W. R. Berkley Corp (NYSE:WRB) Holdings Raised by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio boosted its stake in W. R. Berkley Corp (NYSE:WRB) by 40.8% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 49,378 shares of the insurance provider’s stock after buying an additional 14,296 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in W. R. Berkley were worth $3,255,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in WRB. Steward Partners Investment Advisory LLC purchased a new stake in W. R. Berkley in the 2nd quarter worth approximately $27,000. Hanson McClain Inc. lifted its position in W. R. Berkley by 50.0% in the 2nd quarter. Hanson McClain Inc. now owns 525 shares of the insurance provider’s stock worth $35,000 after buying an additional 175 shares in the last quarter. Johnson Financial Group Inc. increased its stake in shares of W. R. Berkley by 49.9% during the 2nd quarter. Johnson Financial Group Inc. now owns 553 shares of the insurance provider’s stock worth $36,000 after purchasing an additional 184 shares during the last quarter. Asset Dedication LLC increased its stake in shares of W. R. Berkley by 49.9% during the 2nd quarter. Asset Dedication LLC now owns 571 shares of the insurance provider’s stock worth $38,000 after purchasing an additional 190 shares during the last quarter. Finally, Signaturefd LLC increased its stake in shares of W. R. Berkley by 92.3% during the 2nd quarter. Signaturefd LLC now owns 573 shares of the insurance provider’s stock worth $38,000 after purchasing an additional 275 shares during the last quarter. Institutional investors own 70.69% of the company’s stock.

In related news, Director Mark Ellwood Brockbank sold 77,000 shares of the firm’s stock in a transaction on Thursday, June 20th. The shares were sold at an average price of $66.61, for a total value of $5,128,970.00. Following the transaction, the director now directly owns 51,329 shares in the company, valued at approximately $3,419,024.69. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 21.70% of the company’s stock.



Shares of WRB traded down $0.27 during mid-day trading on Friday, hitting $70.99. 413,150 shares of the company’s stock were exchanged, compared to its average volume of 593,232. The firm has a fifty day moving average of $71.13 and a two-hundred day moving average of $68.94. W. R. Berkley Corp has a twelve month low of $45.91 and a twelve month high of $73.26. The stock has a market cap of $13.05 billion, a price-to-earnings ratio of 26.59, a P/E/G ratio of 2.77 and a beta of 0.69. 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 results on Tuesday, July 23rd. The insurance provider reported $0.82 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.64 by $0.18. W. R. Berkley had a net margin of 8.81% and a return on equity of 10.55%. The company had revenue of $1.65 billion for the quarter, compared to analyst estimates of $1.63 billion. During the same quarter in the prior year, the business posted $1.40 EPS. W. R. Berkley’s quarterly revenue was up 4.2% on a year-over-year basis. On average, equities analysts predict that W. R. Berkley Corp will post 2.86 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 3rd. Investors of record on Thursday, September 19th will be paid a $0.11 dividend. The ex-dividend date is Wednesday, September 18th. This represents a $0.44 dividend on an annualized basis and a yield of 0.62%. W. R. Berkley’s payout ratio is presently 16.48%.

Several brokerages have recently commented on WRB. Buckingham Research increased their price target on shares of W. R. Berkley from $63.00 to $64.00 and gave the stock a “neutral” rating in a research note on Thursday. Deutsche Bank lowered shares of W. R. Berkley from a “hold” rating to a “sell” rating and set a $65.71 price target on the stock. in a research note on Wednesday, June 26th. Royal Bank of Canada increased their price target on shares of W. R. Berkley to $68.00 and gave the stock a “sector perform” rating in a research note on Wednesday, July 24th. They noted that the move was a valuation call. Zacks Investment Research upgraded shares of W. R. Berkley from a “hold” rating to a “buy” rating and set a $71.00 price target on the stock in a research note on Saturday, July 27th. Finally, Morgan Stanley increased their price target on shares of W. R. Berkley from $63.00 to $73.00 and gave the stock an “equal weight” rating in a research note on Wednesday, August 14th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $65.20.

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.

Read More: How to trade the most active stocks

Want to see what other hedge funds are holding WRB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for W. R. Berkley Corp (NYSE:WRB).

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

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.