W. R. Berkley Co. (NYSE:WRB) Holdings Reduced by Butensky & Cohen Financial Security Inc.

Butensky & Cohen Financial Security Inc. decreased its stake in shares of W. R. Berkley Co. (NYSE:WRB) by 1.3% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 85,233 shares of the insurance provider’s stock after selling 1,116 shares during the quarter. W. R. Berkley comprises 1.9% of Butensky & Cohen Financial Security Inc.’s holdings, making the stock its 4th largest position. Butensky & Cohen Financial Security Inc.’s holdings in W. R. Berkley were worth $6,065,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in WRB. JPMorgan Chase & Co. lifted its position in W. R. Berkley by 55.1% during the third quarter. JPMorgan Chase & Co. now owns 7,366,424 shares of the insurance provider’s stock worth $417,897,000 after buying an additional 2,616,227 shares in the last quarter. Brighton Jones LLC lifted its position in W. R. Berkley by 75.6% during the fourth quarter. Brighton Jones LLC now owns 50,503 shares of the insurance provider’s stock worth $2,955,000 after buying an additional 21,737 shares in the last quarter. DAVENPORT & Co LLC lifted its position in W. R. Berkley by 41.0% during the fourth quarter. DAVENPORT & Co LLC now owns 17,611 shares of the insurance provider’s stock worth $1,031,000 after buying an additional 5,124 shares in the last quarter. Spire Wealth Management lifted its position in W. R. Berkley by 1,095.9% during the fourth quarter. Spire Wealth Management now owns 4,915 shares of the insurance provider’s stock worth $288,000 after buying an additional 4,504 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. lifted its position in W. R. Berkley by 33.1% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 27,289 shares of the insurance provider’s stock worth $1,609,000 after buying an additional 6,786 shares in the last quarter. Hedge funds and other institutional investors own 68.82% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on WRB. Jefferies Financial Group lifted their target price on W. R. Berkley from $57.00 to $66.00 and gave the company a “hold” rating in a research report on Friday, April 11th. UBS Group lifted their target price on W. R. Berkley from $73.00 to $78.00 and gave the company a “buy” rating in a research report on Monday, April 28th. Truist Financial lifted their target price on W. R. Berkley from $68.00 to $80.00 and gave the company a “buy” rating in a research report on Thursday, April 3rd. Keefe, Bruyette & Woods lifted their target price on W. R. Berkley from $65.00 to $75.00 and gave the company a “market perform” rating in a research report on Monday, May 19th. Finally, Morgan Stanley lifted their target price on W. R. Berkley from $63.00 to $75.00 and gave the company an “equal weight” rating in a research report on Monday, May 19th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $70.64.

W. R. Berkley Trading Up 0.5%

Shares of NYSE WRB opened at $74.23 on Friday. W. R. Berkley Co. has a twelve month low of $51.17 and a twelve month high of $76.38. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 0.34. The stock has a fifty day simple moving average of $71.08 and a 200-day simple moving average of $64.64. The stock has a market capitalization of $28.16 billion, a PE ratio of 17.01, a PEG ratio of 1.56 and a beta of 0.44.

W. R. Berkley (NYSE:WRB) last issued its quarterly earnings data on Monday, April 21st. The insurance provider reported $1.01 earnings per share for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.07). W. R. Berkley had a net margin of 12.88% and a return on equity of 20.83%. The firm had revenue of $3.01 billion during the quarter, compared to analyst estimates of $3.01 billion. On average, equities analysts forecast that W. R. Berkley Co. will post 4.33 earnings per share for the current year.

About W. R. Berkley

W. R. Berkley Corporation, an insurance holding company, operates as a commercial lines writers worldwide. It operates in two segments, Insurance and Reinsurance & Monoline Excess. The Insurance segment underwrites commercial insurance business, including excess and surplus lines, admitted lines, and specialty personal lines.