Confluence Investment Management Llc increased its stake in W.R. Berkley Corp. (WRB) by 48.46% based on its latest 2019Q2 regulatory filing with the SEC. Confluence Investment Management Llc bought 221,119 shares as the company’s stock rose 14.10% . The institutional investor held 677,412 shares of the property-casualty insurers company at the end of 2019Q2, valued at $44.66M, up from 456,293 at the end of the previous reported quarter. Confluence Investment Management Llc who had been investing in W.R. Berkley Corp. for a number of months, seems to be bullish on the $12.53B market cap company. The stock increased 0.31% or $0.21 during the last trading session, reaching $68.23. About 18.01 million shares traded or 2561.99% up from the average. W. R. Berkley Corporation (NYSE:WRB) has risen 40.90% since December 4, 2018 and is uptrending. It has outperformed by 40.90% the S&P500.
Confluence Investment Management Llc, which manages about $2.30B and $6.25B US Long portfolio, decreased its stake in Compagnie Financiere Richemont (CFRUY) by 902,120 shares to 5.25M shares, valued at $44.29M in 2019Q2, according to the filing. It also reduced its holding in Graco Inc. (NYSE:GGG) by 129,610 shares in the quarter, leaving it with 2.11M shares, and cut its stake in Microsoft Corp. (NASDAQ:MSFT).
More notable recent W. R. Berkley Corporation (NYSE:WRB) news were published by: Finance.Yahoo.com which released: “Should You Buy Discovery, Inc. (DISCK)? – Yahoo Finance” on December 03, 2019, also Finance.Yahoo.com with their article: “Should You Be Excited About W. R. Berkley Corporation’s (NYSE:WRB) 12% Return On Equity? – Yahoo Finance” published on November 06, 2019, Finance.Yahoo.com published: “Has W. R. Berkley Corporation (NYSE:WRB) Improved Earnings Growth In Recent Times? – Yahoo Finance” on July 24, 2019. More interesting news about W. R. Berkley Corporation (NYSE:WRB) were released by: Businesswire.com and their article: “W. R. Berkley Corporation Combines the Strengths of BerkleyMed and Berkley Healthcare – Business Wire” published on November 22, 2019 as well as Finance.Yahoo.com‘s news article titled: “Were Hedge Funds Right About Piling Into Burlington Stores Inc (BURL) in September? – Yahoo Finance” with publication date: December 03, 2019.
W. R. Berkley Corporation (NYSE:WRB) Ratings Coverage
Among 3 analysts covering W.R. Berkley Corporation Common Stock (NYSE:WRB), 0 have Buy rating, 0 Sell and 3 Hold. Therefore 0 are positive. W.R. Berkley Corporation Common Stock has $7300 highest and $6400 lowest target. $69’s average target is 1.13% above currents $68.23 stock price. W.R. Berkley Corporation Common Stock had 6 analyst reports since June 27, 2019 according to SRatingsIntel. On Wednesday, October 23 the stock rating was maintained by RBC Capital Markets with “Hold”. The rating was maintained by Buckingham Research on Thursday, September 12 with “Neutral”. Morgan Stanley maintained W. R. Berkley Corporation (NYSE:WRB) rating on Wednesday, August 14. Morgan Stanley has “Equal-Weight” rating and $7300 target.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.