W.R. Berkley Corporation (WRB) Holdings Boosted by Pictet Asset Management Ltd.

Pictet Asset Management Ltd. grew its position in W.R. Berkley Corporation (NYSE:WRB) by 6.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 35,450 shares of the insurance provider’s stock after purchasing an additional 2,200 shares during the quarter. Pictet Asset Management Ltd.’s holdings in W.R. Berkley Corporation were worth $2,366,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Renaissance Technologies LLC bought a new position in shares of W.R. Berkley Corporation during the first quarter worth $2,981,000. Capstone Asset Management Co. boosted its position in shares of W.R. Berkley Corporation by 2.6% during the second quarter. Capstone Asset Management Co. now owns 12,848 shares of the insurance provider’s stock worth $889,000 after acquiring an additional 320 shares during the last quarter. Creative Planning boosted its position in shares of W.R. Berkley Corporation by 2.3% during the second quarter. Creative Planning now owns 7,551 shares of the insurance provider’s stock worth $522,000 after acquiring an additional 170 shares during the last quarter. State of Alaska Department of Revenue boosted its position in shares of W.R. Berkley Corporation by 6.9% during the second quarter. State of Alaska Department of Revenue now owns 8,139 shares of the insurance provider’s stock worth $562,000 after acquiring an additional 528 shares during the last quarter. Finally, Mn Services Vermogensbeheer B.V. boosted its position in shares of W.R. Berkley Corporation by 516.4% during the second quarter. Mn Services Vermogensbeheer B.V. now owns 15,705 shares of the insurance provider’s stock worth $1,086,000 after acquiring an additional 13,157 shares during the last quarter. Institutional investors and hedge funds own 70.49% of the company’s stock.

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Shares of W.R. Berkley Corporation (NYSE WRB) opened at $68.13 on Tuesday. The stock has a market cap of $8,372.17, a price-to-earnings ratio of 27.17, a P/E/G ratio of 3.15 and a beta of 0.92. 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 Corporation has a 12 month low of $58.15 and a 12 month high of $73.17.

W.R. Berkley Corporation announced that its board has initiated a share buyback plan on Tuesday, August 8th that allows the company to buyback 10,000,000 outstanding shares. This buyback authorization allows the insurance provider to reacquire shares of its stock through open market purchases. Shares buyback plans are typically an indication that the company’s leadership believes its shares are undervalued.

A number of brokerages recently weighed in on WRB. UBS AG upped their target price on shares of W.R. Berkley Corporation from $63.00 to $66.00 and gave the stock a “sell” rating in a research report on Wednesday, October 25th. Zacks Investment Research lowered shares of W.R. Berkley Corporation from a “hold” rating to a “sell” rating in a research report on Thursday, October 12th. Boenning Scattergood restated a “hold” rating on shares of W.R. Berkley Corporation in a research report on Wednesday, July 26th. Keefe, Bruyette & Woods restated a “neutral” rating on shares of W.R. Berkley Corporation in a research report on Sunday, September 3rd. Finally, Buckingham Research began coverage on shares of W.R. Berkley Corporation in a research report on Monday, September 11th. They set a “neutral” rating and a $67.00 target price for the company. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has assigned a buy rating to the company’s stock. W.R. Berkley Corporation currently has a consensus rating of “Hold” and an average price target of $67.75.

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.

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

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