Pacer Advisors Inc. Has $853,000 Stake in W. R. Berkley Corp (WRB)

Pacer Advisors Inc. raised its position in W. R. Berkley Corp (NYSE:WRB) by 19.1% during the first quarter, Holdings Channel reports. The institutional investor owned 12,084 shares of the insurance provider’s stock after buying an additional 1,940 shares during the period. Pacer Advisors Inc.’s holdings in W. R. Berkley Corp were worth $853,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the company. Ladenburg Thalmann Financial Services Inc. raised its stake in W. R. Berkley Corp by 7.3% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,002 shares of the insurance provider’s stock worth $128,000 after buying an additional 137 shares in the last quarter. Sei Investments Co. raised its stake in W. R. Berkley Corp by 1.4% in the third quarter. Sei Investments Co. now owns 2,305 shares of the insurance provider’s stock worth $133,000 after buying an additional 32 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt raised its stake in W. R. Berkley Corp by 46.8% in the first quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,881 shares of the insurance provider’s stock worth $133,000 after buying an additional 600 shares in the last quarter. IFP Advisors Inc raised its stake in W. R. Berkley Corp by 218.0% in the first quarter. IFP Advisors Inc now owns 2,064 shares of the insurance provider’s stock worth $146,000 after buying an additional 1,415 shares in the last quarter. Finally, Mn Services Vermogensbeheer B.V. raised its stake in W. R. Berkley Corp by 4.2% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 2,548 shares of the insurance provider’s stock worth $168,000 after buying an additional 102 shares in the last quarter. 71.79% of the stock is owned by hedge funds and other institutional investors.

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

Shares of W. R. Berkley Corp (NYSE:WRB) traded up 0.33% during trading on Friday, hitting $67.11. 346,011 shares of the stock were exchanged. The stock has a market cap of $8.14 billion, a P/E ratio of 14.25 and a beta of 0.73. W. R. Berkley Corp has a 52 week low of $54.70 and a 52 week high of $73.17. The firm’s 50 day moving average price is $67.99 and its 200-day moving average price is $66.87.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 5th. Shareholders of record on Thursday, June 15th will be given a $0.14 dividend. This is a boost from W. R. Berkley Corp’s previous quarterly dividend of $0.13. This represents a $0.56 annualized dividend and a yield of 0.83%. The ex-dividend date is Tuesday, June 13th. W. R. Berkley Corp’s dividend payout ratio is 11.06%.

TRADEMARK VIOLATION NOTICE: “Pacer Advisors Inc. Has $853,000 Stake in W. R. Berkley Corp (WRB)” was reported by Mideast Time and is the property of of Mideast Time. If you are accessing this article on another domain, it was stolen and republished in violation of United States & international copyright & trademark legislation. The legal version of this article can be read at https://www.mideasttime.com/pacer-advisors-inc-has-853000-stake-in-w-r-berkley-corp-wrb/1708595.html.

A number of analysts have commented on the stock. Langen Mcalenn reaffirmed a “neutral” rating on shares of W. R. Berkley Corp in a report on Tuesday, January 31st. Zacks Investment Research lowered shares of W. R. Berkley Corp from a “buy” rating to a “hold” rating in a report on Friday, February 3rd. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $67.00 target price on shares of W. R. Berkley Corp in a report on Wednesday. Finally, Boenning Scattergood reaffirmed a “neutral” rating on shares of W. R. Berkley Corp in a report on Thursday, March 2nd. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $62.00.

About W. R. Berkley Corp

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.

5 Day Chart for NYSE:WRB

Want to see what other hedge funds are holding WRB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for W. R. Berkley Corp (NYSE:WRB).

Receive News & Ratings for W. R. Berkley Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for W. R. Berkley Corp and related companies with MarketBeat.com's FREE daily email newsletter.



Leave a Reply

 
© 2006-2017 Mideast Time.