Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its stake in shares of W.R. Berkley Corporation (NYSE:WRB) by 37.5% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 41,190 shares of the insurance provider’s stock after purchasing an additional 11,240 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in W.R. Berkley Corporation were worth $2,749,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in WRB. Renaissance Technologies LLC acquired a new stake in shares of W.R. Berkley Corporation during the 1st quarter worth $2,981,000. Capstone Asset Management Co. grew its holdings in shares of W.R. Berkley Corporation by 2.6% during the 2nd quarter. Capstone Asset Management Co. now owns 12,848 shares of the insurance provider’s stock worth $889,000 after purchasing an additional 320 shares in the last quarter. Creative Planning grew its holdings in shares of W.R. Berkley Corporation by 2.3% during the 2nd quarter. Creative Planning now owns 7,551 shares of the insurance provider’s stock worth $522,000 after purchasing an additional 170 shares in the last quarter. Mn Services Vermogensbeheer B.V. grew its holdings in shares of W.R. Berkley Corporation by 516.4% during the 2nd quarter. Mn Services Vermogensbeheer B.V. now owns 15,705 shares of the insurance provider’s stock worth $1,086,000 after purchasing an additional 13,157 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund grew its holdings in shares of W.R. Berkley Corporation by 49.6% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 51,635 shares of the insurance provider’s stock worth $3,572,000 after purchasing an additional 17,123 shares in the last quarter. 69.80% of the stock is currently owned by institutional investors.

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Several research firms recently weighed in on WRB. Zacks Investment Research raised W.R. Berkley Corporation from a “sell” rating to a “hold” rating in a research note on Monday. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $69.00 price objective on shares of W.R. Berkley Corporation in a research note on Friday. Deutsche Bank AG raised their price objective on W.R. Berkley Corporation from $65.00 to $66.00 and gave the company a “hold” rating in a research note on Wednesday, October 25th. Bank of America Corporation raised their price objective on W.R. Berkley Corporation from $73.00 to $74.00 and gave the company a “neutral” rating in a research note on Wednesday, October 25th. Finally, Boenning Scattergood reaffirmed a “hold” rating on shares of W.R. Berkley Corporation in a research note on Wednesday, October 25th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and one has assigned a buy rating to the stock. W.R. Berkley Corporation has a consensus rating of “Hold” and an average target price of $69.14.

W.R. Berkley Corporation (WRB) opened at $66.94 on Tuesday. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.34 and a quick ratio of 0.34. The company has a market capitalization of $8,170.00, a PE ratio of 26.50, a price-to-earnings-growth ratio of 3.06 and a beta of 0.92. W.R. Berkley Corporation has a 1 year low of $60.17 and a 1 year high of $73.17.

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 14th. Shareholders of record on Thursday, November 30th will be given a $0.14 dividend. The ex-dividend date is Wednesday, November 29th. This represents a $0.56 annualized dividend and a yield of 0.84%. W.R. Berkley Corporation’s dividend payout ratio is presently 13.18%.

W.R. Berkley Corporation declared that its board has approved a stock repurchase plan on Tuesday, August 8th that permits the company to repurchase 10,000,000 shares. This repurchase authorization permits the insurance provider to repurchase shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s management believes its shares are undervalued.

W.R. Berkley Corporation Profile

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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