Major shareholder Sumitomo Mitsui Insurance increased its stake in W.R. Berkley by acquiring 220,000 shares for approximately $15.65 million, bringing its total holding to 57.89 million shares valued at about $4.12 billion. W.R. Berkley recently declared a quarterly dividend of $0.09 per share and reported Q4 earnings of $1.13 EPS, slightly missing analyst estimates on $3.18 billion in revenue. The company currently holds a “Hold” consensus rating with a target price of $69.67.
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W.R. Berkley (NYSE:WRB) Major Shareholder Sumitomo Insurance Co Mitsui Acquires 220,000 Shares
Major shareholder Sumitomo Mitsui Insurance increased its stake in W.R. Berkley by acquiring 220,000 shares for approximately $15.65 million, bringing its total holding to 57.89 million shares valued at about $4.12 billion. W.R. Berkley recently declared a quarterly dividend of $0.09 per share and reported Q4 earnings of $1.13 EPS, slightly missing analyst estimates on $3.18 billion in revenue. The company currently holds a “Hold” consensus rating with a target price of $69.67.