Godshalk Welsh Capital Management buys $1.2 Million stake in W. R. Berkley Corp (WRB)

W. R. Berkley Corp (WRB) : Godshalk Welsh Capital Management scooped up 450 additional shares in W. R. Berkley Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 13, 2016. The investment management firm now holds a total of 21,000 shares of W. R. Berkley Corp which is valued at $1.2 Million.W. R. Berkley Corp makes up approximately 1.24% of Godshalk Welsh Capital Management’s portfolio.

Other Hedge Funds, Including , Dimensional Fund Advisors Lp reduced its stake in WRB by selling 68,454 shares or 3.52% in the most recent quarter. The Hedge Fund company now holds 1,878,675 shares of WRB which is valued at $105.4 Million. W. R. Berkley Corp makes up approx 0.06% of Dimensional Fund Advisors Lp’s portfolio.Proshare Advisors reduced its stake in WRB by selling 1,869 shares or 7.39% in the most recent quarter. The Hedge Fund company now holds 23,439 shares of WRB which is valued at $1.3 Million. W. R. Berkley Corp makes up approx 0.02% of Proshare Advisors’s portfolio.Andra Ap-fonden reduced its stake in WRB by selling 800 shares or 0.43% in the most recent quarter. The Hedge Fund company now holds 187,300 shares of WRB which is valued at $10.3 Million. W. R. Berkley Corp makes up approx 0.28% of Andra Ap-fonden’s portfolio.Mitsubishi Ufj Kokusai Asset Management Ltd. boosted its stake in WRB in the latest quarter, The investment management firm added 1,181 additional shares and now holds a total of 13,522 shares of W. R. Berkley Corp which is valued at $743,304. W. R. Berkley Corp makes up approx 0.02% of Mitsubishi Ufj Kokusai Asset Management Ltd.’s portfolio.

W. R. Berkley Corp opened for trading at $56.48 and hit $56.69 on the upside on Wednesday, eventually ending the session at $56.5, with a gain of 0.05% or 0.03 points. The heightened volatility saw the trading volume jump to 4,34,062 shares. Company has a market cap of $6,927 M.

On the company’s financial health, W. R. Berkley Corp reported $0.89 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Apr 26, 2016. Analyst had a consensus of $0.85. The company had revenue of $1807.21 million for the quarter, compared to analysts expectations of $1556.40 million. The company’s revenue was up 3.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.80 EPS.

Many Wall Street Analysts have commented on W. R. Berkley Corp. Company shares were Reiterated by RBC Capital Mkts on Apr 27, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 57 from a previous price target of $54 .

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 Company’s 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.

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