W. R. Berkley Corp (NYSE:WRB)’s share price reached a new 52-week high during trading on Friday . The company traded as high as $79.44 and last traded at $79.36, with a volume of 4720 shares traded. The stock had previously closed at $79.32.

Several equities analysts recently commented on the stock. ValuEngine raised shares of W. R. Berkley from a “strong sell” rating to a “sell” rating in a research note on Thursday, February 6th. Credit Suisse Group increased their price target on shares of W. R. Berkley from $68.26 to $70.00 and gave the company an “outperform” rating in a research report on Wednesday, December 11th. Royal Bank of Canada increased their target price on shares of W. R. Berkley from $80.00 to $82.00 and gave the company an “outperform” rating in a report on Wednesday, January 29th. Buckingham Research raised shares of W. R. Berkley from a “neutral” rating to a “buy” rating in a research note on Wednesday, January 22nd. Finally, Deutsche Bank lifted their price objective on W. R. Berkley from $55.00 to $57.00 and gave the stock a “sell” rating in a report on Wednesday, January 29th. Three research analysts have rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $68.00.

The firm has a 50-day moving average of $71.65 and a 200-day moving average of $70.65. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.36 and a current ratio of 0.36. The firm has a market capitalization of $14.47 billion, a P/E ratio of 22.45, a PEG ratio of 2.92 and a beta of 0.61.

W. R. Berkley (NYSE:WRB) last announced its quarterly earnings results on Tuesday, January 28th. The insurance provider reported $0.71 EPS for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.01). W. R. Berkley had a return on equity of 10.73% and a net margin of 8.63%. The company had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.71 billion. During the same quarter in the prior year, the firm earned $1.03 earnings per share. The business’s revenue was up 6.0% compared to the same quarter last year. On average, research analysts forecast that W. R. Berkley Corp will post 3 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently modified their holdings of WRB. Stifel Financial Corp lifted its holdings in shares of W. R. Berkley by 2.7% in the third quarter. Stifel Financial Corp now owns 190,715 shares of the insurance provider’s stock worth $13,785,000 after buying an additional 4,932 shares in the last quarter. Voya Investment Management LLC lifted its holdings in shares of W. R. Berkley by 3.8% in the 3rd quarter. Voya Investment Management LLC now owns 39,056 shares of the insurance provider’s stock valued at $2,821,000 after acquiring an additional 1,421 shares during the last quarter. Squarepoint Ops LLC raised its position in W. R. Berkley by 1,083.5% during the third quarter. Squarepoint Ops LLC now owns 91,425 shares of the insurance provider’s stock valued at $6,604,000 after purchasing an additional 83,700 shares during the period. Millennium Management LLC boosted its holdings in shares of W. R. Berkley by 10.6% in the 3rd quarter. Millennium Management LLC now owns 799,888 shares of the insurance provider’s stock worth $57,775,000 after purchasing an additional 76,573 shares during the period. Finally, BlackRock Inc. boosted its holdings in shares of W. R. Berkley by 61.0% in the 2nd quarter. BlackRock Inc. now owns 19,067,342 shares of the insurance provider’s stock worth $1,257,109,000 after purchasing an additional 7,221,477 shares during the period. Institutional investors and hedge funds own 69.30% of the company’s stock.

About W. R. Berkley (NYSE:WRB)

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.

Recommended Story: Is it Safe to Invest in Commodities?

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.