Great West Life Assurance Co. Can boosted its stake in W.R. Berkley Corporation (NYSE:WRB) by 0.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 172,859 shares of the insurance provider’s stock after buying an additional 1,295 shares during the period. Great West Life Assurance Co. Can owned 0.14% of W.R. Berkley Corporation worth $11,942,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in WRB. NEXT Financial Group Inc increased its stake in shares of W.R. Berkley Corporation by 243.9% in the second quarter. NEXT Financial Group Inc now owns 1,809 shares of the insurance provider’s stock valued at $125,000 after buying an additional 1,283 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt increased its stake in shares of W.R. Berkley Corporation by 46.8% in the first quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,881 shares of the insurance provider’s stock valued at $133,000 after buying an additional 600 shares during the last quarter. IFP Advisors Inc increased its stake in shares of W.R. Berkley Corporation by 218.0% in the first quarter. IFP Advisors Inc now owns 2,064 shares of the insurance provider’s stock valued at $146,000 after buying an additional 1,415 shares during the last quarter. Mn Services Vermogensbeheer B.V. increased its stake in shares of 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 during the last quarter. Finally, Daiwa Securities Group Inc. increased its stake in shares of W.R. Berkley Corporation by 17.4% in the first quarter. Daiwa Securities Group Inc. now owns 2,700 shares of the insurance provider’s stock valued at $191,000 after buying an additional 400 shares during the last quarter. 72.00% of the stock is owned by institutional investors and hedge funds.

W.R. Berkley Corporation (NYSE:WRB) opened at 67.11 on Wednesday. The stock’s 50 day moving average is $69.38 and its 200-day moving average is $69.10. 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.

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

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Several analysts have issued reports on the stock. Morgan Stanley reissued an “equal weight” rating and issued a $70.00 price objective (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 objective on shares of W.R. Berkley Corporation and gave the stock a “hold” rating in a research note on Thursday, July 6th. BidaskClub downgraded shares of W.R. Berkley Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. Zacks Investment Research downgraded shares of W.R. Berkley Corporation from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. Finally, Boenning Scattergood reaffirmed a “hold” rating on shares of W.R. Berkley Corporation in a research report on Wednesday, July 26th. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the company. The company currently 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.

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

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