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WRB W.R. Berkley

Founded in 1967, W. R. Berkley Corporation is an insurance holding company that is among the largest commercial lines writers in the United States and operates worldwide in two segments of the property casualty insurance business: Insurance and Reinsurance & Monoline Excess.

Company profile

Ticker
WRB, WRB-PC, WRB-PE, WRB-PD, WRB-PF, WRB-PG, WRB-PH
Exchange
Website
CEO
W. Robert Berkley
Employees
Incorporated
Location
Fiscal year end
SEC CIK
IRS number
221867895

WRB stock data

(
)

Investment data

Data from SEC filings
Top 50 of 171 long holdings
End of quarter 31 Dec 20
Value
 
#Shares
 
Prev Q
 
Change
%, QoQ
$82.02M 6M NEW
$63.97M 2M NEW
$43.48M 862.84K NEW
$43.33M 1.25M 1.25M 0
$24.03M 275K NEW
$21.05M 437.08K 437.08K 0
$12.72M 308.65K 308.65K 0
$11.05M 1.1M 1.1M 0
$9.26M 157.67K 157.67K 0
$8.61M 840.1K 845.07K -0.6
$7.47M 742.56K 742.56K 0
$7.3M 719.54K NEW
$6.89M 662.44K 662.44K 0
$6.66M 658.91K NEW
$6.42M 614.54K 1.19M -48.2
$6.1M 610.31K 609.82K +0.1
$6.06M 585.9K NEW
$6.05M 591.72K 447.26K +32.3
$5.87M 564.57K 795.22K -29.0
$5.77M 565.96K 532.99K +6.2
$5.7M 548.24K 548.24K 0
$5.24M 265.63K NEW
$5.19M 512.06K 512.06K 0
$5.18M 197.79K 113.21K +74.7
$4.78M 469.26K NEW
$4.72M 466.08K 466.08K 0
$4.4M 425.12K 227.25K +87.1
$4.23M 406.71K NEW
$3.98M 400.03K NEW
$3.83M 364.02K NEW
$3.77M 371.6K 371.6K 0
$3.63M 357.64K NEW
$3.6M 346.97K NEW
$3.54M 348.56K 347.86K +0.2
$3.33M 324.53K 397.39K -18.3
$3.29M 323.02K 323.02K 0
$3.26M 301.54K 301.55K -0.0
$3.17M 304.23K NEW
$3.13M 298.17K NEW
$3.06M 298.17K NEW
$3.05M 303.09K NEW
$3.01M 298.17K NEW
$3M 278.98K 650.39K -57.1
$2.99M 298.17K 298.17K 0
$2.92M 280.31K NEW
$2.87M 273.27K NEW
$2.79M 273.32K NEW
$2.76M 274.37K 437.35K -37.3
$2.73M 250.81K NEW
$2.62M 234.18K 570.1K -58.9
Holdings list only includes long positions. Only includes long positions.

Calendar

18 Feb 21
17 Apr 21
31 Dec 21
Quarter (USD)
Dec 20 Sep 20 Jun 20 Mar 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 20 Dec 19 Dec 18 Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 2.37B 2.37B 2.37B 2.37B 2.37B 2.37B
Cash burn (monthly) 66.36M (positive/no burn) (positive/no burn) (positive/no burn) (positive/no burn) (positive/no burn)
Cash used (since last report) 236.92M n/a n/a n/a n/a n/a
Cash remaining 2.14B n/a n/a n/a n/a n/a
Runway (months of cash) 32.2 n/a n/a n/a n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
4 Jan 21 Leigh Ann Pusey Phantom Stock Common Stock Grant Aquire A No No 65.705 11 722.76 2,547
4 Jan 21 Christopher L Augostini Phantom Stock Common Stock Grant Aquire A No No 65.705 22 1.45K 6,708
4 Jan 21 Mark Ellwood Brockbank Phantom Stock Common Stock Grant Aquire A No No 65.705 22 1.45K 38,301
1 Dec 20 Leigh Ann Pusey Phantom Stock Common Stock Grant Aquire A No No 67.02 18 1.21K 2,536
1 Dec 20 Mark Ellwood Brockbank Phantom Stock Common Stock Grant Aquire A No No 67.02 37 2.48K 38,279

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

69.4% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 488 440 +10.9%
Opened positions 87 64 +35.9%
Closed positions 39 61 -36.1%
Increased positions 153 143 +7.0%
Reduced positions 162 158 +2.5%
13F shares
Current Prev Q Change
Total value 8.17B 7.75B +5.4%
Total shares 123.03M 127.05M -3.2%
Total puts 40.8K 33.2K +22.9%
Total calls 19.3K 38.1K -49.3%
Total put/call ratio 2.1 0.9 +142.6%
Largest owners
Shares Value Change
Vanguard 15.72M $1.04B -1.7%
Atlanta Capital Management Co L L C 10.07M $669.16M -0.1%
BLK Blackrock 9.54M $633.81M -35.2%
STT State Street 6.79M $451.05M -7.6%
JHG Janus Henderson 6.6M $438.62M -0.5%
First Eagle Investment Management 5.7M $378.89M -0.8%
Victory Capital Management 4.35M $288.98M +10.9%
Kayne Anderson Rudnick Investment Management 3.38M $224.45M +14.5%
Geode Capital Management 2.71M $179.82M -2.8%
JPM JPMorgan Chase & Co. 2.22M $147.28M -2.4%
Largest transactions
Shares Bought/sold Change
BLK Blackrock 9.54M -5.18M -35.2%
WRB W.R. Berkley 32.7K -4.53M -99.3%
Norges Bank 1.35M +1.35M NEW
Polar Capital 1.3M +1.3M NEW
POLR Polar Capital 0 -1.15M EXIT
Citadel Advisors 2M +1.14M +131.2%
APG Asset Management 2.21M -743.54K -25.2%
D. E. Shaw & Co. 708.87K +588.17K +487.3%
STT State Street 6.79M -560.8K -7.6%
Balyasny Asset Management 635.64K +542.37K +581.5%

Financial report summary

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Risks
  • Our results may fluctuate as a result of many factors, including cyclical changes in the insurance and reinsurance industry.
  • Changing climate conditions may alter the frequency and increase the severity of catastrophic events and thereby adversely affect our financial condition and results.
  • Our international operations expose us to investment, political and economic risks, including foreign currency and credit risk.
  • The United Kingdom leaving the EU could adversely affect our business.
  • We may be unable to attract and retain key personnel and qualified employees.
  • We are subject to credit risk relating to our policyholders, independent agents and brokers.
  • We are rated by A.M. Best, Standard & Poor's, Moody's, and Fitch, and a decline in these ratings could affect our standing in the insurance industry and cause our sales and earnings to decrease.
  • If market conditions cause reinsurance to be more costly or unavailable, we may be required to bear increased risks or reduce the level of our underwriting commitments.
  • Depending on conditions in the financial markets and the general economy, we may be unable to raise debt or equity capital if needed.
  • We may not find suitable acquisition candidates or new insurance ventures and even if we do, we may not successfully integrate any such acquired companies or successfully invest in such ventures.
  • We could be adversely affected by recent and future changes in U.S. Federal income tax laws.
  • We have invested a portion of our assets in equity securities, merger arbitrage securities, investment funds, private equity, loans and real estate related assets, which are subject to significant volatility and may decline in value.
  • We are an insurance holding company and, therefore, may not be able to receive dividends in needed amounts.
  • Laws and regulations of the jurisdictions in which we conduct business could delay, deter or prevent an attempt to acquire control of us that stockholders might consider to be desirable, and may restrict a stockholder's ability to purchase our common stock.
  • Certain provisions in our organizational documents may have the effect of hindering, delaying or preventing third party takeovers and thus may prevent our stockholders from receiving premium prices for their shares in an unsolicited takeover or make it more difficult for third parties to replace our current management.
Content analysis
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Negative
Uncertain
Constraining
Legalese
Litigous
Readability
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