Victory Capital Management Inc. increased its holdings in shares of W. R. Berkley Corp (NYSE:WRB) by 0.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,444,334 shares of the insurance provider’s stock after purchasing an additional 23,313 shares during the period. W. R. Berkley makes up about 0.6% of Victory Capital Management Inc.’s holdings, making the stock its 11th biggest position. Victory Capital Management Inc. owned 2.82% of W. R. Berkley worth $254,570,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. We Are One Seven LLC bought a new position in W. R. Berkley in the fourth quarter worth approximately $52,000. Quantamental Technologies LLC bought a new stake in W. R. Berkley during the fourth quarter worth $83,000. Truvestments Capital LLC bought a new stake in W. R. Berkley during the third quarter worth $103,000. Evercore Wealth Management LLC bought a new stake in W. R. Berkley during the third quarter worth $209,000. Finally, CI Global Investments Inc. lifted its holdings in W. R. Berkley by 1,058.6% during the third quarter. CI Global Investments Inc. now owns 2,908 shares of the insurance provider’s stock worth $232,000 after acquiring an additional 2,657 shares during the period. 73.32% of the stock is owned by institutional investors and hedge funds.
A number of analysts have issued reports on WRB shares. Zacks Investment Research downgraded W. R. Berkley from a “hold” rating to a “sell” rating in a research report on Monday, January 21st. Morgan Stanley decreased their target price on W. R. Berkley from $74.00 to $73.00 and set an “equal weight” rating for the company in a research report on Thursday, January 3rd. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the stock. W. R. Berkley presently has a consensus rating of “Hold” and an average price target of $77.40.
Shares of NYSE WRB traded up $0.21 during mid-day trading on Tuesday, hitting $80.44. The company had a trading volume of 890 shares, compared to its average volume of 358,614. The stock has a market cap of $9.80 billion, a PE ratio of 20.07, a price-to-earnings-growth ratio of 2.34 and a beta of 0.75. W. R. Berkley Corp has a 1 year low of $67.17 and a 1 year high of $81.00. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.36 and a current ratio of 0.36.
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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