Nuance Investments LLC boosted its holdings in shares of W. R. Berkley Corp (NYSE:WRB) by 6.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 108,664 shares of the insurance provider’s stock after buying an additional 6,373 shares during the period. Nuance Investments LLC owned approximately 0.09% of W. R. Berkley worth $7,786,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors have also recently bought and sold shares of the company. IFG Advisory LLC purchased a new stake in shares of W. R. Berkley in the fourth quarter worth about $599,000. Massey Quick Simon & CO. LLC purchased a new position in W. R. Berkley during the third quarter worth approximately $175,000. ING Groep NV purchased a new position in W. R. Berkley during the fourth quarter worth approximately $202,000. Alps Advisors Inc. purchased a new position in W. R. Berkley during the fourth quarter worth approximately $207,000. Finally, Advisor Group Inc. boosted its position in W. R. Berkley by 50.7% during the second quarter. Advisor Group Inc. now owns 3,370 shares of the insurance provider’s stock worth $233,000 after purchasing an additional 1,134 shares in the last quarter. Institutional investors and hedge funds own 71.18% of the company’s stock.
A number of equities analysts have commented on the company. Keefe, Bruyette & Woods reissued a “hold” rating and set a $69.00 target price on shares of W. R. Berkley in a report on Friday, November 17th. Deutsche Bank increased their target price 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 increased their price target 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 reaffirmed 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 given a buy rating to the company’s stock. W. R. Berkley has a consensus rating of “Hold” and a consensus price target of $70.38.
W. R. Berkley Corp (NYSE WRB) traded down $1.51 on Tuesday, hitting $68.32. The stock had a trading volume of 56,987 shares, compared to its average volume of 419,573. W. R. Berkley Corp has a 1-year low of $62.00 and a 1-year high of $74.43. The stock has a market capitalization of $8,500.00, a price-to-earnings ratio of 16.99, a P/E/G ratio of 2.16 and a beta of 0.84. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.34 and a current ratio of 0.34.
W. R. Berkley Company 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.
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