Aigen Investment Management LP Takes Position in W. R. Berkley Co. (NYSE:WRB)

Aigen Investment Management LP purchased a new stake in W. R. Berkley Co. (NYSE:WRB – Get Rating) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 2,952 shares of the insurance provider’s stock, valued at approximately $214,000.

Several other large investors have also bought and sold shares of the stock. Brandywine Global Investment Management LLC lifted its holdings in W. R. Berkley by 13.6% during the fourth quarter. Brandywine Global Investment Management LLC now owns 220,326 shares of the insurance provider’s stock worth $15,989,000 after acquiring an additional 26,345 shares during the period. Vanguard Personalized Indexing Management LLC boosted its holdings in shares of W. R. Berkley by 1.0% in the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 15,898 shares of the insurance provider’s stock worth $1,154,000 after buying an additional 160 shares during the last quarter. Lord Abbett & CO. LLC bought a new position in W. R. Berkley during the fourth quarter valued at about $22,088,000. CI Investments Inc. increased its holdings in W. R. Berkley by 6.1% during the fourth quarter. CI Investments Inc. now owns 11,431 shares of the insurance provider’s stock worth $829,000 after buying an additional 654 shares during the last quarter. Finally, Blue Barn Wealth LLC bought a new stake in W. R. Berkley in the fourth quarter worth about $220,000. 71.66% of the stock is currently owned by institutional investors.

W. R. Berkley Trading Down 1.2 %

Shares of WRB stock opened at $56.10 on Friday. The company has a market capitalization of $14.63 billion, a PE ratio of 14.42, a price-to-earnings-growth ratio of 1.40 and a beta of 0.62. W. R. Berkley Co. has a 52-week low of $55.67 and a 52-week high of $76.99. The business’s fifty day moving average is $60.28 and its 200 day moving average is $67.04. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.37 and a current ratio of 0.37.

W. R. Berkley (NYSE:WRB – Get Rating) last announced its earnings results on Thursday, April 20th. The insurance provider reported $1.00 earnings per share for the quarter, missing analysts’ consensus estimates of $1.19 by ($0.19). W. R. Berkley had a return on equity of 17.98% and a net margin of 9.73%. The business had revenue of $2.49 billion during the quarter, compared to the consensus estimate of $2.53 billion. During the same quarter in the prior year, the company earned $1.10 earnings per share. W. R. Berkley’s revenue was up 10.8% compared to the same quarter last year. On average, equities research analysts anticipate that W. R. Berkley Co. will post 4.57 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms recently commented on WRB. Keefe, Bruyette & Woods lowered their price target on shares of W. R. Berkley from $84.00 to $80.00 and set an “outperform” rating on the stock in a report on Tuesday, April 18th. Wells Fargo & Company lowered their price objective on W. R. Berkley from $79.00 to $77.00 and set an “overweight” rating on the stock in a research note on Friday, April 21st. Bank of America increased their target price on shares of W. R. Berkley from $80.00 to $84.00 and gave the stock a “buy” rating in a research report on Friday, April 21st. Royal Bank of Canada dropped their price target on shares of W. R. Berkley from $82.00 to $76.00 and set an “outperform” rating on the stock in a research note on Friday, April 21st. Finally, Jefferies Financial Group reduced their price objective on shares of W. R. Berkley from $75.00 to $69.00 and set a “hold” rating for the company in a research note on Monday, April 10th. Four analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $77.64.

About W. R. Berkley

(Get Rating)

W.R. Berkley Corp. is an insurance holding company, which engages in the property casualty insurance business. It operates through the following segments: Insurance and Reinsurance & Monoline Excess. The Insurance segment includes excess and surplus lines, admitted lines, and specialty personal lines throughout the United States, as well as insurance businesses in the United Kingdom, Continental Europe, South America, Canada, Mexico, Scandinavia, Asia, and Australia.