Speece Thorson Capital Group Inc. lessened its holdings in shares of W. R. Berkley Corp (NYSE:WRB) by 0.7% in the fourth quarter, Holdings Channel reports. The fund owned 148,353 shares of the insurance provider’s stock after selling 986 shares during the period. W. R. Berkley accounts for about 2.1% of Speece Thorson Capital Group Inc.’s investment portfolio, making the stock its 25th largest holding. Speece Thorson Capital Group Inc.’s holdings in W. R. Berkley were worth $10,629,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the company. Sei Investments Co. boosted its position in shares of W. R. Berkley by 2.5% during the 3rd quarter. Sei Investments Co. now owns 32,102 shares of the insurance provider’s stock valued at $2,117,000 after acquiring an additional 777 shares during the last quarter. Retirement Systems of Alabama boosted its position in shares of W. R. Berkley by 0.4% during the 4th quarter. Retirement Systems of Alabama now owns 219,416 shares of the insurance provider’s stock valued at $15,721,000 after acquiring an additional 796 shares during the last quarter. Comerica Bank boosted its position in shares of W. R. Berkley by 1.2% during the 4th quarter. Comerica Bank now owns 76,496 shares of the insurance provider’s stock valued at $5,492,000 after acquiring an additional 942 shares during the last quarter. CIBC World Markets Inc. boosted its position in shares of W. R. Berkley by 15.9% during the 4th quarter. CIBC World Markets Inc. now owns 7,440 shares of the insurance provider’s stock valued at $533,000 after acquiring an additional 1,023 shares during the last quarter. Finally, Advisor Group Inc. boosted its position in shares of W. R. Berkley by 50.7% during the 2nd quarter. Advisor Group Inc. now owns 3,370 shares of the insurance provider’s stock valued at $233,000 after acquiring an additional 1,134 shares during the last quarter. Hedge funds and other institutional investors own 70.81% of the company’s stock.

W. R. Berkley Corp (WRB) opened at $67.61 on Wednesday. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.34 and a quick ratio of 0.34. The company has a market capitalization of $8,265.45, a P/E ratio of 15.94, a price-to-earnings-growth ratio of 2.10 and a beta of 0.84. W. R. Berkley Corp has a 12 month low of $62.00 and a 12 month high of $74.43.

A number of analysts have recently issued reports on WRB shares. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $69.00 price target on shares of W. R. Berkley in a research report on Friday, November 17th. Deutsche Bank raised their price objective on W. R. Berkley from $65.00 to $66.00 and gave the company a “hold” rating in a report on Wednesday, October 25th. Zacks Investment Research raised W. R. Berkley from a “sell” rating to a “hold” rating in a report on Monday, November 20th. Bank of America raised their price objective on W. R. Berkley from $73.00 to $74.00 and gave the company a “neutral” rating in a report on Wednesday, October 25th. Finally, Boenning Scattergood reissued a “hold” rating on shares of W. R. Berkley in a report on Wednesday, October 25th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $70.38.

WARNING: “W. R. Berkley Corp (WRB) Shares Sold by Speece Thorson Capital Group Inc.” was published by TheOlympiaReport and is owned by of TheOlympiaReport. If you are viewing this piece of content on another site, it was copied illegally and republished in violation of U.S. and international copyright and trademark legislation. The original version of this piece of content can be viewed at https://theolympiareport.com/2018/02/14/w-r-berkley-corp-wrb-shares-sold-by-speece-thorson-capital-group-inc.html.

W. R. Berkley Profile

W. R. Berkley Corporation is an insurance holding company. It operates through two segments: Insurance and Reinsurance-Global. The Insurance segment consists of its commercial insurance business operations, comprising excess and surplus lines, and admitted lines, throughout the United States, as well as its insurance business operations in the United Kingdom, Continental Europe, South America, Canada, Mexico, Scandinavia, Asia and Australia.

Want to see what other hedge funds are holding WRB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for W. R. Berkley Corp (NYSE:WRB).

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

Receive News & Ratings for W. R. Berkley Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for W. R. Berkley and related companies with MarketBeat.com's FREE daily email newsletter.