Jennison Associates LLC Sells 30,337 Shares of W. R. Berkley Corp (WRB)

Jennison Associates LLC Sells 30,337 Shares of W. R. Berkley Corp (WRB)

Jennison Associates LLC cut its position in W. R. Berkley Corp (NYSE:WRB) by 4.6% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 626,470 shares of the insurance provider’s stock after selling 30,337 shares during the period. Jennison Associates LLC owned 0.52% of W. R. Berkley Corp worth $44,248,000 as of its most recent filing with the SEC.

Other institutional investors also recently made changes to their positions in the company. Dynamic Capital Management Ltd bought a new position in shares of W. R. Berkley Corp during the third quarter worth approximately $2,185,000. BB&T Securities LLC bought a new position in shares of W. R. Berkley Corp during the third quarter worth approximately $213,000. America First Investment Advisors LLC boosted its position in shares of W. R. Berkley Corp by 2.6% in the third quarter. America First Investment Advisors LLC now owns 179,967 shares of the insurance provider’s stock worth $10,395,000 after buying an additional 4,577 shares in the last quarter. California State Teachers Retirement System boosted its position in shares of W. R. Berkley Corp by 0.9% in the third quarter. California State Teachers Retirement System now owns 210,342 shares of the insurance provider’s stock worth $12,149,000 after buying an additional 1,800 shares in the last quarter. Finally, Hancock Holding Co. boosted its position in shares of W. R. Berkley Corp by 6.5% in the third quarter. Hancock Holding Co. now owns 278,533 shares of the insurance provider’s stock worth $16,088,000 after buying an additional 16,942 shares in the last quarter. 71.79% of the stock is currently owned by institutional investors.

W. R. Berkley Corp (NYSE:WRB) traded down 0.18% during midday trading on Friday, reaching $67.50. The company’s stock had a trading volume of 275,016 shares. The stock’s 50 day moving average price is $69.31 and its 200-day moving average price is $66.17. W. R. Berkley Corp has a one year low of $54.56 and a one year high of $73.17. The stock has a market cap of $8.18 billion, a price-to-earnings ratio of 14.33 and a beta of 0.73.

A number of equities analysts recently commented on the company. Boenning Scattergood reaffirmed a “neutral” rating on shares of W. R. Berkley Corp in a report on Thursday, March 2nd. Zacks Investment Research cut W. R. Berkley Corp from a “hold” rating to a “strong sell” rating in a report on Thursday, March 30th. Macquarie raised W. R. Berkley Corp from an “underperform” rating to an “outperform” rating in a report on Tuesday, January 17th. Finally, Langen Mcalenn reaffirmed a “neutral” rating on shares of W. R. Berkley Corp in a report on Tuesday, January 31st. Two research analysts have rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the stock. W. R. Berkley Corp has an average rating of “Hold” and a consensus price target of $61.17.

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.

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).

Related posts

Leave a Comment