w. r. berkley corporation, founded in 1967, is one of the nation’s premier commercial lines property casualty insurance providers. each of the operating units in the berkley group participates in a niche market requiring specialized knowledge about a territory or product. our competitive advantage lies in our long-term strategy of decentralized operations, allowing each of our units to identify and respond quickly and effectively to changing market conditions and local customer needs. this decentralized structure provides financial accountability and incentives to local management and enables us to attract and retain the highest caliber professionals. we have the expertise and resources to utilize our strengths in the present environment, and the flexibility to anticipate, innovate and respond to whatever opportunities and challenges the future may hold.
Company profile
Ticker
WRB
Exchange
Website
CEO
W. Robert Berkley
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
Subsidiaries
120dB Films Capital, LLC • 120dB Films Lending, LLC • 52 Lime Street Management Limited • Abercrombie Textiles, LLC • Acadia Insurance Company • Acadia Insurance Group, LLC • Admiral Indemnity Company • Admiral Insurance Company • Admiral Insurance Group, LLC • American Mining Insurance Group, LLC ...
IRS number
221867895
WRB stock data
Latest filings (excl ownership)
10-K
2023 FY
Annual report
23 Feb 24
8-K
W. R. Berkley Corporation Reports Fourth Quarter and Full Year 2023 Results
24 Jan 24
S-3ASR
Automatic shelf registration
3 Nov 23
10-Q
2023 Q3
Quarterly report
3 Nov 23
8-K
W. R. Berkley Corporation Reports Third Quarter Results
23 Oct 23
10-Q
2023 Q2
Quarterly report
3 Aug 23
8-K
W. R. Berkley Corporation Reports Second Quarter Results
20 Jul 23
8-K
Submission of Matters to a Vote of Security Holders
16 Jun 23
10-Q
2022 Q1
Quarterly report
4 May 23
ARS
2022 FY
Annual report to shareholders
28 Apr 23
Transcripts
WRB
Earnings call transcript
2023 Q4
24 Jan 24
WRB
Earnings call transcript
2023 Q3
23 Oct 23
WRB
Earnings call transcript
2023 Q2
20 Jul 23
WRB
Earnings call transcript
2023 Q1
20 Apr 23
WRB
Earnings call transcript
2022 Q4
26 Jan 23
WRB
Earnings call transcript
2022 Q3
24 Oct 22
WRB
Earnings call transcript
2022 Q2
21 Jul 22
WRB
Earnings call transcript
2022 Q1
26 Apr 22
WRB
Earnings call transcript
2021 Q4
28 Jan 22
WRB
Earnings call transcript
2021 Q3
22 Oct 21
Latest ownership filings
13F-HR
Quarterly holdings report by institutional manager
14 Feb 24
SC 13G/A
VANGUARD GROUP INC
13 Feb 24
SC 13G/A
BlackRock Inc.
29 Jan 24
13F-HR
Quarterly holdings report by institutional manager
14 Nov 23
4
Lucille T Sgaglione
17 Aug 23
4
JAMES G SHIEL
17 Aug 23
4
Richard Mark Baio
17 Aug 23
4
WILLIAM R BERKLEY
17 Aug 23
4
WILLIAM R BERKLEY JR
17 Aug 23
4
Philip S Welt
17 Aug 23
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 1.65 bn | 1.65 bn | 1.65 bn | 1.65 bn | 1.65 bn | 1.65 bn |
Cash burn (monthly) | 59.16 mm | (no burn) | (no burn) | (no burn) | (no burn) | (no burn) |
Cash used (since last report) | 333.45 mm | n/a | n/a | n/a | n/a | n/a |
Cash remaining | 1.31 bn | n/a | n/a | n/a | n/a | n/a |
Runway (months of cash) | 22.2 | n/a | n/a | n/a | n/a | n/a |
Institutional ownership, Q3 2023
66.2% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 647 |
Opened positions | 84 |
Closed positions | 67 |
Increased positions | 228 |
Reduced positions | 218 |
13F shares | Current |
---|---|
Total value | 10.79 tn |
Total shares | 169.90 mm |
Total puts | 60.30 k |
Total calls | 43.10 k |
Total put/call ratio | 1.4 |
Largest owners | Shares | Value |
---|---|---|
Vanguard | 24.33 mm | $1.54 tn |
BLK Blackrock | 13.60 mm | $863.71 bn |
MS Morgan Stanley | 13.07 mm | $829.51 bn |
STT State Street | 11.11 mm | $711.83 bn |
JHG Janus Henderson | 8.23 mm | $522.22 bn |
Kayne Anderson Rudnick Investment Management | 6.82 mm | $432.95 bn |
Victory Capital Management | 5.64 mm | $358.04 bn |
Geode Capital Management | 4.66 mm | $295.43 bn |
JPM JPMorgan Chase & Co. | 4.05 mm | $257.39 bn |
First Trust Advisors | 2.97 mm | $188.83 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
15 Aug 23 | Berkley William R JR | Common Stock | Payment of exercise | Dispose F | No | No | 63.14 | 3,758 | 237.28 k | 2,882,432 |
15 Aug 23 | Berkley William R JR | Common Stock | Grant | Acquire A | No | No | 0 | 89,507 | 0.00 | 2,886,190 |
15 Aug 23 | Richard Mark Baio | Common Stock | Payment of exercise | Dispose F | No | No | 63.14 | 564 | 35.61 k | 121,419 |
15 Aug 23 | Richard Mark Baio | Common Stock | Grant | Acquire A | No | No | 0 | 12,274 | 0.00 | 121,983 |
15 Aug 23 | Philip S Welt | Common Stock | Payment of exercise | Dispose F | No | No | 63.14 | 363 | 22.92 k | 112,236 |
15 Aug 23 | Philip S Welt | Common Stock | Grant | Acquire A | No | No | 0 | 7,951 | 0.00 | 112,599 |
15 Aug 23 | Lucille T Sgaglione | Common Stock | Payment of exercise | Dispose F | No | No | 63.14 | 592 | 37.38 k | 139,288 |
15 Aug 23 | Lucille T Sgaglione | Common Stock | Grant | Acquire A | No | No | 0 | 13,084 | 0.00 | 139,880 |
15 Aug 23 | Berkley William R | Common Stock | Payment of exercise | Dispose F | No | No | 63.14 | 3,417 | 215.75 k | 11,422,193 |
15 Aug 23 | Berkley William R | Common Stock | Grant | Acquire A | No | No | 0 | 89,507 | 0.00 | 11,425,610 |
News
Where WR Berkley Stands With Analysts
27 Feb 24
Keefe, Bruyette & Woods Maintains Market Perform on WR Berkley, Raises Price Target to $85
27 Feb 24
Thursday Is Your Last Chance To Buy WR Berkley Before The Dividend Payout
27 Feb 24
UBS Maintains Buy on WR Berkley, Raises Price Target to $93
30 Jan 24
BMO Capital Maintains Market Perform on WR Berkley, Raises Price Target to $81
26 Jan 24