Oregon Public Employees Retirement Fund boosted its position in shares of W. R. Berkley Corp (NYSE:WRB) by 7,291.0% during the 4th quarter, HoldingsChannel reports. The fund owned 2,803,776 shares of the insurance provider’s stock after buying an additional 2,765,841 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in W. R. Berkley were worth $38,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds also recently modified their holdings of WRB. We Are One Seven LLC bought a new position in shares of W. R. Berkley in the fourth quarter valued at about $52,000. Quantamental Technologies LLC bought a new position in shares of W. R. Berkley in the fourth quarter valued at about $83,000. Truvestments Capital LLC bought a new position in shares of W. R. Berkley in the third quarter valued at about $103,000. Evercore Wealth Management LLC bought a new position in shares of W. R. Berkley in the third quarter valued at about $209,000. Finally, CI Global Investments Inc. raised its position in shares of W. R. Berkley by 1,058.6% in the third quarter. CI Global Investments Inc. now owns 2,908 shares of the insurance provider’s stock valued at $232,000 after purchasing an additional 2,657 shares during the period. 72.14% of the stock is currently owned by institutional investors.
Several equities analysts have recently weighed in on the stock. Zacks Investment Research raised shares of W. R. Berkley from a “sell” rating to a “hold” rating in a research report on Monday, January 28th. Morgan Stanley dropped their price objective on shares of W. R. Berkley from $74.00 to $73.00 and set an “equal weight” rating on the stock in a research report on Thursday, January 3rd. Two research analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $77.40.
W. R. Berkley Profile
W. R. Berkley Corporation, an insurance holding company, operates as a commercial lines writer in the United States and internationally. It operates through two segments, Insurance and Reinsurance. The Insurance segment underwrites commercial insurance business, including premises operations, commercial automobile, property, products liability, and professional liability lines.
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