America First Investment Advisors LLC Cuts Stock Position in W. R. Berkley Corp (NYSE:WRB)

America First Investment Advisors LLC trimmed its position in shares of W. R. Berkley Corp (NYSE:WRB) by 1.1% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 265,104 shares of the insurance provider’s stock after selling 2,837 shares during the quarter. W. R. Berkley makes up approximately 5.8% of America First Investment Advisors LLC’s holdings, making the stock its 2nd largest position. America First Investment Advisors LLC owned 0.14% of W. R. Berkley worth $19,148,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. First Trust Advisors LP lifted its holdings in shares of W. R. Berkley by 1.6% during the third quarter. First Trust Advisors LP now owns 240,483 shares of the insurance provider’s stock valued at $17,370,000 after purchasing an additional 3,857 shares during the last quarter. First Mercantile Trust Co. purchased a new position in shares of W. R. Berkley during the third quarter valued at approximately $407,000. IFM Investors Pty Ltd lifted its holdings in shares of W. R. Berkley by 38.4% during the third quarter. IFM Investors Pty Ltd now owns 15,015 shares of the insurance provider’s stock valued at $1,085,000 after purchasing an additional 4,165 shares during the last quarter. Dorsey Wright & Associates lifted its holdings in shares of W. R. Berkley by 6.4% during the third quarter. Dorsey Wright & Associates now owns 27,772 shares of the insurance provider’s stock valued at $2,006,000 after purchasing an additional 1,676 shares during the last quarter. Finally, Sciencast Management LP purchased a new position in shares of W. R. Berkley during the third quarter valued at approximately $989,000. 70.58% of the stock is currently owned by institutional investors and hedge funds.

WRB has been the subject of several recent research reports. Zacks Investment Research upgraded shares of W. R. Berkley from a “hold” rating to a “buy” rating and set a $74.00 target price for the company in a report on Saturday, October 19th. ValuEngine lowered shares of W. R. Berkley from a “sell” rating to a “strong sell” rating in a report on Tuesday, October 22nd. Morgan Stanley lifted their target price on shares of W. R. Berkley from $63.00 to $73.00 and gave the company an “equal weight” rating in a report on Wednesday, August 14th. Royal Bank of Canada lifted their target price on shares of W. R. Berkley to $68.00 and gave the company a “sector perform” rating in a report on Wednesday, July 24th. They noted that the move was a valuation call. Finally, Buckingham Research boosted their price objective on shares of W. R. Berkley from $63.00 to $64.00 and gave the stock a “neutral” rating in a report on Thursday, September 12th. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company’s stock. W. R. Berkley currently has a consensus rating of “Hold” and a consensus target price of $65.63.

Shares of NYSE WRB opened at $67.89 on Friday. W. R. Berkley Corp has a twelve month low of $45.91 and a twelve month high of $77.54. The firm has a market cap of $12.38 billion, a P/E ratio of 25.43, a PEG ratio of 2.47 and a beta of 0.66. The company has a 50 day moving average of $70.72 and a 200 day moving average of $67.69. The company has a quick ratio of 0.48, a current ratio of 0.48 and a debt-to-equity ratio of 0.46.

W. R. Berkley (NYSE:WRB) last announced its quarterly earnings data on Tuesday, October 22nd. The insurance provider reported $0.85 earnings per share for the quarter, topping analysts’ consensus estimates of $0.67 by $0.18. W. R. Berkley had a net margin of 8.82% and a return on equity of 10.75%. The company had revenue of $1.68 billion during the quarter, compared to analyst estimates of $1.67 billion. During the same period in the previous year, the business earned $0.84 EPS. The firm’s revenue for the quarter was up 4.6% on a year-over-year basis. As a group, equities analysts expect that W. R. Berkley Corp will post 3.05 earnings per share for the current fiscal year.

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.

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

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