Crossmark Global Holdings Inc. boosted its position in W. R. Berkley Corp (NYSE:WRB) by 44.5% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 14,682 shares of the insurance provider’s stock after acquiring an additional 4,524 shares during the period. Crossmark Global Holdings Inc.’s holdings in W. R. Berkley were worth $829,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the business. JPMorgan Chase & Co. raised its holdings in W. R. Berkley by 3.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,156,888 shares of the insurance provider’s stock worth $172,400,000 after purchasing an additional 77,478 shares during the period. Vanguard Group Inc increased its stake in W. R. Berkley by 1.2% during the 3rd quarter. Vanguard Group Inc now owns 9,227,226 shares of the insurance provider’s stock worth $737,533,000 after buying an additional 107,591 shares in the last quarter. DNB Asset Management AS purchased a new stake in W. R. Berkley during the 4th quarter worth approximately $4,574,000. Fox Run Management L.L.C. purchased a new stake in W. R. Berkley during the 4th quarter worth approximately $250,000. Finally, Legacy Financial Advisors Inc. increased its stake in W. R. Berkley by 6.4% during the 4th quarter. Legacy Financial Advisors Inc. now owns 8,641 shares of the insurance provider’s stock worth $639,000 after buying an additional 517 shares in the last quarter. 72.63% of the stock is owned by hedge funds and other institutional investors.

WRB stock opened at $61.57 on Thursday. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.48. The company has a market capitalization of $11.17 billion, a PE ratio of 23.06, a P/E/G ratio of 2.60 and a beta of 0.78. W. R. Berkley Corp has a 1 year low of $45.91 and a 1 year high of $61.79.

W. R. Berkley (NYSE:WRB) last posted its quarterly earnings results on Tuesday, April 23rd. The insurance provider reported $0.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.63 by $0.31. The business had revenue of $1.59 billion during the quarter, compared to analyst estimates of $1.62 billion. W. R. Berkley had a return on equity of 10.21% and a net margin of 8.47%. The business’s revenue was up 1.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.87 earnings per share. Equities research analysts predict that W. R. Berkley Corp will post 2.6 EPS for the current fiscal year.

Several equities research analysts have commented on WRB shares. Zacks Investment Research lowered W. R. Berkley from a “hold” rating to a “sell” rating in a research note on Monday, January 21st. Credit Suisse Group upgraded W. R. Berkley from a “neutral” rating to an “outperform” rating and boosted their price objective for the stock from $51.67 to $58.67 in a research note on Wednesday, February 27th. ValuEngine lowered W. R. Berkley from a “buy” rating to a “hold” rating in a research note on Thursday, April 4th. Royal Bank of Canada boosted their price objective on W. R. Berkley to $60.00 and gave the stock a “sector perform” rating in a research note on Wednesday, April 24th. They noted that the move was a valuation call. Finally, Boenning Scattergood reiterated a “hold” rating on shares of W. R. Berkley in a research note on Wednesday, April 24th. Four investment analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $54.38.

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W. R. Berkley Company 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.

Further Reading: Beige Book

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

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