W. R. Berkley (NYSE:WRB) Posts Earnings Results, Beats Expectations By $0.24 EPS

W. R. Berkley (NYSE:WRB) posted its quarterly earnings data on Monday. The insurance provider reported $1.08 EPS for the quarter, beating the Zacks’ consensus estimate of $0.84 by $0.24, MarketWatch Earnings reports. The business had revenue of $2.48 billion for the quarter, compared to analyst estimates of $1.83 billion. W. R. Berkley had a net margin of 4.57% and a return on equity of 7.55%. The business’s revenue for the quarter was up 46.9% on a year-over-year basis. During the same quarter last year, the business earned $0.69 earnings per share.

Shares of NYSE WRB traded down $0.11 during mid-day trading on Wednesday, reaching $80.56. The company had a trading volume of 1,041,234 shares, compared to its average volume of 828,515. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.45 and a current ratio of 0.45. The company has a market capitalization of $14.29 billion, a price-to-earnings ratio of 45.40, a PEG ratio of 3.10 and a beta of 0.82. The stock has a fifty day moving average of $76.13 and a two-hundred day moving average of $68.13. W. R. Berkley has a 12-month low of $45.25 and a 12-month high of $81.77.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 24th. Shareholders of record on Wednesday, March 10th were paid a dividend of $0.12 per share. The ex-dividend date was Tuesday, March 9th. This represents a $0.48 annualized dividend and a yield of 0.60%. W. R. Berkley’s dividend payout ratio (DPR) is presently 15.84%.

Several research analysts recently weighed in on the company. Credit Suisse Group raised their target price on W. R. Berkley from $68.00 to $73.00 and gave the company an “outperform” rating in a research note on Monday, January 11th. Zacks Investment Research raised shares of W. R. Berkley from a “hold” rating to a “buy” rating and set a $77.00 target price for the company in a research note on Tuesday, March 23rd. UBS Group raised W. R. Berkley from a “neutral” rating to a “buy” rating and upped their price target for the company from $73.00 to $80.00 in a report on Tuesday, March 2nd. Morgan Stanley lifted their target price on W. R. Berkley from $83.00 to $84.00 and gave the stock an “equal weight” rating in a report on Friday, April 16th. Finally, Deutsche Bank Aktiengesellschaft upped their target price on W. R. Berkley from $70.00 to $80.00 and gave the company a “hold” rating in a report on Wednesday. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $76.00.

W. R. Berkley Company Profile

W. R. Berkley Corporation, an insurance holding company, operates as a commercial lines writer in the United States and internationally. It operates in two segments, Insurance and Reinsurance & Monoline Excess. The Insurance segment underwrites commercial insurance business, including premises operations, commercial automobile, property, products liability, and general and professional liability lines.

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Earnings History for W. R. Berkley (NYSE:WRB)

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