Eurizon Capital SGR S.p.A. Makes New $3.15 Million Investment in W.R. Berkley Corporation $WRB

Eurizon Capital SGR S.p.A. purchased a new position in shares of W.R. Berkley Corporation (NYSE:WRB) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 44,882 shares of the insurance provider’s stock, valued at approximately $3,148,000.

Several other institutional investors have also modified their holdings of the business. Johnson Financial Group Inc. lifted its position in shares of W.R. Berkley by 22.3% during the 3rd quarter. Johnson Financial Group Inc. now owns 756 shares of the insurance provider’s stock worth $58,000 after purchasing an additional 138 shares during the last quarter. Maridea Wealth Management LLC raised its stake in shares of W.R. Berkley by 2.0% during the 3rd quarter. Maridea Wealth Management LLC now owns 7,180 shares of the insurance provider’s stock worth $528,000 after buying an additional 141 shares during the last quarter. Physician Wealth Advisors Inc. grew its position in shares of W.R. Berkley by 40.2% in the third quarter. Physician Wealth Advisors Inc. now owns 523 shares of the insurance provider’s stock valued at $40,000 after purchasing an additional 150 shares during the last quarter. Allworth Financial LP grew its position in shares of W.R. Berkley by 4.8% in the third quarter. Allworth Financial LP now owns 3,328 shares of the insurance provider’s stock valued at $255,000 after purchasing an additional 153 shares during the last quarter. Finally, Accurate Wealth Management LLC boosted its position in W.R. Berkley by 5.2% during the fourth quarter. Accurate Wealth Management LLC now owns 3,173 shares of the insurance provider’s stock worth $217,000 after acquiring an additional 157 shares during the last quarter. Institutional investors and hedge funds own 68.82% of the company’s stock.

W.R. Berkley Stock Performance

Shares of WRB opened at $64.43 on Tuesday. The company’s 50 day moving average price is $66.31 and its 200 day moving average price is $69.10. W.R. Berkley Corporation has a 52 week low of $62.87 and a 52 week high of $78.96. The company has a market capitalization of $23.98 billion, a PE ratio of 13.65, a PEG ratio of 3.00 and a beta of 0.33. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.36 and a current ratio of 0.36.

W.R. Berkley (NYSE:WRB) last posted its earnings results on Tuesday, April 21st. The insurance provider reported $1.30 EPS for the quarter, topping the consensus estimate of $1.13 by $0.17. The company had revenue of $3.69 billion during the quarter, compared to the consensus estimate of $3.18 billion. W.R. Berkley had a net margin of 12.64% and a return on equity of 18.92%. The company’s revenue for the quarter was up 1.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.01 earnings per share. Research analysts expect that W.R. Berkley Corporation will post 4.67 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have recently commented on WRB shares. Brean Capital downgraded shares of W.R. Berkley from a “buy” rating to a “neutral” rating and set a $73.00 target price on the stock. in a research note on Wednesday, March 25th. Evercore reissued an “underperform” rating on shares of W.R. Berkley in a report on Monday, March 9th. Wells Fargo & Company decreased their price objective on shares of 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 target on shares of W.R. Berkley and gave the company a “neutral” rating in a report on Monday, April 27th. Finally, Argus lowered shares of W.R. Berkley from a “buy” rating to a “hold” rating in a report on Monday, April 27th. Two equities research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, W.R. Berkley presently has an average rating of “Reduce” and a consensus target price of $68.81.

W.R. Berkley Company 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.