Citigroup Inc. increased its stake in W.R. Berkley Corporation by 19.4% in the third quarter, acquiring an additional 64,158 shares to reach a total of 395,036 shares valued at approximately $30.27 million. Insiders now own about 23.30% of the company, with significant recent acquisitions including Sumitomo Insurance buying 370,000 shares worth $24.8 million. W.R. Berkley, which has a market cap of $27.2 billion, trades at a PE of 16.08 and has a consensus “Hold” rating from analysts with a target price of $69.67.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Citigroup Inc. Grows Stock Holdings in W.R. Berkley Corporation $WRB
Citigroup Inc. increased its stake in W.R. Berkley Corporation by 19.4% in the third quarter, acquiring an additional 64,158 shares to reach a total of 395,036 shares valued at approximately $30.27 million. Insiders now own about 23.30% of the company, with significant recent acquisitions including Sumitomo Insurance buying 370,000 shares worth $24.8 million. W.R. Berkley, which has a market cap of $27.2 billion, trades at a PE of 16.08 and has a consensus “Hold” rating from analysts with a target price of $69.67.