of the insurance provider’s stock valued at $397,678,000 after buying an additional 309,541 shares during the period. Northern Trust Corp boosted its stake in shares of W. R. Berkley by 18.4% in the 1st quarter. Northern Trust Corp now owns 1,234,618 shares of the insurance provider’s stock valued at $104,597,000 after buying an additional 191,803 shares during the period. Geode Capital Management LLC boosted its stake in shares of W. R. Berkley by 15.7% in the 4th quarter. Geode Capital Management LLC now owns 1,139,829 shares of the insurance provider’s stock valued at $84,199,000 after buying an additional 154,325 shares during the period. Finally, Norges Bank purchased a new position in shares of W. R. Berkley in the 4th quarter valued at about $65,753,000. 72.63% of the stock is owned by institutional investors.
WRB has been the subject of several recent research reports. Boenning Scattergood reiterated a “hold” rating on shares of W. R. Berkley in a research note on Wednesday, April 24th. UBS Group lifted their price objective on W. R. Berkley from $53.00 to $56.00 and gave the company a “sell” rating in a research note on Wednesday, April 24th. Zacks Investment Research upgraded W. R. Berkley from a “hold” rating to a “buy” rating and set a $71.00 price objective for the company in a research note on Saturday, July 27th. Royal Bank of Canada lifted their price objective on W. R. Berkley to $68.00 and gave the company a “sector perform” rating in a research note on Wednesday, July 24th. They noted that the move was a valuation call. Finally, Deutsche Bank cut W. R. Berkley from a “hold” rating to a “sell” rating and set a $65.71 price objective for the company. in a research note on Wednesday, June 26th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $61.34.
WRB stock traded up $0.61 during trading on Friday, hitting $69.41. 8,086 shares of the company’s stock were exchanged, compared to its average volume of 488,148. The firm’s 50-day moving average price is $67.30. The firm has a market capitalization of $12.61 billion, a PE ratio of 26.04, a price-to-earnings-growth ratio of 2.77 and a beta of 0.73. W. R. Berkley Corp has a 52-week low of $45.91 and a 52-week high of $71.23. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.37 and a quick ratio of 0.37.
W. R. Berkley (NYSE:WRB) last posted its earnings results on Tuesday, July 23rd. The insurance provider reported $0.82 earnings per share for the quarter, topping the consensus estimate of $0.64 by $0.18. The firm had revenue of $1.65 billion during the quarter, compared to analysts’ expectations of $1.63 billion. W. R. Berkley had a return on equity of 10.75% and a net margin of 8.81%. The firm’s revenue was up 4.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.40 earnings per share. On average, equities research analysts predict that W. R. Berkley Corp will post 2.82 EPS for the current year.
W. R. Berkley Profile
W. R. Berkley Corporation, an insurance holding company, operates as a commercial lines writer in the United States and internationally. It operates through two segments, Insurance and Reinsurance. The Insurance segment underwrites commercial insurance business, including premises operations, commercial automobile, property, products liability, and professional liability lines.
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