Confluence Investment Management buys $29,473,990 stake in W. R. Berkley Corp (WRB)

W. R. Berkley Corp (WRB) : Confluence Investment Management scooped up 33,558 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 Jul 26, 2016. The investment management firm now holds a total of 504,951 shares of W. R. Berkley Corp which is valued at $29,473,990.W. R. Berkley Corp makes up approximately 0.79% of Confluence Investment Management’s portfolio.

Other Hedge Funds, Including , Speece Thorson Capital Group Inc boosted its stake in WRB in the latest quarter, The investment management firm added 2,097 additional shares and now holds a total of 156,759 shares of W. R. Berkley Corp which is valued at $9,150,023. W. R. Berkley Corp makes up approx 1.96% of Speece Thorson Capital Group Inc’s portfolio.Beacon Financial Group reduced its stake in WRB by selling 2,199 shares or 3.59% in the most recent quarter. The Hedge Fund company now holds 59,082 shares of WRB which is valued at $3,511,243. W. R. Berkley Corp makes up approx 0.74% of Beacon Financial Group’s portfolio. Pensionfund Sabic added WRB to its portfolio by purchasing 26,500 company shares during the most recent quarter which is valued at $1,556,610. W. R. Berkley Corp makes up approx 0.47% of Pensionfund Sabic’s portfolio. Pensionfund Dsm Netherlands added WRB to its portfolio by purchasing 58,000 company shares during the most recent quarter which is valued at $3,406,920. W. R. Berkley Corp makes up approx 0.46% of Pensionfund Dsm Netherlands’s portfolio.

W. R. Berkley Corp closed down -0.47 points or -0.80% at $58.19 with 5,44,011 shares getting traded on Friday. Post opening the session at $58.48, the shares hit an intraday low of $58.18 and an intraday high of $58.599 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

On the company’s financial health, W. R. Berkley Corp reported $0.82 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Jul 25, 2016. Analyst had a consensus of $0.79. The company had revenue of $1559.80 million for the quarter, compared to analysts expectations of $1578.40 million. The company’s revenue was up 4.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.81 EPS.

Many Wall Street Analysts have commented on W. R. Berkley Corp. Company shares were Reiterated by Compass Point on Jul 26, 2016 to “Neutral”, Firm has raised the Price Target to $ 60 from a previous price target of $55 .Company shares were Reiterated by RBC Capital Mkts on Jul 13, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 61 from a previous price target of $57 .

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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