Atria Investments Inc Sells 12,079 Shares of W.R. Berkley Corporation $WRB

Atria Investments Inc decreased its position in W.R. Berkley Corporation (NYSE:WRB) by 13.4% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 78,268 shares of the insurance provider’s stock after selling 12,079 shares during the quarter. Atria Investments Inc’s holdings in W.R. Berkley were worth $5,488,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. Pacer Advisors Inc. lifted its holdings in W.R. Berkley by 47.3% in the fourth quarter. Pacer Advisors Inc. now owns 35,525 shares of the insurance provider’s stock valued at $2,491,000 after acquiring an additional 11,400 shares during the period. Oregon Public Employees Retirement Fund lifted its holdings in W.R. Berkley by 0.6% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 34,400 shares of the insurance provider’s stock valued at $2,412,000 after acquiring an additional 200 shares during the period. World Investment Advisors lifted its holdings in W.R. Berkley by 7.4% in the fourth quarter. World Investment Advisors now owns 6,730 shares of the insurance provider’s stock valued at $472,000 after acquiring an additional 463 shares during the period. Crossmark Global Holdings Inc. raised its stake in shares of W.R. Berkley by 3.5% in the fourth quarter. Crossmark Global Holdings Inc. now owns 24,706 shares of the insurance provider’s stock worth $1,732,000 after buying an additional 839 shares during the period. Finally, Ethic Inc. raised its stake in shares of W.R. Berkley by 2.0% in the fourth quarter. Ethic Inc. now owns 46,174 shares of the insurance provider’s stock worth $3,238,000 after buying an additional 903 shares during the period. Institutional investors own 68.82% of the company’s stock.

W.R. Berkley Stock Performance

NYSE:WRB opened at $66.38 on Friday. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 0.29. W.R. Berkley Corporation has a 12-month low of $63.67 and a 12-month high of $78.96. The stock has a 50-day moving average price of $66.68 and a 200 day moving average price of $69.67. The stock has a market capitalization of $24.71 billion, a P/E ratio of 14.06, a P/E/G ratio of 3.14 and a beta of 0.33.

W.R. Berkley (NYSE:WRB) last released its earnings results on Tuesday, April 21st. The insurance provider reported $1.30 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $3.69 billion during the quarter, compared to analysts’ expectations of $3.18 billion. During the same quarter last year, the business posted $1.01 earnings per share. The firm’s revenue was up 1.3% on a year-over-year basis. Equities research analysts forecast that W.R. Berkley Corporation will post 4.65 EPS for the current fiscal year.

Insider Activity

In other W.R. Berkley news, major shareholder Sumitomo Insurance Co L. Mitsui bought 112,176 shares of the business’s stock in a transaction that occurred on Tuesday, March 3rd. The stock was purchased at an average price of $72.20 per share, for a total transaction of $8,099,107.20. Following the completion of the transaction, the insider owned 58,780,450 shares of the company’s stock, valued at $4,243,948,490. This trade represents a 0.19% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders bought a total of 2,183,798 shares of company stock worth $155,530,321 in the last three months. Company insiders own 23.30% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently commented on WRB shares. Evercore reaffirmed an “underperform” rating on shares of W.R. Berkley in a research note on Monday, March 9th. Keefe, Bruyette & Woods decreased their price objective on W.R. Berkley from $74.00 to $66.00 and set a “market perform” rating on the stock in a research note on Wednesday, April 1st. Brean Capital downgraded W.R. Berkley from a “buy” rating to a “neutral” rating and set a $73.00 price objective on the stock. in a research note on Wednesday, March 25th. Barclays raised their price objective on W.R. Berkley from $62.00 to $64.00 and gave the stock an “underweight” rating in a research note on Wednesday, April 22nd. Finally, Morgan Stanley decreased their price objective on W.R. Berkley from $73.00 to $72.00 and set an “equal weight” rating on the stock in a research note on Monday, April 6th. Two analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Reduce” and an average price target of $68.81.

About W.R. Berkley

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.