CIBC World Markets Inc. increased its holdings in W. R. Berkley Corp (NYSE:WRB) by 15.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,440 shares of the insurance provider’s stock after buying an additional 1,023 shares during the period. CIBC World Markets Inc.’s holdings in W. R. Berkley were worth $533,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Tower Research Capital LLC TRC raised its position in shares of W. R. Berkley by 683.0% in the second quarter. Tower Research Capital LLC TRC now owns 1,566 shares of the insurance provider’s stock valued at $108,000 after buying an additional 1,366 shares in the last quarter. IFG Advisory LLC acquired a new stake in shares of W. R. Berkley in the fourth quarter valued at approximately $599,000. Massey Quick Simon & CO. LLC acquired a new stake in shares of W. R. Berkley in the third quarter valued at approximately $175,000. Advisor Group Inc. raised its position in shares of W. R. Berkley by 50.7% in the second quarter. Advisor Group Inc. now owns 3,370 shares of the insurance provider’s stock valued at $233,000 after buying an additional 1,134 shares in the last quarter. Finally, Ladenburg Thalmann Financial Services Inc. raised its position in shares of W. R. Berkley by 48.0% in the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,597 shares of the insurance provider’s stock valued at $241,000 after buying an additional 1,167 shares in the last quarter. Institutional investors own 70.41% of the company’s stock.

A number of research firms have recently weighed in on WRB. Royal Bank of Canada reiterated a “hold” rating on shares of W. R. Berkley in a research report on Wednesday, January 31st. Boenning Scattergood reiterated a “hold” rating on shares of W. R. Berkley in a research report on Wednesday, January 31st. Zacks Investment Research upgraded shares of W. R. Berkley from a “hold” rating to a “buy” rating and set a $79.00 price target for the company in a research report on Wednesday, December 27th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $69.00 price objective on shares of W. R. Berkley in a research note on Friday, November 17th. Finally, Deutsche Bank lifted their price objective on shares of W. R. Berkley from $65.00 to $66.00 and gave the company a “hold” rating in a research note on Wednesday, October 25th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the stock. W. R. Berkley has an average rating of “Hold” and a consensus target price of $70.38.

W. R. Berkley Corp (NYSE:WRB) opened at $67.76 on Friday. The stock has a market cap of $8,604.48, a P/E ratio of 15.83, a P/E/G ratio of 2.19 and a beta of 0.84. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.34 and a quick ratio of 0.34. W. R. Berkley Corp has a one year low of $62.00 and a one year high of $74.43.

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About W. R. Berkley

W. R. Berkley Corporation is an insurance holding company. It operates through two segments: Insurance and Reinsurance-Global. The Insurance segment consists of its commercial insurance business operations, comprising excess and surplus lines, and admitted lines, throughout the United States, as well as its insurance business operations in the United Kingdom, Continental Europe, South America, Canada, Mexico, Scandinavia, Asia and Australia.

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Institutional Ownership by Quarter for W. R. Berkley (NYSE:WRB)

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