Fox Run Management L.L.C. Takes $466,000 Position in W. R. Berkley Corp (NYSE:WRB)

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Fox Run Management L.L.C. bought a new stake in W. R. Berkley Corp (NYSE:WRB) during the 3rd quarter, HoldingsChannel reports. The fund bought 6,454 shares of the insurance provider’s stock, valued at approximately $466,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Krane Funds Advisors LLC purchased a new stake in shares of W. R. Berkley in the second quarter valued at $26,000. Steward Partners Investment Advisory LLC purchased a new stake in shares of W. R. Berkley in the second quarter valued at $27,000. Hanson McClain Inc. raised its stake in shares of W. R. Berkley by 50.0% in the second quarter. Hanson McClain Inc. now owns 525 shares of the insurance provider’s stock valued at $35,000 after acquiring an additional 175 shares during the period. Johnson Financial Group Inc. raised its stake in shares of W. R. Berkley by 49.9% in the second quarter. Johnson Financial Group Inc. now owns 553 shares of the insurance provider’s stock valued at $36,000 after acquiring an additional 184 shares during the period. Finally, Asset Dedication LLC raised its stake in shares of W. R. Berkley by 49.9% in the second quarter. Asset Dedication LLC now owns 571 shares of the insurance provider’s stock valued at $38,000 after acquiring an additional 190 shares during the period. 70.71% of the stock is currently owned by institutional investors and hedge funds.

Shares of NYSE WRB traded down $0.19 during mid-day trading on Tuesday, reaching $70.93. The company had a trading volume of 3,639 shares, compared to its average volume of 545,850. The business’s 50-day moving average is $71.60 and its 200-day moving average is $67.12. The company has a current ratio of 0.48, a quick ratio of 0.48 and a debt-to-equity ratio of 0.46. The stock has a market cap of $13.01 billion, a price-to-earnings ratio of 26.59, a price-to-earnings-growth ratio of 2.76 and a beta of 0.68. W. R. Berkley Corp has a 52 week low of $45.91 and a 52 week high of $73.26.

W. R. Berkley (NYSE:WRB) last posted its quarterly earnings results on Tuesday, July 23rd. The insurance provider reported $0.82 EPS for the quarter, topping the Zacks’ consensus estimate of $0.64 by $0.18. The firm had revenue of $1.65 billion for the quarter, compared to analysts’ expectations of $1.63 billion. W. R. Berkley had a net margin of 8.81% and a return on equity of 10.55%. The business’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same period in the prior year, the business posted $1.40 earnings per share. As a group, equities research analysts forecast that W. R. Berkley Corp will post 2.86 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Thursday, October 3rd. Stockholders of record on Thursday, September 19th were issued a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.62%. The ex-dividend date was Wednesday, September 18th. W. R. Berkley’s payout ratio is presently 16.48%.

WRB has been the topic of several recent analyst reports. Zacks Investment Research raised shares of W. R. Berkley from a “hold” rating to a “buy” rating and set a $71.00 target price on the stock in a research note on Saturday, July 27th. Buckingham Research increased their target price on shares of W. R. Berkley from $63.00 to $64.00 and gave the company a “neutral” rating in a research note on Thursday, September 12th. Morgan Stanley increased their target price on shares of W. R. Berkley from $63.00 to $73.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 14th. Deutsche Bank downgraded shares of W. R. Berkley from a “hold” rating to a “sell” rating and set a $65.71 target price on the stock. in a research note on Wednesday, June 26th. Finally, ValuEngine downgraded shares of W. R. Berkley from a “hold” rating to a “sell” rating in a research note on Wednesday, October 2nd. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $65.20.

W. R. Berkley 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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Want to see what other hedge funds are holding WRB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for W. R. Berkley Corp (NYSE:WRB).

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

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