Banque Cantonale Vaudoise cut its stake in shares of W. R. Berkley Co. (NYSE:WRB) by 34.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,738 shares of the insurance provider’s stock after selling 906 shares during the period. Banque Cantonale Vaudoise’s holdings in W. R. Berkley were worth $131,000 as of its most recent SEC filing.
Other institutional investors also recently made changes to their positions in the company. Whittier Trust Co. grew its stake in shares of W. R. Berkley by 1,485.2% during the first quarter. Whittier Trust Co. now owns 428 shares of the insurance provider’s stock worth $32,000 after purchasing an additional 401 shares during the period. CWM LLC grew its stake in W. R. Berkley by 240.0% in the first quarter. CWM LLC now owns 612 shares of the insurance provider’s stock valued at $46,000 after acquiring an additional 432 shares during the period. Sullivan Bruyette Speros & Blaney LLC acquired a new position in W. R. Berkley in the first quarter valued at about $107,000. Guardian Wealth Advisors LLC acquired a new position in W. R. Berkley in the first quarter valued at about $107,000. Finally, Vantage Consulting Group Inc acquired a new position in W. R. Berkley in the fourth quarter valued at about $97,000. 69.37% of the stock is owned by institutional investors and hedge funds.
WRB opened at $75.35 on Friday. W. R. Berkley Co. has a 52-week low of $54.45 and a 52-week high of $82.43. The company has a market capitalization of $13.37 billion, a price-to-earnings ratio of 18.42, a PEG ratio of 2.18 and a beta of 0.83. The company has a quick ratio of 0.49, a current ratio of 0.49 and a debt-to-equity ratio of 0.51. The stock’s 50-day moving average is $78.82.
WRB has been the subject of a number of research analyst reports. Morgan Stanley boosted their target price on W. R. Berkley from $84.00 to $89.00 and gave the company an “equal weight” rating in a research note on Thursday, April 22nd. Wells Fargo & Company initiated coverage on W. R. Berkley in a research note on Wednesday, April 7th. They issued an “overweight” rating and a $92.00 target price for the company. UBS Group raised W. R. Berkley from a “neutral” rating to a “buy” rating and boosted their target price for the company from $73.00 to $80.00 in a research note on Wednesday, February 24th. Deutsche Bank Aktiengesellschaft boosted their price target on W. R. Berkley from $70.00 to $80.00 and gave the company a “hold” rating in a report on Wednesday, April 21st. Finally, Zacks Investment Research upgraded W. R. Berkley from a “hold” rating to a “buy” rating and set a $77.00 price target on the stock in a report on Tuesday, March 23rd. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $79.25.
W. R. Berkley Profile
W. R. Berkley Corporation, an insurance holding company, operates as a commercial lines writer in the United States and internationally. It operates in two segments, Insurance and Reinsurance & Monoline Excess. The Insurance segment underwrites commercial insurance business, including premises operations, commercial automobile, property, products liability, and general and professional liability lines.
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