Shares of W. R. Berkley Corp (NYSE:WRB) have been assigned a consensus rating of “Hold” from the ten brokerages that are covering the firm. Two equities research analysts have rated the stock with a sell recommendation, seven have given a hold recommendation and one has assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $58.60.
A number of analysts have recently issued reports on WRB shares. Macquarie upgraded W. R. Berkley Corp from an “underperform” rating to an “outperform” rating in a report on Tuesday, January 17th. Zacks Investment Research cut W. R. Berkley Corp from a “hold” rating to a “strong sell” rating in a report on Thursday, March 30th. Boenning Scattergood restated a “neutral” rating on shares of W. R. Berkley Corp in a report on Thursday, March 2nd. Finally, Langen Mcalenn restated a “neutral” rating on shares of W. R. Berkley Corp in a report on Tuesday, January 31st.
W. R. Berkley Corp (NYSE:WRB) traded down 0.34% during trading on Friday, reaching $68.01. 354,189 shares of the company traded hands. The firm has a 50-day moving average price of $70.51 and a 200-day moving average price of $65.36. W. R. Berkley Corp has a 52 week low of $54.56 and a 52 week high of $73.17. The company has a market capitalization of $8.24 billion, a P/E ratio of 14.53 and a beta of 0.73.
W. R. Berkley Corp (NYSE:WRB) last issued its earnings results on Tuesday, January 31st. The insurance provider reported $0.82 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.78 by $0.04. W. R. Berkley Corp had a return on equity of 8.93% and a net margin of 7.86%. The business earned $1.97 billion during the quarter, compared to analysts’ expectations of $1.89 billion. During the same quarter in the previous year, the business earned $0.85 EPS. The company’s revenue for the quarter was up 8.8% on a year-over-year basis. Analysts forecast that W. R. Berkley Corp will post $3.22 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, April 5th. Shareholders of record on Wednesday, March 15th were given a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 0.76%. The ex-dividend date of this dividend was Monday, March 13th. W. R. Berkley Corp’s dividend payout ratio is presently 11.06%.
A number of large investors have recently modified their holdings of the company. Ladenburg Thalmann Financial Services Inc. raised its stake in shares of W. R. Berkley Corp by 7.3% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,002 shares of the insurance provider’s stock valued at $128,000 after buying an additional 137 shares in the last quarter. Sei Investments Co. raised its stake in shares of W. R. Berkley Corp by 1.4% in the third quarter. Sei Investments Co. now owns 2,305 shares of the insurance provider’s stock valued at $133,000 after buying an additional 32 shares in the last quarter. Advisor Group Inc. raised its stake in shares of W. R. Berkley Corp by 12.3% in the third quarter. Advisor Group Inc. now owns 2,402 shares of the insurance provider’s stock valued at $139,000 after buying an additional 263 shares in the last quarter. Trust Co. of Vermont bought a new stake in shares of W. R. Berkley Corp during the third quarter valued at $153,000. Finally, Diligent Investors LLC bought a new stake in shares of W. R. Berkley Corp during the fourth quarter valued at $220,000. 71.79% of the stock is currently owned by hedge funds and other institutional investors.
W. R. Berkley Corp Company Profile
W. R. Berkley Corporation is an insurance holding company. It operates through two segments: Insurance and Reinsurance-Global. The Insurance segment consists of its commercial insurance business operations, comprising excess and surplus lines, and admitted lines, throughout the United States, as well as its insurance business operations in the United Kingdom, Continental Europe, South America, Canada, Mexico, Scandinavia, Asia and Australia.
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