5 Best Property & Casualty Insurance Stocks to Buy

4. W.R. Berkley Corporation (NYSE:WRB)

Number of Hedge Fund Holders: 44 

W.R. Berkley Corporation (NYSE:WRB) is an insurance holding company offering property and casualty insurance products. It is based in Greenwich, Connecticut.

RBC Capital’s Mark Dwelle holds an Outperform rating on W.R. Berkley Corporation (NYSE:WRB) shares as of April 21.

W.R. Berkley Corporation (NYSE:WRB) generated revenues of $2.49 billion in the fiscal first quarter of 2023. This represents a growth of 10.78% year-over-year.

There were 44 hedge funds long W.R. Berkley Corporation (NYSE:WRB) in the first quarter. Their total stake value was $624 million.

Madison Investments, an investment advisor, mentioned the company in its first-quarter 2023 investor letter. Here’s what the firm said:

“The bottom five contributors for the quarter were Ross Stores, W. R. Berkley Corporation (NYSE:WRB), Gartner, Glacier Bancorp, and Carlisle. W.R. Berkley is firing on all cylinders – its insurance underwriting profits are growing strongly, and the very short duration it’s maintained in its bond investment portfolio is starting to pay off as it is reinvesting at higher yields.”