WR Berkley Corp (NYSE:WRB) Shares Sold by Texas Permanent School Fund

February 13th, 20188:14 am @

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Texas Permanent School Fund cut its position in shares of W. R. Berkley Corp (NYSE:WRB) by 7.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities Exchange Commission. The institutional investor owned 65,040 shares of the insurance provider’s stock after selling 4,905 shares during the quarter. Texas Permanent School Fund owned 0.05% of W. R. Berkley worth $4,660,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Franklin Resources Inc. lifted its stake in W. R. Berkley by 1.0% during the second quarter. Franklin Resources Inc. now owns 30,431 shares of the insurance provider’s stock worth $2,105,000 after purchasing an additional 294 shares during the period. Thrivent Financial For Lutherans lifted its stake in W. R. Berkley by 8.2% during the second quarter. Thrivent Financial For Lutherans now owns 20,183 shares of the insurance provider’s stock worth $1,396,000 after purchasing an additional 1,538 shares during the period. D.A. Davidson CO. lifted its stake in W. R. Berkley by 1.2% during the second quarter. D.A. Davidson CO. now owns 5,836 shares of the insurance provider’s stock worth $403,000 after purchasing an additional 67 shares during the period. Vanguard Group Inc. lifted its stake in W. R. Berkley by 2.1% during the second quarter. Vanguard Group Inc. now owns 8,908,862 shares of the insurance provider’s stock worth $616,226,000 after purchasing an additional 184,805 shares during the period. Finally, California Public Employees Retirement System lifted its stake in W. R. Berkley by 1.6% during the second quarter. California Public Employees Retirement System now owns 279,521 shares of the insurance provider’s stock worth $19,334,000 after purchasing an additional 4,300 shares during the period. 70.81% of the stock is currently owned by institutional investors and hedge funds.

W. R. Berkley Corp (NYSE WRB) opened at $68.02 on Tuesday. W. R. Berkley Corp has a one year low of $62.00 and a one year high of $74.43. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.45. The stock has a market cap of $8,280.00, a P/E ratio of 15.93, a PEG ratio of 2.10 and a beta of 0.84.

WRB has been the subject of a number of analyst reports. Keefe, Bruyette Woods restated a “hold” rating and set a $69.00 price target on shares of W. R. Berkley in a research note on Friday, November 17th. Deutsche Bank raised their price target on shares of W. R. Berkley from $65.00 to $66.00 and gave the stock a “hold” rating in a research note on Wednesday, October 25th. Zacks Investment Research upgraded shares of W. R. Berkley from a “sell” rating to a “hold” rating in a research note on Monday, November 20th. Bank of America raised their price target on shares of W. R. Berkley from $73.00 to $74.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 25th. Finally, Boenning Scattergood restated a “hold” rating on shares of W. R. Berkley in a research note on Wednesday, October 25th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $70.38.

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W. R. Berkley 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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