YHB Investment Advisors Inc. grew its stake in W.R. Berkley Corporation (NYSE:WRB) by 88.3% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 35,389 shares of the insurance provider’s stock after acquiring an additional 16,600 shares during the quarter. YHB Investment Advisors Inc.’s holdings in W.R. Berkley Corporation were worth $2,362,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of WRB. Atlanta Capital Management Co. L L C increased its stake in shares of W.R. Berkley Corporation by 33.2% in the 2nd quarter. Atlanta Capital Management Co. L L C now owns 3,564,878 shares of the insurance provider’s stock worth $246,583,000 after acquiring an additional 888,016 shares during the last quarter. Janus Henderson Group PLC increased its stake in shares of W.R. Berkley Corporation by 5,691.5% in the 2nd quarter. Janus Henderson Group PLC now owns 683,863 shares of the insurance provider’s stock worth $47,303,000 after acquiring an additional 672,055 shares during the last quarter. Victory Capital Management Inc. increased its stake in shares of W.R. Berkley Corporation by 18.5% in the 3rd quarter. Victory Capital Management Inc. now owns 2,859,546 shares of the insurance provider’s stock worth $190,846,000 after acquiring an additional 446,774 shares during the last quarter. Renaissance Technologies LLC increased its stake in shares of W.R. Berkley Corporation by 778.9% in the 2nd quarter. Renaissance Technologies LLC now owns 370,900 shares of the insurance provider’s stock worth $25,655,000 after acquiring an additional 328,700 shares during the last quarter. Finally, Russell Investments Group Ltd. increased its stake in shares of W.R. Berkley Corporation by 140.7% in the 2nd quarter. Russell Investments Group Ltd. now owns 324,887 shares of the insurance provider’s stock worth $22,475,000 after acquiring an additional 189,931 shares during the last quarter. 71.03% of the stock is owned by institutional investors and hedge funds.

A number of analysts have issued reports on WRB shares. Boenning Scattergood reaffirmed a “hold” rating on shares of W.R. Berkley Corporation in a research note on Wednesday, July 26th. Zacks Investment Research upgraded W.R. Berkley Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, July 18th. Royal Bank Of Canada reiterated a “hold” rating and set a $72.00 price target on shares of W.R. Berkley Corporation in a report on Tuesday, August 29th. Deutsche Bank AG increased their price target on W.R. Berkley Corporation from $65.00 to $66.00 and gave the stock a “hold” rating in a report on Wednesday, October 25th. Finally, Bank of America Corporation raised their target price on W.R. Berkley Corporation from $73.00 to $74.00 and gave the company a “neutral” rating in a report on Wednesday, October 25th. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has assigned a buy rating to the company’s stock. W.R. Berkley Corporation has an average rating of “Hold” and a consensus target price of $67.75.

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Shares of W.R. Berkley Corporation (NYSE WRB) traded up $0.07 on Friday, hitting $68.74. The stock had a trading volume of 328,300 shares, compared to its average volume of 409,667. The company has a quick ratio of 0.35, a current ratio of 0.34 and a debt-to-equity ratio of 0.45. The stock has a market cap of $8,372.19, a PE ratio of 27.17, a PEG ratio of 3.15 and a beta of 0.92. W.R. Berkley Corporation has a fifty-two week low of $56.98 and a fifty-two week high of $73.17.

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

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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