Victory Capital Management Inc. Sells 325,960 Shares of W.R. Berkley Corporation $WRB

Victory Capital Management Inc. lessened its holdings in shares of W.R. Berkley Corporation (NYSE:WRB) by 33.0% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 660,696 shares of the insurance provider’s stock after selling 325,960 shares during the period. Victory Capital Management Inc. owned 0.17% of W.R. Berkley worth $50,623,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of WRB. CI Investments Inc. raised its position in W.R. Berkley by 3.3% during the 3rd quarter. CI Investments Inc. now owns 5,032 shares of the insurance provider’s stock worth $386,000 after purchasing an additional 163 shares during the last quarter. Kingsview Wealth Management LLC bought a new stake in shares of W.R. Berkley in the 3rd quarter valued at about $235,000. Elo Mutual Pension Insurance Co increased its stake in shares of W.R. Berkley by 61.9% in the third quarter. Elo Mutual Pension Insurance Co now owns 40,791 shares of the insurance provider’s stock valued at $3,125,000 after buying an additional 15,595 shares during the period. Fisher Asset Management LLC increased its stake in shares of W.R. Berkley by 36.9% in the third quarter. Fisher Asset Management LLC now owns 5,021 shares of the insurance provider’s stock valued at $385,000 after buying an additional 1,353 shares during the period. Finally, Journey Strategic Wealth LLC bought a new position in shares of W.R. Berkley during the third quarter worth about $220,000. Institutional investors own 68.82% of the company’s stock.

W.R. Berkley Trading Up 0.5%

Shares of WRB stock opened at $69.93 on Friday. W.R. Berkley Corporation has a fifty-two week low of $60.68 and a fifty-two week high of $78.96. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.37 and a current ratio of 0.37. The stock has a 50 day simple moving average of $69.70 and a two-hundred day simple moving average of $72.21. The company has a market cap of $26.19 billion, a P/E ratio of 15.71, a PEG ratio of 2.92 and a beta of 0.35.

W.R. Berkley (NYSE:WRB) last posted its quarterly earnings results on Monday, January 26th. The insurance provider reported $1.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.14 by ($0.01). The business had revenue of $3.18 billion for the quarter, compared to the consensus estimate of $3.18 billion. W.R. Berkley had a return on equity of 18.17% and a net margin of 12.10%.W.R. Berkley’s quarterly revenue was up 2.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.13 earnings per share. Research analysts forecast that W.R. Berkley Corporation will post 4.33 earnings per share for the current year.

W.R. Berkley Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 4th. Investors of record on Monday, February 23rd were paid a dividend of $0.09 per share. The ex-dividend date of this dividend was Monday, February 23rd. This represents a $0.36 annualized dividend and a yield of 0.5%. W.R. Berkley’s dividend payout ratio is currently 8.09%.

Key Headlines Impacting W.R. Berkley

Here are the key news stories impacting W.R. Berkley this week:

• Positive Sentiment: Major insider purchases — Two filings show a significant shareholder bought roughly $8.10M and another $10.65M of WRB stock, signalling strong insider confidence and providing a bullish catalyst for the shares. Article Title Article Title
• Positive Sentiment: Zacks bumped long-term (FY2028) outlook slightly — Zacks raised its FY2028 EPS estimate to $4.90 from $4.85, a modest positive for multi-year growth expectations (though well beyond current-year consensus of $4.33).
• Negative Sentiment: Near-term estimate trims from Zacks — On March 6 Zacks trimmed several short-term forecasts by only a few cents: Q1 2026 to $1.14 (from $1.15), Q1 2027 to $1.15 (from $1.16), Q2 2027 to $1.21 (from $1.22), Q3 2027 to $1.08 (from $1.09), FY2026 to $4.55 (from $4.56) and FY2027 to $4.75 (from $4.78). These are small downward adjustments that modestly lower near-term expectations but leave full-year figures largely intact.

Analysts Set New Price Targets

A number of equities analysts recently commented on WRB shares. Truist Financial set a $80.00 price objective on W.R. Berkley and gave the stock a “buy” rating in a research note on Tuesday, January 27th. Evercore set a $69.00 price target on shares of W.R. Berkley and gave the stock an “underperform” rating in a report on Wednesday, January 7th. Wells Fargo & Company dropped their price target on shares of W.R. Berkley from $68.00 to $66.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 27th. Weiss Ratings reiterated a “buy (b)” rating on shares of W.R. Berkley in a research report on Wednesday, January 21st. Finally, TD Cowen downgraded shares of W.R. Berkley from a “buy” rating to a “sell” rating and lowered their target price for the stock from $77.00 to $55.00 in a research note on Tuesday, January 20th. Four equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and four have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $69.67.

Insider Buying and Selling

In related news, major shareholder Sumitomo Insurance Co L. Mitsui purchased 112,176 shares of the firm’s stock in a transaction on Tuesday, March 3rd. The stock was purchased at an average cost of $72.20 per share, with a total value of $8,099,107.20. Following the completion of the purchase, the insider owned 58,780,450 shares in the company, valued at approximately $4,243,948,490. This trade represents a 0.19% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders have acquired 9,933,862 shares of company stock valued at $688,134,108 in the last ninety days. Company insiders own 23.30% of the company’s stock.

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.