W. R. Berkley Corp (WRB) : St. James Investment Company reduced its stake in W. R. Berkley Corp by 2.51% during the most recent quarter end. The investment management company now holds a total of 1,067,866 shares of W. R. Berkley Corp which is valued at $62,427,446 after selling 27,458 shares in W. R. Berkley Corp , the firm said in a disclosure report filed with the SEC on Aug 1, 2016.W. R. Berkley Corp makes up approximately 7.69% of St. James Investment Company’s portfolio.
Other Hedge Funds, Including , Uss Investment Management Ltd reduced its stake in WRB by selling 5,500 shares or 4.72% in the most recent quarter. The Hedge Fund company now holds 110,927 shares of WRB which is valued at $6,484,792. W. R. Berkley Corp makes up approx 0.11% of Uss Investment Management Ltd’s portfolio. Smith Salley Associates added WRB to its portfolio by purchasing 3,710 company shares during the most recent quarter which is valued at $215,885. W. R. Berkley Corp makes up approx 0.05% of Smith Salley Associates’s portfolio. Quadrant Capital Group added WRB to its portfolio by purchasing 23 company shares during the most recent quarter which is valued at $1,338. Sigma Planning Corp sold out all of its stake in WRB during the most recent quarter. The investment firm sold 4,565 shares of WRB which is valued $269,152.
W. R. Berkley Corp closed down -0.23 points or -0.39% at $58.23 with 1,84,646 shares getting traded on Thursday. Post opening the session at $58.46, the shares hit an intraday low of $58.19 and an intraday high of $58.82 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.
On the company’s financial health, W. R. Berkley Corp reported $0.82 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Jul 25, 2016. Analyst had a consensus of $0.79. The company had revenue of $1559.80 million for the quarter, compared to analysts expectations of $1578.40 million. The company’s revenue was up 4.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.81 EPS.
Many Wall Street Analysts have commented on W. R. Berkley Corp. Company shares were Reiterated by Compass Point on Jul 26, 2016 to “Neutral”, Firm has raised the Price Target to $ 60 from a previous price target of $55 .Company shares were Reiterated by RBC Capital Mkts on Jul 13, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 61 from a previous price target of $57 .
W. R. Berkley Corporation (W. R. Berkley) is an insurance holding company. The Company operates in the three segments of the property casualty insurance business: Insurance-Domestic Insurance-International and Reinsurance-Global. The Companys Insurance -Domestic operating units underwrite specialty risks within the excess and surplus lines market and on an admitted basis. The Company through its Insurance-International operating units writes business in almost 40 countries across the world with branches or offices in 15 locations outside the United States including the United Kingdom Continental Europe South America Canada Scandinavia and Australia. The Company provides other insurance companies and self-insureds with assistance in managing their net risk through reinsurance on either a portfolio basis through treaty reinsurance or on an individual basis through facultative reinsurance.