Andra AP fonden raised its position in shares of W.R. Berkley Corporation (NYSE:WRB) by 7.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 176,500 shares of the insurance provider’s stock after purchasing an additional 12,900 shares during the period. Andra AP fonden owned approximately 0.15% of W.R. Berkley Corporation worth $11,780,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Tower Research Capital LLC TRC raised its position in W.R. Berkley Corporation by 683.0% during the second quarter. Tower Research Capital LLC TRC now owns 1,566 shares of the insurance provider’s stock valued at $108,000 after purchasing an additional 1,366 shares in the last quarter. NEXT Financial Group Inc raised its position in W.R. Berkley Corporation by 243.9% during the second quarter. NEXT Financial Group Inc now owns 1,809 shares of the insurance provider’s stock valued at $125,000 after purchasing an additional 1,283 shares in the last quarter. IFP Advisors Inc grew its stake in shares of W.R. Berkley Corporation by 6.9% during the second quarter. IFP Advisors Inc now owns 2,207 shares of the insurance provider’s stock worth $153,000 after buying an additional 143 shares during the last quarter. Parametrica Management Ltd bought a new stake in shares of W.R. Berkley Corporation during the second quarter worth $203,000. Finally, Advisor Partners LLC bought a new stake in shares of W.R. Berkley Corporation during the second quarter worth $213,000. Institutional investors and hedge funds own 70.95% of the company’s stock.

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Shares of W.R. Berkley Corporation (NYSE:WRB) traded up $0.71 during trading on Friday, hitting $69.25. 464,197 shares of the company traded hands, compared to its average volume of 408,055. The company has a market cap of $8,423.98, a P/E ratio of 27.34, a PEG ratio of 3.17 and a beta of 0.92. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 0.47.

W.R. Berkley Corporation declared that its Board of Directors has approved a stock buyback plan on Tuesday, August 8th that authorizes the company to repurchase 10,000,000 shares. This repurchase authorization authorizes the insurance provider to repurchase shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company’s leadership believes its stock is undervalued.

A number of research firms have weighed in on WRB. Bank of America Corporation boosted their target price on shares of W.R. Berkley Corporation from $73.00 to $74.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 25th. Boenning Scattergood reaffirmed a “hold” rating on shares of W.R. Berkley Corporation in a research note on Wednesday, October 25th. UBS Group AG (USA) boosted their target price on shares of W.R. Berkley Corporation from $63.00 to $66.00 and gave the stock a “sell” rating in a research note on Wednesday, October 25th. Deutsche Bank AG boosted their target price on shares of W.R. Berkley Corporation from $65.00 to $66.00 and gave the stock a “hold” rating in a research note on Wednesday, October 25th. Finally, Zacks Investment Research raised shares of W.R. Berkley Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, July 18th. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and one has issued a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $67.75.

About W.R. Berkley Corporation

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 Corporation (NYSE:WRB)

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