W. R. Berkley Corp (WRB) Shares Sold by St. Johns Investment Management Company LLC

St. Johns Investment Management Company LLC decreased its stake in W. R. Berkley Corp (NYSE:WRB) by 57.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 500 shares of the insurance provider’s stock after selling 675 shares during the period. St. Johns Investment Management Company LLC’s holdings in W. R. Berkley were worth $37,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the company. Atlanta Capital Management Co. L L C raised its position in W. R. Berkley by 30.1% in the 3rd quarter. Atlanta Capital Management Co. L L C now owns 7,872,276 shares of the insurance provider’s stock valued at $629,231,000 after purchasing an additional 1,821,020 shares during the last quarter. Janus Henderson Group PLC raised its position in W. R. Berkley by 13.4% during the 3rd quarter. Janus Henderson Group PLC now owns 3,797,943 shares of the insurance provider’s stock worth $303,569,000 after buying an additional 448,923 shares during the last quarter. BlackRock Inc. raised its position in W. R. Berkley by 2.3% during the 3rd quarter. BlackRock Inc. now owns 10,716,398 shares of the insurance provider’s stock worth $856,561,000 after buying an additional 236,781 shares during the last quarter. Scout Investments Inc. raised its position in W. R. Berkley by 53.7% during the 3rd quarter. Scout Investments Inc. now owns 497,458 shares of the insurance provider’s stock worth $39,762,000 after buying an additional 173,888 shares during the last quarter. Finally, Cornerstone Wealth Management LLC purchased a new position in W. R. Berkley during the 3rd quarter worth $2,499,000. Institutional investors and hedge funds own 73.32% of the company’s stock.

Shares of NYSE:WRB traded down $0.20 on Monday, reaching $79.97. 31,180 shares of the company were exchanged, compared to its average volume of 317,929. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 0.49. W. R. Berkley Corp has a 1-year low of $67.12 and a 1-year high of $81.00. The stock has a market cap of $9.79 billion, a PE ratio of 19.94, a price-to-earnings-growth ratio of 2.34 and a beta of 0.75.

A number of equities analysts have recently weighed in on WRB shares. Zacks Investment Research cut shares of W. R. Berkley from a “hold” rating to a “sell” rating in a research note on Monday, January 14th. Morgan Stanley lowered their price target on shares of W. R. Berkley from $74.00 to $73.00 and set an “equal weight” rating on the stock in a research note on Thursday, January 3rd. Two research analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $77.40.

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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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