Northern Trust Corp Acquires 39,594 Shares of W. R. Berkley Co. (NYSE:WRB)

Northern Trust Corp raised its holdings in shares of W. R. Berkley Co. (NYSE:WRBFree Report) by 2.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,041,442 shares of the insurance provider’s stock after purchasing an additional 39,594 shares during the quarter. Northern Trust Corp owned 0.79% of W. R. Berkley worth $144,371,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Cibc World Markets Corp grew its stake in shares of W. R. Berkley by 44.8% in the 4th quarter. Cibc World Markets Corp now owns 47,313 shares of the insurance provider’s stock worth $3,346,000 after acquiring an additional 14,639 shares in the last quarter. Public Employees Retirement Association of Colorado grew its stake in shares of W. R. Berkley by 2,064.8% in the 4th quarter. Public Employees Retirement Association of Colorado now owns 269,817 shares of the insurance provider’s stock worth $19,081,000 after acquiring an additional 257,353 shares in the last quarter. Tower Research Capital LLC TRC grew its stake in shares of W. R. Berkley by 11.2% in the 4th quarter. Tower Research Capital LLC TRC now owns 30,128 shares of the insurance provider’s stock worth $2,131,000 after acquiring an additional 3,023 shares in the last quarter. Maren Capital LLC bought a new stake in shares of W. R. Berkley in the 4th quarter worth $37,915,000. Finally, Rafferty Asset Management LLC boosted its holdings in shares of W. R. Berkley by 5.8% in the 4th quarter. Rafferty Asset Management LLC now owns 72,210 shares of the insurance provider’s stock worth $5,107,000 after buying an additional 3,933 shares during the last quarter. Institutional investors own 68.82% of the company’s stock.

W. R. Berkley Stock Down 0.5 %

Shares of NYSE WRB opened at $79.77 on Tuesday. W. R. Berkley Co. has a one year low of $56.36 and a one year high of $89.18. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.36 and a quick ratio of 0.36. The firm’s 50 day simple moving average is $80.41 and its two-hundred day simple moving average is $79.05. The stock has a market capitalization of $20.39 billion, a P/E ratio of 14.14, a PEG ratio of 1.04 and a beta of 0.63.

W. R. Berkley (NYSE:WRBGet Free Report) last issued its quarterly earnings results on Tuesday, April 23rd. The insurance provider reported $1.56 EPS for the quarter, beating analysts’ consensus estimates of $1.46 by $0.10. W. R. Berkley had a net margin of 12.23% and a return on equity of 20.51%. The business had revenue of $2.76 billion for the quarter, compared to analysts’ expectations of $2.77 billion. During the same period last year, the business earned $1.00 earnings per share. The business’s quarterly revenue was up 11.0% on a year-over-year basis. As a group, analysts expect that W. R. Berkley Co. will post 5.82 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. BMO Capital Markets dropped 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 report on Wednesday, April 24th. Wells Fargo & Company dropped their price objective on shares of W. R. Berkley from $99.00 to $94.00 and set an “overweight” rating on the stock in a report on Wednesday, April 24th. Royal Bank of Canada dropped their price objective on shares of W. R. Berkley from $88.00 to $86.00 and set a “sector perform” rating on the stock in a report on Wednesday, April 24th. Keefe, Bruyette & Woods lowered their price target 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, Evercore ISI increased their price target on shares of W. R. Berkley from $83.00 to $89.00 and gave the stock an “in-line” rating in a report on Thursday, April 11th. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, W. R. Berkley currently has an average rating of “Moderate Buy” and an average price target of $90.38.

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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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