First Eagle Investments’ Leading Contributor: W. R. Berkley Corporation (WRB)

First Eagle Investments, a privately owned asset management company, released its “First Eagle U.S. Value Fund” second quarter 2022 investor letter. A copy of the same can be downloaded here. The U.S. Value Fund A Shared returned -12.26% in the second quarter. Broad-based market conditions impacted the fund’s performance in the quarter. In addition, you can check the top 5 holdings of the fund to know its best picks in 2022.

First Eagle Investments discussed stocks like W. R. Berkley Corporation (NYSE:WRB) in the second quarter investor letter. Headquartered in Greenwich, Connecticut, W. R. Berkley Corporation (NYSE:WRB) is an insurance holding company. On September 19, 2022, W. R. Berkley Corporation (NYSE:WRB) stock closed at $67.56 per share. One-month return of W. R. Berkley Corporation (NYSE:WRB) was 2.85% and its shares gained 41.50% of their value over the last 52 weeks. W. R. Berkley Corporation (NYSE:WRB) has a market capitalization of $17.922 billion.

Here is what First Eagle Investments specifically said about W. R. Berkley Corporation (NYSE:WRB) in its Q2 2022 investor letter:

W. R. Berkley Corporation (NYSE:WRB) is a specialty insurance company based in Connecticut that provides property and casualty insurance and reinsurance products. It reported strong operating results for its most recent quarter, including record underwriting income and net income, as rate increases outpaced expected-loss costs.

Berkely also benefitted from the strong performance of its investment portfolio, which is well-positioned to potentially mitigate the impact of inflation and rising interest rates; notably, the company booked a large pretax gain on the sale of a London real estate investment. The company recently increased its regular dividend and declared a special dividend.”

W. R. Berkley Corporation (NYSE:WRB) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 37 hedge fund portfolios held W. R. Berkley Corporation (NYSE:WRB) at the end of the second quarter which was 34 in the previous quarter.

We discussed W. R. Berkley Corporation (NYSE:WRB) in another article and shared the list of stocks billionaire David Harding is buying in droves. In addition, please check out our hedge fund investor letters Q2 2022 page for more investor letters from hedge funds and other leading investors.

Disclosure: None. This article is originally published at Insider Monkey.