W. R. Berkley Shares Fall After Mixed Third-Quarter Results

W. R. Berkley Corporation (WRB) is down 4.3% today. Here is some analysis on what might have caused this price movement.

([s21.q4cdn.com](https://s21.q4cdn.com/514440399/files/content_files/W-R-Berkley-Corporation-Reports-Third-Quarter-2026-Results-2026.pdf))

Analysis: The most likely driver was a mixed reaction to third-quarter results released on October 19, 2026. Core underwriting and investment income were solid, but year-over-year declines in net income, diluted earnings per share, and return on equity may have outweighed the positives and prompted selling.

([s21.q4cdn.com](https://s21.q4cdn.com/514440399/files/content_files/W-R-Berkley-Corporation-Reports-Third-Quarter-2026-Results-2026.pdf))

Details:

Third-quarter net income to common stockholders fell to $446.0 million from $511.0 million a year earlier, while diluted earnings per share declined to $1.14 from $1.28.

Total revenue edged down to $3.74 billion from $3.77 billion, as a swing to net investment losses and lower revenue from non-insurance businesses offset premium growth.

There were still clear strengths in the report: operating income per diluted share rose to $1.17 from $1.10, pre-tax underwriting income in the insurance segment increased 10.6%, and net investment income climbed to $383.5 million.

The broader market was also shaky on October 19, which could have added pressure to a stock facing a closely watched earnings release and after-the-close conference call.

([s21.q4cdn.com](https://s21.q4cdn.com/514440399/files/content_files/W-R-Berkley-Corporation-Reports-Third-Quarter-2026-Results-2026.pdf))

Sources:

W. R. Berkley Investor Relations, SEC, AP News

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

$WRB Hedge Fund Activity

We have seen 419 institutional investors add shares of $WRB stock to their portfolio, and 428 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

• NORGES BANK removed 3,065,747 shares (-49.3%) from their portfolio in Q2 2026, for an estimated $216,227,135
• MORGAN STANLEY removed 2,159,675 shares (-20.7%) from their portfolio in Q2 2026, for an estimated $152,321,877
• JPMORGAN CHASE & CO added 2,154,477 shares (+inf%) to their portfolio in Q2 2026, for an estimated $151,955,262
• SIXTH STREET PARTNERS MANAGEMENT COMPANY, L.P. added 1,917,449 shares (+inf%) to their portfolio in Q2 2026, for an estimated $135,237,677
• AQR CAPITAL MANAGEMENT LLC added 1,832,055 shares (+99.1%) to their portfolio in Q2 2026, for an estimated $129,214,839
• ARROWSTREET CAPITAL, LIMITED PARTNERSHIP added 1,785,433 shares (+222.3%) to their portfolio in Q2 2026, for an estimated $125,926,589
• TWO SIGMA INVESTMENTS, LP added 1,740,369 shares (+637.5%) to their portfolio in Q2 2026, for an estimated $122,748,225

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.

$WRB Congressional Stock Trading

Members of Congress have traded $WRB stock 7 times in the past 6 months. Of those trades, 0 have been purchases and 7 have been sales.

Here’s a breakdown of recent trading of $WRB stock by members of Congress over the last 6 months:

• REPRESENTATIVE GILBERT RAY CISNEROS, JR. has traded it 7 times. They made 0 purchases and 7 sales worth up to $105,000 on 06/05, 05/29, 05/19, 05/14, 05/13, 05/12, 05/07.

To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard. You can access data on congressional stock trades through the Quiver Quantitative API Congress trades endpoint.

$WRB Price Targets

Multiple analysts have issued price targets for $WRB recently. We have seen 9 analysts offer price targets for $WRB in the last 6 months, with a median target of $69.0.

Here are some recent targets:

• Yaron Kinar from Mizuho set a target price of $72.0 on 07/09/2026
• Ryan Tunis from Cantor Fitzgerald set a target price of $74.0 on 07/09/2026
• Elyse Greenspan from Wells Fargo set a target price of $67.0 on 07/09/2026
• Meyer Shields from Keefe, Bruyette & Woods set a target price of $69.0 on 07/08/2026
• Bob Huang from Morgan Stanley set a target price of $75.0 on 07/06/2026
• Alex Scott from Barclays set a target price of $62.0 on 06/12/2026
• Robert Cox from Goldman Sachs set a target price of $73.0 on 06/08/2026

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.