Cramer Rosenthal Mcglynn Lowers stake in W. R. Berkley Corp (WRB)

W. R. Berkley Corp (WRB) : Cramer Rosenthal Mcglynn reduced its stake in W. R. Berkley Corp by 5.93% during the most recent quarter end. The investment management company now holds a total of 1,142,311 shares of W. R. Berkley Corp which is valued at $66,402,538 after selling 71,995 shares in W. R. Berkley Corp , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.W. R. Berkley Corp makes up approximately 1.03% of Cramer Rosenthal Mcglynn’s portfolio.

Other Hedge Funds, Including , Point72 Asia (hong Kong) Ltd sold out all of its stake in WRB during the most recent quarter. The investment firm sold 200 shares of WRB which is valued $11,626.Delphi Private Advisors boosted its stake in WRB in the latest quarter, The investment management firm added 21 additional shares and now holds a total of 38 shares of W. R. Berkley Corp which is valued at $2,209.Hsbc Holdings Plc reduced its stake in WRB by selling 64,342 shares or 47.05% in the most recent quarter. The Hedge Fund company now holds 72,404 shares of WRB which is valued at $4,208,845. W. R. Berkley Corp makes up approx 0.01% of Hsbc Holdings Plc’s portfolio.New York State Common Retirement Fund boosted its stake in WRB in the latest quarter, The investment management firm added 88,300 additional shares and now holds a total of 474,300 shares of W. R. Berkley Corp which is valued at $27,571,059. W. R. Berkley Corp makes up approx 0.04% of New York State Common Retirement Fund’s portfolio. Strs Ohio sold out all of its stake in WRB during the most recent quarter. The investment firm sold 2,276 shares of WRB which is valued $132,850.

W. R. Berkley Corp opened for trading at $58.49 and hit $58.8 on the upside on Wednesday, eventually ending the session at $58.74, with a gain of 0.41% or 0.24 points. The heightened volatility saw the trading volume jump to 376,858 shares. Company has a market cap of $7,211 M.

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.

Investors should note that on Aug 2, 2016, W. R. Berkley Corp announced a cash dividend of $0.1300. The company’s management has announced Sep 16, 2016 as the ex-dividend date and fixed the record date on Sep 20, 2016. The payable date has been fixed on Oct 5, 2016.

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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