UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $144 Million Holdings in W.R. Berkley Corporation $WRB

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC decreased its position in W.R. Berkley Corporation (NYSE:WRB) by 6.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,041,622 shares of the insurance provider’s stock after selling 133,870 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in W.R. Berkley were worth $143,996,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of WRB. Entrust Financial LLC acquired a new stake in W.R. Berkley during the 4th quarter worth about $25,000. Hazlett Burt & Watson Inc. lifted its stake in shares of W.R. Berkley by 140.0% in the 4th quarter. Hazlett Burt & Watson Inc. now owns 360 shares of the insurance provider’s stock valued at $26,000 after purchasing an additional 210 shares during the period. Allied Private Wealth LLC bought a new stake in shares of W.R. Berkley during the 2nd quarter valued at about $29,000. DV Equities LLC bought a new stake in shares of W.R. Berkley during the 4th quarter valued at about $29,000. Finally, Triumph Capital Management acquired a new stake in W.R. Berkley during the third quarter worth approximately $35,000. Institutional investors own 68.82% of the company’s stock.

W.R. Berkley Stock Up 0.1%

Shares of NYSE:WRB opened at $67.64 on Wednesday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.37 and a current ratio of 0.37. W.R. Berkley Corporation has a 52-week low of $62.87 and a 52-week high of $78.96. The business’s 50 day simple moving average is $71.19 and its two-hundred day simple moving average is $68.82. The firm has a market cap of $25.11 billion, a P/E ratio of 13.89, a PEG ratio of 1.68 and a beta of 0.29.

W.R. Berkley (NYSE:WRB) last released its quarterly earnings data on Monday, July 20th. The insurance provider reported $1.27 EPS for the quarter, beating the consensus estimate of $1.08 by $0.19. W.R. Berkley had a return on equity of 19.44% and a net margin of 12.94%.The firm had revenue of $3.72 billion during the quarter, compared to the consensus estimate of $3.28 billion. During the same quarter in the previous year, the company posted $1.05 earnings per share. The company’s quarterly revenue was up 2.4% on a year-over-year basis. As a group, research analysts forecast that W.R. Berkley Corporation will post 4.87 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. Bank of America reissued an “underperform” rating and issued a $68.00 price target (down from $74.00) on shares of W.R. Berkley in a research note on Thursday, July 16th. Weiss Ratings reiterated a “buy (b-)” rating on shares of W.R. Berkley in a research note on Monday, August 17th. Oppenheimer set a $70.00 target price on shares of W.R. Berkley in a research report on Tuesday, July 21st. Barclays reissued an “underweight” rating and set a $62.00 target price (down from $64.00) on shares of W.R. Berkley in a research note on Friday, June 12th. Finally, Evercore restated an “underperform” rating and issued a $68.00 price target on shares of W.R. Berkley in a report on Friday, July 10th. Three research analysts have rated the stock with a Buy rating, nine have given a Hold rating and six have assigned a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Reduce” and a consensus price target of $70.94.

W.R. Berkley Profile

W. R. Berkley Corporation (NYSE: WRB) is a publicly traded insurance holding company that underwrites and sells commercial property and casualty insurance, specialty insurance products, and reinsurance. Headquartered in Greenwich, Connecticut, the company operates a portfolio of underwriting businesses that focus on niche and specialty commercial risks, offering coverage tailored to industries such as transportation, construction, professional services and other commercial lines.

The company’s product mix includes primary and excess casualty, property, professional liability, environmental and other specialty lines, together with treaty and facultative reinsurance solutions.