Mitsubishi UFJ Trust & Banking Corp decreased its position in shares of W. R. Berkley Corp (NYSE:WRB) by 49.6% during the 3rd quarter, Holdings Channel reports. The firm owned 120,242 shares of the insurance provider’s stock after selling 118,393 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in W. R. Berkley were worth $9,611,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of the business. Northwestern Mutual Wealth Management Co. boosted its stake in shares of W. R. Berkley by 75.0% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,701 shares of the insurance provider’s stock worth $123,000 after buying an additional 729 shares during the period. IFM Investors Pty Ltd boosted its stake in shares of W. R. Berkley by 17.9% during the third quarter. IFM Investors Pty Ltd now owns 5,140 shares of the insurance provider’s stock worth $411,000 after buying an additional 782 shares during the period. State Board of Administration of Florida Retirement System boosted its stake in shares of W. R. Berkley by 0.5% during the second quarter. State Board of Administration of Florida Retirement System now owns 163,813 shares of the insurance provider’s stock worth $11,862,000 after buying an additional 850 shares during the period. Toronto Dominion Bank lifted its position in W. R. Berkley by 9.1% in the third quarter. Toronto Dominion Bank now owns 10,574 shares of the insurance provider’s stock valued at $845,000 after purchasing an additional 883 shares during the period. Finally, Oppenheimer Asset Management Inc. lifted its position in W. R. Berkley by 18.1% in the second quarter. Oppenheimer Asset Management Inc. now owns 7,186 shares of the insurance provider’s stock valued at $521,000 after purchasing an additional 1,101 shares during the period. 71.03% of the stock is currently owned by institutional investors.

Shares of NYSE:WRB opened at $76.63 on Thursday. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.36 and a quick ratio of 0.36. The stock has a market capitalization of $9.36 billion, a P/E ratio of 31.15, a PEG ratio of 2.16 and a beta of 0.85. W. R. Berkley Corp has a 52 week low of $67.12 and a 52 week high of $80.68.

W. R. Berkley (NYSE:WRB) last announced its quarterly earnings data on Tuesday, October 23rd. The insurance provider reported $1.12 EPS for the quarter, beating the Zacks’ consensus estimate of $0.84 by $0.28. The firm had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.60 billion. W. R. Berkley had a net margin of 8.64% and a return on equity of 9.03%. The firm’s revenue was up 1.4% compared to the same quarter last year. During the same quarter last year, the firm earned $1.26 earnings per share. On average, sell-side analysts anticipate that W. R. Berkley Corp will post 3.95 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 12th. Investors of record on Wednesday, November 28th will be given a $0.15 dividend. The ex-dividend date is Tuesday, November 27th. This represents a $0.60 dividend on an annualized basis and a yield of 0.78%. W. R. Berkley’s payout ratio is currently 24.39%.

Separately, Zacks Investment Research downgraded shares of W. R. Berkley from a “buy” rating to a “hold” rating in a research report on Thursday, October 4th. Three analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $78.50.

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W. R. Berkley Profile

W. R. Berkley Corporation, an insurance holding company, operates as a commercial lines writer in the United States and internationally. It operates through two segments, Insurance and Reinsurance. The Insurance segment underwrites commercial insurance business, including premises operations, commercial automobile, property, products liability, and professional liability lines.

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

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