PGGM Investments cut its stake in shares of W.R. Berkley Corporation (NYSE:WRB) by 12.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 491,483 shares of the insurance provider’s stock after selling 67,795 shares during the period. PGGM Investments owned about 0.41% of W.R. Berkley Corporation worth $33,996,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of WRB. BlackRock Inc. raised its stake in shares of W.R. Berkley Corporation by 5,233.5% in the first quarter. BlackRock Inc. now owns 10,534,349 shares of the insurance provider’s stock worth $744,042,000 after buying an additional 10,336,836 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of W.R. Berkley Corporation by 5.9% in the first quarter. Vanguard Group Inc. now owns 8,724,057 shares of the insurance provider’s stock worth $616,181,000 after buying an additional 482,820 shares during the last quarter. First Eagle Investment Management LLC raised its stake in shares of W.R. Berkley Corporation by 1.7% in the first quarter. First Eagle Investment Management LLC now owns 6,718,476 shares of the insurance provider’s stock worth $474,526,000 after buying an additional 112,683 shares during the last quarter. Boston Partners raised its stake in shares of W.R. Berkley Corporation by 2.5% in the first quarter. Boston Partners now owns 5,126,211 shares of the insurance provider’s stock worth $362,064,000 after buying an additional 125,551 shares during the last quarter. Finally, State Street Corp raised its stake in shares of W.R. Berkley Corporation by 2.5% in the first quarter. State Street Corp now owns 3,898,743 shares of the insurance provider’s stock worth $275,369,000 after buying an additional 94,402 shares during the last quarter. Institutional investors own 72.00% of the company’s stock.

W.R. Berkley Corporation (NYSE WRB) traded down 0.71% during midday trading on Monday, hitting $68.14. The company had a trading volume of 374,590 shares. The firm has a 50-day moving average price of $69.40 and a 200-day moving average price of $69.10. W.R. Berkley Corporation has a 12 month low of $55.55 and a 12 month high of $73.17. The company has a market cap of $8.26 billion, a price-to-earnings ratio of 14.47 and a beta of 0.87.

W.R. Berkley Corporation (NYSE:WRB) last released its quarterly earnings results on Tuesday, July 25th. The insurance provider reported $0.65 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.75 by $0.10. The firm had revenue of $1.57 billion for the quarter, compared to analysts’ expectations of $1.61 billion. W.R. Berkley Corporation had a return on equity of 7.67% and a net margin of 7.86%. The company’s quarterly revenue was up .6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.82 EPS. Equities analysts anticipate that W.R. Berkley Corporation will post $2.94 EPS for the current year.

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A number of equities research analysts have recently weighed in on the company. BidaskClub upgraded W.R. Berkley Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, June 20th. Zacks Investment Research upgraded W.R. Berkley Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, July 18th. Morgan Stanley restated an “equal weight” rating and set a $70.00 price target (up previously from $68.00) on shares of W.R. Berkley Corporation in a research note on Friday, July 7th. Keefe, Bruyette & Woods set a $67.00 price target on W.R. Berkley Corporation and gave the stock a “hold” rating in a research note on Thursday, July 6th. Finally, Boenning Scattergood restated a “hold” rating on shares of W.R. Berkley Corporation in a research note on Wednesday, July 26th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the company. W.R. Berkley Corporation currently has a consensus rating of “Hold” and a consensus target price of $63.83.

About W.R. Berkley Corporation

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.

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

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