W. R. Berkley Co. (NYSE:WRB) Receives $90.44 Average Target Price from Analysts

Shares of W. R. Berkley Co. (NYSE:WRBGet Free Report) have been assigned a consensus rating of “Hold” from the nine research firms that are currently covering the stock, MarketBeat reports. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1 year price target among brokers that have covered the stock in the last year is $60.30.

Several research analysts have issued reports on the stock. StockNews.com upgraded shares of W. R. Berkley from a “hold” rating to a “buy” rating in a report on Wednesday, July 3rd. Royal Bank of Canada reiterated a “sector perform” rating and set a $57.33 target price on shares of W. R. Berkley in a report on Monday, July 1st. TD Cowen began coverage on shares of W. R. Berkley in a research report on Monday, July 1st. They set a “buy” rating and a $68.67 price target for the company. BMO Capital Markets decreased their price target on shares of W. R. Berkley from $62.00 to $58.00 and set a “market perform” rating for the company in a research report on Wednesday, April 24th. Finally, Evercore ISI increased their price target on shares of W. R. Berkley from $55.33 to $59.33 and gave the company an “in-line” rating in a research report on Thursday, April 11th.

Check Out Our Latest Research Report on WRB

Hedge Funds Weigh In On W. R. Berkley

Several hedge funds and other institutional investors have recently modified their holdings of WRB. International Assets Investment Management LLC purchased a new position in W. R. Berkley during the 4th quarter worth approximately $8,970,000. NatWest Group plc purchased a new position in W. R. Berkley during the 4th quarter worth approximately $8,791,000. Louisiana State Employees Retirement System purchased a new position in W. R. Berkley during the 4th quarter worth approximately $870,000. Financial Strategies Group Inc. raised its position in W. R. Berkley by 29.6% during the 4th quarter. Financial Strategies Group Inc. now owns 53,112 shares of the insurance provider’s stock worth $4,126,000 after buying an additional 12,140 shares during the last quarter. Finally, APG Asset Management US Inc. purchased a new position in W. R. Berkley during the 4th quarter worth approximately $2,878,000. 68.82% of the stock is owned by hedge funds and other institutional investors.

W. R. Berkley Trading Up 1.1 %

NYSE WRB opened at $79.63 on Thursday. The company’s 50-day moving average price is $53.92 and its 200-day moving average price is $53.84. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 0.36. The stock has a market cap of $20.36 billion, a PE ratio of 14.12, a PEG ratio of 1.03 and a beta of 0.61. W. R. Berkley has a 12 month low of $38.53 and a 12 month high of $79.70.

W. R. Berkley (NYSE:WRBGet Free Report) last issued its earnings results on Tuesday, April 23rd. The insurance provider reported $1.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.97 by $0.07. W. R. Berkley had a net margin of 12.23% and a return on equity of 20.51%. The company had revenue of $2.76 billion for the quarter, compared to analysts’ expectations of $2.77 billion. During the same period in the prior year, the business earned $0.67 EPS. The firm’s quarterly revenue was up 11.0% on a year-over-year basis. Equities research analysts forecast that W. R. Berkley will post 5.84 earnings per share for the current year.

W. R. Berkley Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Monday, June 24th were given a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 0.40%. The ex-dividend date was Monday, June 24th. W. R. Berkley’s payout ratio is currently 8.51%.

W. R. Berkley Company Profile

(Get Free Report

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.

Further Reading

Analyst Recommendations for W. R. Berkley (NYSE:WRB)

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