W. R. Berkley Co. (NYSE:WRB – Get Free Report) has earned an average recommendation of “Hold” from the ten ratings firms that are presently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating on the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $77.70.
A number of equities research analysts recently issued reports on WRB shares. TD Cowen assumed coverage on shares of W. R. Berkley in a research report on Monday, July 1st. They set a “buy” rating and a $103.00 target price for the company. Wells Fargo & Company dropped their price objective on shares of W. R. Berkley from $62.00 to $59.00 and set an “overweight” rating for the company in a report on Tuesday, July 23rd. StockNews.com downgraded W. R. Berkley from a “buy” rating to a “hold” rating in a report on Wednesday, September 4th. The Goldman Sachs Group cut W. R. Berkley from a “buy” rating to a “neutral” rating and dropped their price target for the company from $88.00 to $83.00 in a report on Thursday, June 13th. Finally, Truist Financial lifted their price objective on W. R. Berkley from $62.00 to $64.00 and gave the company a “buy” rating in a research report on Tuesday, July 23rd.
Read Our Latest Research Report on W. R. Berkley
Institutional Investors Weigh In On W. R. Berkley
W. R. Berkley Stock Performance
NYSE:WRB opened at $57.44 on Tuesday. The company has a quick ratio of 0.38, a current ratio of 0.38 and a debt-to-equity ratio of 0.36. The firm has a 50-day moving average price of $56.82 and a 200 day moving average price of $72.82. The firm has a market capitalization of $22.03 billion, a PE ratio of 15.28, a price-to-earnings-growth ratio of 1.05 and a beta of 0.62. W. R. Berkley has a 12-month low of $41.37 and a 12-month high of $61.28.
W. R. Berkley (NYSE:WRB – Get Free Report) last posted its earnings results on Monday, July 22nd. The insurance provider reported $1.04 EPS for the quarter, topping the consensus estimate of $0.92 by $0.12. W. R. Berkley had a return on equity of 21.34% and a net margin of 12.05%. The business had revenue of $3.31 billion during the quarter, compared to the consensus estimate of $2.84 billion. During the same quarter last year, the company earned $1.14 EPS. W. R. Berkley’s revenue was up 10.6% on a year-over-year basis. Research analysts anticipate that W. R. Berkley will post 4.03 earnings per share for the current fiscal year.
W. R. Berkley Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Monday, September 23rd will be given a dividend of $0.08 per share. The ex-dividend date is Monday, September 23rd. This represents a $0.32 dividend on an annualized basis and a yield of 0.56%. W. R. Berkley’s payout ratio is presently 8.51%.
W. R. Berkley Company Profile
W. R. Berkley Corporation, an insurance holding company, operates as a commercial lines writers worldwide. It operates in two segments, Insurance and Reinsurance & Monoline Excess. The Insurance segment underwrites commercial insurance business, including excess and surplus lines, admitted lines, and specialty personal lines.
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