W.R. Berkley Corporation (WRB) Position Raised by BlackRock Inc.

BlackRock Inc. raised its position in shares of W.R. Berkley Corporation (NYSE:WRB) by 5,233.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 10,534,349 shares of the insurance provider’s stock after buying an additional 10,336,836 shares during the period. BlackRock Inc. owned 8.69% of W.R. Berkley Corporation worth $744,042,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of WRB. Livforsakringsbolaget Skandia Omsesidigt increased its stake in 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 worth $133,000 after buying an additional 600 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. increased its stake in W.R. Berkley Corporation by 7.3% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,002 shares of the insurance provider’s stock worth $128,000 after buying an additional 137 shares in the last quarter. IFP Advisors Inc increased its stake in 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 worth $146,000 after buying an additional 1,415 shares in the last quarter. Mn Services Vermogensbeheer B.V. increased its stake in 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 worth $168,000 after buying an additional 102 shares in the last quarter. Finally, Daiwa Securities Group Inc. increased its stake in 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 worth $191,000 after buying an additional 400 shares in the last quarter. 72.20% of the stock is owned by institutional investors.

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

W.R. Berkley Corporation (NYSE:WRB) traded down 0.76% on Tuesday, hitting $69.35. The stock had a trading volume of 361,476 shares. The company’s 50 day moving average price is $67.91 and its 200 day moving average price is $68.37. The firm has a market cap of $8.41 billion, a price-to-earnings ratio of 14.72 and a beta of 0.86. W.R. Berkley Corporation has a 52-week low of $54.70 and a 52-week high of $73.17.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 5th. Shareholders of record on Thursday, June 15th will be given a $0.14 dividend. The ex-dividend date of this dividend is Tuesday, June 13th. This is an increase from W.R. Berkley Corporation’s previous quarterly dividend of $0.13. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.81%. W.R. Berkley Corporation’s dividend payout ratio is currently 11.84%.

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A number of research firms have recently commented on WRB. BidaskClub raised W.R. Berkley Corporation from a “hold” rating to a “buy” rating in a report on Tuesday. Zacks Investment Research raised W.R. Berkley Corporation from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 30th. Keefe, Bruyette & Woods reissued a “hold” rating and set a $67.00 price objective on shares of W.R. Berkley Corporation in a research note on Wednesday, May 17th. Finally, Boenning Scattergood reissued a “neutral” rating on shares of W.R. Berkley Corporation in a research note on Thursday, March 2nd. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the company. W.R. Berkley Corporation currently has a consensus rating of “Hold” and a consensus target price of $62.00.

W.R. Berkley Corporation Company 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.

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