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 Investivoq's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Investivoq 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 Investivoq's congressional trading dashboard. You can access data on congressional stock trades through the Investivoq 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 Investivoq's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.