Forsta AP Fonden Has $6.15 Million Stock Position in W.R. Berkley Corporation $WRB

Forsta AP Fonden grew its stake in shares of W.R. Berkley Corporation (NYSE:WRB) by 23.2% in the fourth quarter, HoldingsChannel.com reports. The firm owned 87,650 shares of the insurance provider’s stock after purchasing an additional 16,500 shares during the period. Forsta AP Fonden’s holdings in W.R. Berkley were worth $6,146,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Entrust Financial LLC bought a new stake in W.R. Berkley during the 4th quarter worth approximately $25,000. Compass Financial Services Inc bought a new stake in W.R. Berkley during the 3rd quarter worth approximately $26,000. Triumph Capital Management bought a new stake in W.R. Berkley during the 3rd quarter worth approximately $35,000. Physician Wealth Advisors Inc. increased its holdings in W.R. Berkley by 40.2% during the 3rd quarter. Physician Wealth Advisors Inc. now owns 523 shares of the insurance provider’s stock worth $40,000 after purchasing an additional 150 shares in the last quarter. Finally, Westside Investment Management Inc. increased its holdings in W.R. Berkley by 100.0% during the 3rd quarter. Westside Investment Management Inc. now owns 528 shares of the insurance provider’s stock worth $40,000 after purchasing an additional 264 shares in the last quarter. 68.82% of the stock is owned by institutional investors.

W.R. Berkley Price Performance

W.R. Berkley stock opened at $64.43 on Tuesday. W.R. Berkley Corporation has a 12 month low of $62.87 and a 12 month high of $78.96. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 0.29. The business’s 50 day simple moving average is $66.31 and its 200 day simple moving average is $69.10. The company has a market cap of $23.98 billion, a price-to-earnings ratio of 13.65, a PEG ratio of 3.00 and a beta of 0.33.

W.R. Berkley (NYSE:WRB) last posted its quarterly earnings data on Tuesday, April 21st. The insurance provider reported $1.30 EPS for the quarter, beating the consensus estimate of $1.13 by $0.17. W.R. Berkley had a return on equity of 18.92% and a net margin of 12.64%.The business had revenue of $3.69 billion for the quarter, compared to the consensus estimate of $3.18 billion. During the same quarter in the prior year, the business earned $1.01 earnings per share. W.R. Berkley’s revenue for the quarter was up 1.3% on a year-over-year basis. Sell-side analysts forecast that W.R. Berkley Corporation will post 4.67 EPS for the current year.

Analyst Upgrades and Downgrades

WRB has been the subject of a number of recent research reports. Weiss Ratings lowered W.R. Berkley from a “buy (b)” rating to a “buy (b-)” rating in a report on Wednesday, May 20th. Cantor Fitzgerald lowered W.R. Berkley from an “overweight” rating to a “neutral” rating and decreased their price objective for the stock from $75.00 to $71.00 in a report on Thursday, April 9th. Wells Fargo & Company decreased their price objective on W.R. Berkley from $66.00 to $64.00 and set an “equal weight” rating for the company in a report on Wednesday, April 22nd. UBS Group set a $68.00 price objective on W.R. Berkley and gave the stock a “neutral” rating in a report on Monday, April 27th. Finally, Wall Street Zen raised W.R. Berkley from a “sell” rating to a “hold” rating in a report on Saturday, April 25th. Two analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and a consensus price target of $68.81.

W.R. Berkley Profile

W. R. Berkley Corporation (NYSE: WRB) is a publicly traded insurance holding company that underwrites and sells commercial property and casualty insurance, specialty insurance products, and reinsurance. Headquartered in Greenwich, Connecticut, the company operates a portfolio of underwriting businesses that focus on niche and specialty commercial risks, offering coverage tailored to industries such as transportation, construction, professional services and other commercial lines.

The company’s product mix includes primary and excess casualty, property, professional liability, environmental and other specialty lines, together with treaty and facultative reinsurance solutions.