Liberty Mutual Group Asset Management Inc. trimmed its position in W. R. Berkley Corp (NYSE:WRB) by 4.1% in the fourth quarter, HoldingsChannel reports. The firm owned 24,322 shares of the insurance provider’s stock after selling 1,046 shares during the period. Liberty Mutual Group Asset Management Inc.’s holdings in W. R. Berkley were worth $1,743,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Berkley W R Corp acquired a new position in shares of W. R. Berkley in the third quarter valued at $5,454,000. Markel Corp raised its stake in shares of W. R. Berkley by 125.0% in the third quarter. Markel Corp now owns 18,000 shares of the insurance provider’s stock valued at $1,201,000 after purchasing an additional 10,000 shares in the last quarter. Belpointe Asset Management LLC acquired a new position in shares of W. R. Berkley in the third quarter valued at $1,223,000. Parametrica Management Ltd raised its stake in shares of W. R. Berkley by 80.6% in the third quarter. Parametrica Management Ltd now owns 5,303 shares of the insurance provider’s stock valued at $354,000 after purchasing an additional 2,367 shares in the last quarter. Finally, Crestline Management LP raised its stake in shares of W. R. Berkley by 28.3% in the third quarter. Crestline Management LP now owns 29,080 shares of the insurance provider’s stock valued at $1,941,000 after purchasing an additional 6,417 shares in the last quarter. Institutional investors and hedge funds own 71.18% of the company’s stock.
W. R. Berkley Corp (NYSE:WRB) opened at $70.08 on Tuesday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.34 and a current ratio of 0.34. W. R. Berkley Corp has a 12 month low of $62.00 and a 12 month high of $74.43. The stock has a market capitalization of $8,391.26, a price-to-earnings ratio of 27.95, a price-to-earnings-growth ratio of 2.14 and a beta of 0.84.
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About W. R. Berkley
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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