Teachers Advisors LLC boosted its position in W.R. Berkley Corporation (NYSE:WRB) by 0.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 290,738 shares of the insurance provider’s stock after buying an additional 1,041 shares during the period. Teachers Advisors LLC owned 0.24% of W.R. Berkley Corporation worth $20,535,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the company. Bank of New York Mellon Corp raised its stake in shares of W.R. Berkley Corporation by 23.0% in the first quarter. Bank of New York Mellon Corp now owns 1,538,368 shares of the insurance provider’s stock worth $108,656,000 after buying an additional 288,083 shares during the period. JPMorgan Chase & Co. raised its stake in shares of W.R. Berkley Corporation by 11.0% in the first quarter. JPMorgan Chase & Co. now owns 1,852,049 shares of the insurance provider’s stock worth $130,810,000 after buying an additional 183,218 shares during the period. ProShare Advisors LLC raised its stake in shares of W.R. Berkley Corporation by 593.3% in the first quarter. ProShare Advisors LLC now owns 156,450 shares of the insurance provider’s stock worth $11,050,000 after buying an additional 133,885 shares during the period. 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 period. Finally, 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 period. Hedge funds and other institutional investors own 72.00% of the company’s stock.

W.R. Berkley Corporation (NYSE WRB) traded down 1.51% during midday trading on Tuesday, reaching $67.11. 946,485 shares of the company traded hands. W.R. Berkley Corporation has a 12 month low of $55.55 and a 12 month high of $73.17. The stock has a market capitalization of $8.14 billion, a price-to-earnings ratio of 14.25 and a beta of 0.87. The firm has a 50 day moving average of $69.38 and a 200-day moving average of $69.10.

W.R. Berkley Corporation (NYSE:WRB) last issued its quarterly earnings results on Tuesday, July 25th. The insurance provider reported $0.65 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.75 by $0.10. W.R. Berkley Corporation had a net margin of 7.86% and a return on equity of 7.67%. The business had revenue of $1.57 billion during the quarter, compared to analyst estimates of $1.61 billion. During the same period last year, the firm posted $0.82 earnings per share. W.R. Berkley Corporation’s quarterly revenue was up .6% compared to the same quarter last year. Analysts forecast that W.R. Berkley Corporation will post $2.94 EPS for the current fiscal year.

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WRB has been the topic of a number of analyst reports. Morgan Stanley restated an “equal weight” rating and set a $70.00 target price (up previously from $68.00) on shares of W.R. Berkley Corporation in a research report on Friday, July 7th. BidaskClub raised shares of W.R. Berkley Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, June 20th. Zacks Investment Research raised shares of W.R. Berkley Corporation from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 30th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $67.00 price target on shares of W.R. Berkley Corporation in a research note on Wednesday, May 17th. Finally, Boenning Scattergood reaffirmed a “hold” rating on shares of W.R. Berkley Corporation in a research note on Wednesday, July 26th. Three analysts have rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average 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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