W. R. BERKLEY CORP
At today's price, W. R. BERKLEY CORP (WRB) is priced for 16.4% return on equity. boothcheck doesn't publish a fair value or a price target; it shows what the price assumes, so you can judge whether that bar is too high. Built from SEC EDGAR filings.
- The moat is underwriting discipline: a 90.7 percent consolidated combined ratio and a 21.2 percent ROE in Q1 2026, with record operating income of 514.3 million dollars and record net investment income of 404.3 million dollars, more than double the cost of equity. - Management protects margin over volume: it shrank its reinsurance book by walking away from competitive pricing while still growing insurance premiums 3.2 percent, the signature of a return-on-capital culture. - The risk is the tur
Is WRB overvalued? See what's priced in →
896 institutional managers reported holding WRB in 13F filings for the quarter ended 2026-03-31. Together they hold about 70% of the company; the top 10 hold 44%. 80 opened new positions that quarter. Held by Vanguard Group, BlackRock, State Street, among others. On the short side, 18.8M shares were sold short as of the 2026-06-15 count, about 5% of shares outstanding (8.8 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
WRB has cut its share count 5.8% over the past five years, spending $1.60B on repurchases. It pays a dividend, and has paid one every year in our records (17 and counting), raised 3 years straight; the current rate is $1.85 a share annually. Cash returned over the past three years: $1.58B in dividends and $985.85M in repurchases.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
No open-market insider buys on file at WRB over the trailing three years. Absence is a fact about the company, not a signal. 14 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
WRB's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-08-04 | +1.6% | +3.3% |
| 2023-11-04 | +5.5% | +9.6% |
| 2024-02-24 | +8.4% | -10.2% |
| 2024-05-04 | -6.7% | +0.1% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
WRB's latest 8-K filings: 2026-06-26 (items 5.02); 2026-06-11 (items 1.01, 2.03, 9.01); 2026-06-10 (items 8.01, 9.01); 2026-06-05 (items 5.07); 2026-04-21 (items 2.02, 9.01).
Item codes are the SEC's own classification of what each report discloses. Nothing here is investment advice.
Last analyzed: June 28, 2026
Each week boothcheck ranks the stocks whose prices are betting on the most. Read the most stretched bets archive →
boothcheck is also on Android. Get the app on Google Play →
For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.