Naples Global Advisors LLC Has $469,000 Position in W. R. Berkley Co. (NYSE:WRB)

Naples Global Advisors LLC lessened its stake in shares of W. R. Berkley Co. (NYSE:WRB) by 3.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,588 shares of the insurance provider’s stock after selling 250 shares during the period. Naples Global Advisors LLC’s holdings in W. R. Berkley were worth $469,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. lifted its position in W. R. Berkley by 55.1% in the third quarter. JPMorgan Chase & Co. now owns 7,366,424 shares of the insurance provider’s stock worth $417,897,000 after purchasing an additional 2,616,227 shares during the period. Brighton Jones LLC raised its stake in W. R. Berkley by 75.6% during the fourth quarter. Brighton Jones LLC now owns 50,503 shares of the insurance provider’s stock worth $2,955,000 after acquiring an additional 21,737 shares in the last quarter. DAVENPORT & Co LLC raised its stake in W. R. Berkley by 41.0% during the fourth quarter. DAVENPORT & Co LLC now owns 17,611 shares of the insurance provider’s stock worth $1,031,000 after acquiring an additional 5,124 shares in the last quarter. Spire Wealth Management raised its stake in W. R. Berkley by 1,095.9% during the fourth quarter. Spire Wealth Management now owns 4,915 shares of the insurance provider’s stock worth $288,000 after acquiring an additional 4,504 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. increased its stake in shares of W. R. Berkley by 33.1% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 27,289 shares of the insurance provider’s stock valued at $1,609,000 after buying an additional 6,786 shares in the last quarter. Institutional investors and hedge funds own 68.82% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Wells Fargo & Company lifted their price objective on W. R. Berkley from $69.00 to $70.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 22nd. Truist Financial lifted their price target on shares of W. R. Berkley from $68.00 to $80.00 and gave the company a “buy” rating in a research note on Thursday, April 3rd. Keefe, Bruyette & Woods lifted their price target on shares of W. R. Berkley from $65.00 to $75.00 and gave the company a “market perform” rating in a research note on Monday, May 19th. Barclays boosted their price objective on shares of W. R. Berkley from $52.00 to $62.00 and gave the stock an “underweight” rating in a research report on Friday, April 11th. Finally, UBS Group upped their price target on shares of W. R. Berkley from $73.00 to $78.00 and gave the stock a “buy” rating in a research report on Monday, April 28th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, W. R. Berkley has a consensus rating of “Hold” and a consensus price target of $70.64.

W. R. Berkley Stock Up 0.5%

Shares of NYSE WRB opened at $74.23 on Friday. W. R. Berkley Co. has a one year low of $51.17 and a one year high of $76.38. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.36 and a quick ratio of 0.36. The firm’s 50 day simple moving average is $71.08 and its two-hundred day simple moving average is $64.64. The stock has a market capitalization of $28.16 billion, a P/E ratio of 17.01, a PEG ratio of 1.56 and a beta of 0.44.

W. R. Berkley (NYSE:WRB) last released its quarterly earnings data on Monday, April 21st. The insurance provider reported $1.01 earnings per share for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.07). The company had revenue of $3.01 billion for the quarter, compared to analysts’ expectations of $3.01 billion. W. R. Berkley had a net margin of 12.88% and a return on equity of 20.83%. As a group, analysts expect that W. R. Berkley Co. will post 4.33 EPS for the current fiscal year.

About W. R. Berkley

W. R. Berkley Corporation, an insurance holding company, operates as a commercial lines writers worldwide. It operates in two segments, Insurance and Reinsurance & Monoline Excess. The Insurance segment underwrites commercial insurance business, including excess and surplus lines, admitted lines, and specialty personal lines.