Andra AP fonden boosted its stake in W.R. Berkley Corporation (NYSE:WRB) by 7.6% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 163,600 shares of the insurance provider’s stock after buying an additional 11,600 shares during the period. Andra AP fonden owned approximately 0.13% of W.R. Berkley Corporation worth $11,316,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Liberty Mutual Group Asset Management Inc. boosted its position in W.R. Berkley Corporation by 4.9% in the first quarter. Liberty Mutual Group Asset Management Inc. now owns 43,401 shares of the insurance provider’s stock valued at $3,066,000 after buying an additional 2,008 shares in the last quarter. World Asset Management Inc boosted its position in W.R. Berkley Corporation by 1.0% in the first quarter. World Asset Management Inc now owns 6,650 shares of the insurance provider’s stock valued at $470,000 after buying an additional 63 shares in the last quarter. Mn Services Vermogensbeheer B.V. boosted its position in W.R. Berkley Corporation by 4.2% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 2,548 shares of the insurance provider’s stock valued at $168,000 after buying an additional 102 shares in the last quarter. Mason Street Advisors LLC boosted its position in W.R. Berkley Corporation by 1.1% in the first quarter. Mason Street Advisors LLC now owns 45,810 shares of the insurance provider’s stock valued at $3,236,000 after buying an additional 493 shares in the last quarter. Finally, American International Group Inc. boosted its position in W.R. Berkley Corporation by 3.3% in the first quarter. American International Group Inc. now owns 201,552 shares of the insurance provider’s stock valued at $14,236,000 after buying an additional 6,481 shares in the last quarter. 70.94% of the stock is owned by hedge funds and other institutional investors.

W.R. Berkley Corporation (NYSE WRB) opened at 67.49 on Friday. W.R. Berkley Corporation has a 12 month low of $55.55 and a 12 month high of $73.17. The firm’s 50-day moving average is $68.77 and its 200 day moving average is $69.14. The firm has a market capitalization of $8.18 billion, a price-to-earnings ratio of 14.33 and a beta of 0.87.

W.R. Berkley Corporation (NYSE:WRB) last announced its quarterly earnings results on Tuesday, July 25th. The insurance provider reported $0.65 earnings per share for the quarter, missing analysts’ consensus estimates of $0.75 by $0.10. The firm had revenue of $1.57 billion during the quarter, compared to analyst estimates of $1.61 billion. W.R. Berkley Corporation had a net margin of 7.86% and a return on equity of 7.58%. The business’s revenue was up .6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.82 earnings per share. Equities analysts predict that W.R. Berkley Corporation will post $2.93 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 4th. Investors of record on Wednesday, September 20th will be given a $0.14 dividend. The ex-dividend date is Tuesday, September 19th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.83%. W.R. Berkley Corporation’s dividend payout ratio is 11.84%.

W.R. Berkley Corporation announced that its Board of Directors has authorized a share repurchase plan on Tuesday, August 8th that permits the company to repurchase 10,000,000 outstanding shares. This repurchase authorization permits the insurance provider to purchase shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board of directors believes its stock is undervalued.

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WRB has been the subject of several analyst reports. BidaskClub raised shares of W.R. Berkley Corporation from a “hold” rating to a “buy” rating in a report on Tuesday, June 20th. Zacks Investment Research cut shares of W.R. Berkley Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, June 28th. Keefe, Bruyette & Woods reissued a “hold” rating and set a $67.00 price target on shares of W.R. Berkley Corporation in a report on Wednesday, May 17th. Boenning Scattergood restated a “hold” rating on shares of W.R. Berkley Corporation in a research report on Wednesday, July 26th. Finally, Morgan Stanley restated an “equal weight” rating and set a $70.00 target price (up from $68.00) on shares of W.R. Berkley Corporation in a research report on Friday, July 7th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company’s stock. W.R. Berkley Corporation 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.

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

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