Dec. 30 at 12:09 PM
$WRB – Second Large Open-Market Buy From the Same 10% Holder
Another notable insider-related disclosure just hit at W. R. Berkley Corp. (
$WRB).
Following the
$42.5M open-market purchase disclosed earlier, Mitsui Sumitomo Insurance Co., Ltd. already a ~10% owner has returned with a second, larger add.
Latest transaction details:
• Buyer: Mitsui Sumitomo Insurance Co., Ltd.
• Shares purchased: 879,573
• Average price:
$70.53
• Capital deployed: ~
$62M
• Transaction type: Open market
Zooming out, this reads as repeat accumulation by the same control-capital holder, stepping back in at higher prices rather than waiting for a pullback.
Taken together, Mitsui Sumitomo has now deployed over
$100M into
$WRB in relatively short order.
Same buyer.
Larger size.
Higher prices.
Posting for tracking and discussion purposes only no inference on outcome.
