Chilton Investment Co. LLC Has $11.10 Million Stake in W. R. Berkley Corp (WRB)

Chilton Investment Co. LLC cut its stake in shares of W. R. Berkley Corp (NYSE:WRB) by 62.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 154,886 shares of the insurance provider’s stock after selling 262,750 shares during the quarter. Chilton Investment Co. LLC’s holdings in W. R. Berkley were worth $11,098,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in the company. Teacher Retirement System of Texas purchased a new stake in W. R. Berkley during the fourth quarter worth approximately $1,917,000. Wallington Asset Management LLC lifted its stake in W. R. Berkley by 7.2% during the fourth quarter. Wallington Asset Management LLC now owns 84,690 shares of the insurance provider’s stock worth $6,068,000 after purchasing an additional 5,660 shares during the last quarter. ING Groep NV purchased a new stake in W. R. Berkley during the fourth quarter worth approximately $202,000. Alps Advisors Inc. purchased a new stake in W. R. Berkley during the fourth quarter worth approximately $207,000. Finally, Comerica Bank lifted its stake in W. R. Berkley by 1.2% during the fourth quarter. Comerica Bank now owns 76,496 shares of the insurance provider’s stock worth $5,492,000 after purchasing an additional 942 shares during the last quarter. 70.41% of the stock is owned by institutional investors and hedge funds.

Shares of W. R. Berkley Corp (NYSE WRB) opened at $67.76 on Friday. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.45. W. R. Berkley Corp has a 52 week low of $62.00 and a 52 week high of $74.43. The firm has a market capitalization of $8,604.48, a P/E ratio of 15.83, a price-to-earnings-growth ratio of 2.19 and a beta of 0.84.

Several equities research analysts recently weighed in on the company. Royal Bank of Canada restated a “hold” rating on shares of W. R. Berkley in a research note on Wednesday, January 31st. Boenning Scattergood restated a “hold” rating on shares of W. R. Berkley in a research note on Wednesday, January 31st. Zacks Investment Research upgraded W. R. Berkley from a “sell” rating to a “hold” rating in a research note on Monday, November 20th. Deutsche Bank boosted their target price on W. R. Berkley from $65.00 to $66.00 and gave the stock a “hold” rating in a research note on Wednesday, October 25th. Finally, Bank of America boosted their target price on W. R. Berkley from $73.00 to $74.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 25th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the stock. W. R. Berkley currently has an average rating of “Hold” and an average target price of $70.38.

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W. R. Berkley Company 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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