Aperio Group LLC Purchases 2,005 Shares of W. R. Berkley Corp (WRB)

Aperio Group LLC raised its position in W. R. Berkley Corp (NYSE:WRB) by 2.7% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 75,176 shares of the insurance provider’s stock after acquiring an additional 2,005 shares during the quarter. Aperio Group LLC’s holdings in W. R. Berkley were worth $6,009,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the stock. American International Group Inc. lifted its position in shares of W. R. Berkley by 0.7% during the 2nd quarter. American International Group Inc. now owns 201,143 shares of the insurance provider’s stock worth $14,565,000 after buying an additional 1,361 shares during the last quarter. Carillon Tower Advisers Inc. lifted its position in shares of W. R. Berkley by 44.9% during the 2nd quarter. Carillon Tower Advisers Inc. now owns 209,325 shares of the insurance provider’s stock worth $15,157,000 after buying an additional 64,850 shares during the last quarter. California Public Employees Retirement System lifted its position in shares of W. R. Berkley by 26.0% during the 2nd quarter. California Public Employees Retirement System now owns 338,512 shares of the insurance provider’s stock worth $24,512,000 after buying an additional 69,949 shares during the last quarter. Mutual of America Capital Management LLC lifted its position in shares of W. R. Berkley by 4.4% during the 2nd quarter. Mutual of America Capital Management LLC now owns 82,329 shares of the insurance provider’s stock worth $5,961,000 after buying an additional 3,462 shares during the last quarter. Finally, Envestnet Asset Management Inc. lifted its position in shares of W. R. Berkley by 38.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 84,192 shares of the insurance provider’s stock worth $6,096,000 after buying an additional 23,403 shares during the last quarter. Institutional investors own 72.79% of the company’s stock.

Shares of WRB opened at $75.90 on Thursday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.37 and a current ratio of 0.37. The firm has a market capitalization of $9.01 billion, a price-to-earnings ratio of 30.85, a PEG ratio of 2.09 and a beta of 0.82. W. R. Berkley Corp has a 1 year low of $65.92 and a 1 year high of $80.68.

W. R. Berkley (NYSE:WRB) last announced its quarterly earnings data on Tuesday, October 23rd. The insurance provider reported $1.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.28. The company had revenue of $1.60 billion for the quarter, compared to analysts’ expectations of $1.60 billion. W. R. Berkley had a net margin of 8.64% and a return on equity of 9.04%. W. R. Berkley’s revenue was up 1.4% compared to the same quarter last year. During the same period in the previous year, the company posted $1.26 EPS. As a group, equities research analysts expect that W. R. Berkley Corp will post 3.96 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 3rd. Shareholders of record on Wednesday, September 19th were paid a $0.15 dividend. The ex-dividend date was Tuesday, September 18th. This represents a $0.60 annualized dividend and a yield of 0.79%. W. R. Berkley’s dividend payout ratio is currently 24.39%.

A number of equities analysts have recently commented on WRB shares. Zacks Investment Research raised shares of W. R. Berkley from a “hold” rating to a “buy” rating and set a $88.00 target price on the stock in a report on Thursday, September 27th. ValuEngine raised shares of W. R. Berkley from a “hold” rating to a “buy” rating in a report on Wednesday, July 11th. Boenning Scattergood reaffirmed a “hold” rating on shares of W. R. Berkley in a report on Wednesday, July 25th. Finally, Credit Suisse Group started coverage on shares of W. R. Berkley in a report on Tuesday, August 7th. They issued a “neutral” rating and a $78.00 target price on the stock. Three analysts have rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $76.60.

W. R. Berkley Company Profile

W. R. Berkley Corporation, an insurance holding company, operates as a commercial lines writer in the United States and internationally. It operates through two segments, Insurance and Reinsurance. The Insurance segment underwrites commercial insurance business, including premises operations, commercial automobile, property, products liability, and professional liability lines.

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

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