California State Teachers Retirement System Sells 13,529 Shares of W. R. Berkley Corp (WRB)

California State Teachers Retirement System lessened its stake in W. R. Berkley Corp (NYSE:WRB) by 7.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 164,442 shares of the insurance provider’s stock after selling 13,529 shares during the period. California State Teachers Retirement System owned about 0.14% of W. R. Berkley worth $10,975,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. D.A. Davidson & CO. raised its stake in shares of W. R. Berkley by 1.2% during the 2nd quarter. D.A. Davidson & CO. now owns 5,836 shares of the insurance provider’s stock worth $403,000 after buying an additional 67 shares during the period. Burney Co. raised its stake in shares of W. R. Berkley by 0.3% during the 2nd quarter. Burney Co. now owns 41,928 shares of the insurance provider’s stock worth $2,902,000 after buying an additional 132 shares during the period. Northwestern Mutual Investment Management Company LLC raised its stake in shares of W. R. Berkley by 1.3% during the 2nd quarter. Northwestern Mutual Investment Management Company LLC now owns 16,933 shares of the insurance provider’s stock worth $1,015,000 after buying an additional 222 shares during the period. Franklin Resources Inc. raised its stake in shares of W. R. Berkley by 1.0% during the 2nd quarter. Franklin Resources Inc. now owns 30,431 shares of the insurance provider’s stock worth $2,105,000 after buying an additional 294 shares during the period. Finally, Ameritas Investment Partners Inc. raised its stake in shares of W. R. Berkley by 1.5% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 29,022 shares of the insurance provider’s stock worth $2,007,000 after buying an additional 437 shares during the period. Institutional investors and hedge funds own 71.03% of the company’s stock.

W. R. Berkley Corp (WRB) opened at $70.90 on Monday. W. R. Berkley Corp has a 52 week low of $62.00 and a 52 week high of $73.17. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.45. The company has a market capitalization of $8,640.00, a price-to-earnings ratio of 16.68, a P/E/G ratio of 3.23 and a beta of 0.91.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 14th. Investors of record on Thursday, November 30th were paid a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 0.79%. The ex-dividend date of this dividend was Wednesday, November 29th. W. R. Berkley’s dividend payout ratio is currently 13.18%.

Several brokerages have recently weighed in on WRB. UBS Group upped their target price on W. R. Berkley from $63.00 to $66.00 and gave the stock a “sell” rating in a research note on Wednesday, October 25th. Zacks Investment Research downgraded W. R. Berkley from a “hold” rating to a “sell” rating in a research note on Thursday, October 12th. Boenning Scattergood reaffirmed a “hold” rating on shares of W. R. Berkley in a research note on Wednesday, October 25th. Royal Bank of Canada reissued a “hold” rating and issued a $72.00 price objective on shares of W. R. Berkley in a research note on Tuesday, August 29th. Finally, Buckingham Research began coverage on W. R. Berkley in a research note on Monday, September 11th. They issued a “neutral” rating and a $67.00 price objective for the company. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and one has given a buy rating to the company. W. R. Berkley has an average rating of “Hold” and an average target price of $69.14.

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W. R. Berkley Profile

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 (NYSE:WRB)

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