PIMCO California Municipal Income Fund II (PCK) Trades at $8.09 After Triangle; Last Week W. R. Berkley (WRB) Coverage

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

PIMCO California Municipal Income Fund II (PCK) formed triangle with $8.74 target or 8.00% above today’s $8.09 share price. PIMCO California Municipal Income Fund II (PCK) has $258.62M valuation. The stock decreased 0.43% or $0.03 during the last trading session, reaching $8.09. About 61,274 shares traded. PIMCO California Municipal Income Fund II (NYSE:PCK) has declined 16.80% since May 18, 2017 and is downtrending. It has underperformed by 28.35% the S&P500.

Among 10 analysts covering W.R. Berkley (NYSE:WRB), 1 have Buy rating, 1 Sell and 8 Hold. Therefore 10% are positive. W.R. Berkley had 24 analyst reports since July 28, 2015 according to SRatingsIntel. The company was maintained on Wednesday, January 31 by RBC Capital Markets. Macquarie Research upgraded the stock to “Outperform” rating in Tuesday, January 17 report. The rating was maintained by RBC Capital Markets with “Hold” on Monday, July 10. The rating was maintained by Keefe Bruyette & Woods on Friday, September 1 with “Hold”. Goldman Sachs downgraded the shares of WRB in report on Tuesday, November 15 to “Neutral” rating. The stock of W. R. Berkley Corporation (NYSE:WRB) has “Equal-Weight” rating given on Thursday, January 21 by Morgan Stanley. The stock has “Neutral” rating by Compass Point on Tuesday, July 28. RBC Capital Markets maintained the stock with “Sector Perform” rating in Tuesday, July 28 report. Keefe Bruyette & Woods maintained W. R. Berkley Corporation (NYSE:WRB) rating on Wednesday, January 31. Keefe Bruyette & Woods has “Hold” rating and $74.0 target. As per Wednesday, October 25, the company rating was maintained by Deutsche Bank. See W. R. Berkley Corporation (NYSE:WRB) latest ratings:

25/04/2018 Broker: RBC Capital Markets Rating: Hold New Target: $76.0000 Maintain
31/01/2018 Broker: Keefe Bruyette & Woods Rating: Hold New Target: $74.0 Maintain
31/01/2018 Broker: RBC Capital Markets Rating: Hold New Target: $74.0 Maintain
21/12/2017 Broker: Keefe Bruyette & Woods Rating: Hold New Target: $72.0 Maintain
04/12/2017 Broker: Keefe Bruyette & Woods Rating: Hold New Target: $70.0 Maintain

Investors sentiment decreased to 1.29 in Q4 2017. Its down 0.28, from 1.57 in 2017Q3. It fall, as 3 investors sold PIMCO California Municipal Income Fund II shares while 4 reduced holdings. 2 funds opened positions while 7 raised stakes. 868,231 shares or 19.47% less from 1.08 million shares in 2017Q3 were reported. Lpl Fin Limited has invested 0% in PIMCO California Municipal Income Fund II (NYSE:PCK). Guggenheim Cap Lc has 0.01% invested in PIMCO California Municipal Income Fund II (NYSE:PCK) for 221,032 shares. Morgan Stanley reported 127,371 shares. Royal Bancorporation Of Canada has invested 0% in PIMCO California Municipal Income Fund II (NYSE:PCK). Stratos Wealth Prns Limited reported 13,015 shares stake. Susquehanna Group Inc Limited Liability Partnership, a Pennsylvania-based fund reported 11,405 shares. Covington Cap reported 2,000 shares. Savings Bank Of America Corp De holds 0% or 52,391 shares in its portfolio. Suntrust Banks has invested 0.01% in PIMCO California Municipal Income Fund II (NYSE:PCK). 26,491 are held by Wells Fargo & Co Mn. Oppenheimer Communications Incorporated holds 0% in PIMCO California Municipal Income Fund II (NYSE:PCK) or 14,771 shares. Cambridge Rech accumulated 56,257 shares. Pure Finance invested 0.05% of its portfolio in PIMCO California Municipal Income Fund II (NYSE:PCK). Citigroup holds 94,637 shares or 0% of its portfolio. Hightower Lc holds 0% in PIMCO California Municipal Income Fund II (NYSE:PCK) or 13,669 shares.

More recent W. R. Berkley Corporation (NYSE:WRB) news were published by: Seekingalpha.com which released: “WR Berkley Corporation’s (WRB) CEO Rob Berkley on Q1 2018 Results – Earnings Call Transcript” on April 25, 2018. Also Benzinga.com published the news titled: “AIG Notches Upgrade Ahead Of Q1 Report On Fundamental Improvements” on April 27, 2018. Nasdaq.com‘s news article titled: “Report: Developing Opportunities within Fluidigm, MaxLinear, Southern National Bancorp of Virginia, Power …” with publication date: April 30, 2018 was also an interesting one.

W. R. Berkley Corporation, an insurance holding company, operates as commercial lines writer in the United States and internationally. The company has market cap of $9.33 billion. It operates through two divisions, Insurance and Reinsurance. It has a 18.01 P/E ratio. The Insurance segment underwrites insurance business, including premises operations, commercial automobile, property, products liability, and professional liability lines.

W. R. Berkley Corporation (NYSE:WRB) Institutional Positions Chart