W. R. Berkley Corp (WRB) : Beacon Financial Group reduced its stake in W. R. Berkley Corp by 3.97% during the most recent quarter end. The investment management company now holds a total of 61,281 shares of W. R. Berkley Corp which is valued at $3.5 Million after selling 2,536 shares in W. R. Berkley Corp according to a report filed by the company on Apr 1, 2016 with the SEC.W. R. Berkley Corp makes up approximately 0.75% of Beacon Financial Group’s portfolio.
On the company’s financial health, W. R. Berkley Corp reported $0.85 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Feb 2, 2016. Analyst had a consensus of $0.80. The company had revenue of $1811.10 million for the quarter, compared to analysts expectations of $1767.30 million. The company’s revenue was up 1.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.73 EPS.
Many Wall Street Analysts have commented on W. R. Berkley Corp. Shares were Reiterated by RBC Capital Mkts on Feb 3, 2016 to “Sector Perform” and Lowered the Price Target to $ 54 from a previous price target of $57 .W. R. Berkley Corp was Upgraded by Morgan Stanley to ” Equal-Weight” on Jan 21, 2016.
W. R. Berkley Corp closed down -0.24 points or -0.43% at $55.18 with 1,97,530 shares getting traded on Monday. Post opening the session at $55.57, the shares hit an intraday low of $55.08 and an intraday high of $55.76 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
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 Companys 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.