Q3 EPS Estimates for W.R. Berkley Reduced by Zacks Research

W.R. Berkley Corporation (NYSE:WRBFree Report) – Stock analysts at Zacks Research lowered their Q3 2027 earnings estimates for W.R. Berkley in a research report issued on Monday, June 8th. Zacks Research analyst Team now forecasts that the insurance provider will post earnings per share of $1.08 for the quarter, down from their previous forecast of $1.09. The consensus estimate for W.R. Berkley’s current full-year earnings is $4.67 per share. Zacks Research also issued estimates for W.R. Berkley’s FY2027 earnings at $4.72 EPS, Q1 2028 earnings at $1.55 EPS and FY2028 earnings at $5.08 EPS.

W.R. Berkley (NYSE:WRBGet Free Report) last announced its earnings results on Tuesday, April 21st. The insurance provider reported $1.30 earnings per share for the quarter, topping the consensus estimate of $1.13 by $0.17. The company had revenue of $3.69 billion during the quarter, compared to analyst estimates of $3.18 billion. W.R. Berkley had a net margin of 12.64% and a return on equity of 18.92%. W.R. Berkley’s revenue was up 1.3% compared to the same quarter last year. During the same quarter last year, the firm posted $1.01 earnings per share.

WRB has been the subject of several other research reports. Brean Capital lowered shares of W.R. Berkley from a “buy” rating to a “neutral” rating and set a $73.00 price objective for the company. in a research note on Wednesday, March 25th. The Goldman Sachs Group raised shares of W.R. Berkley from a “neutral” rating to a “buy” rating and raised their price objective for the company from $71.00 to $73.00 in a research note on Monday. Cantor Fitzgerald lowered shares of W.R. Berkley from an “overweight” rating to a “neutral” rating and lowered their price objective for the company from $75.00 to $71.00 in a research note on Thursday, April 9th. Evercore reissued an “underperform” rating on shares of W.R. Berkley in a research note on Monday, March 9th. Finally, Argus lowered shares of W.R. Berkley from a “buy” rating to a “hold” rating in a research note on Monday, April 27th. Three equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and four have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Reduce” and an average price target of $68.44.

Read Our Latest Stock Analysis on W.R. Berkley

W.R. Berkley Trading Down 2.6%

Shares of WRB stock opened at $66.76 on Tuesday. The company has a 50-day moving average of $66.44 and a two-hundred day moving average of $68.73. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.36 and a quick ratio of 0.36. W.R. Berkley has a 1-year low of $62.87 and a 1-year high of $78.96. The firm has a market cap of $24.85 billion, a PE ratio of 14.14, a price-to-earnings-growth ratio of 3.24 and a beta of 0.30.

W.R. Berkley Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 2nd. Investors of record on Tuesday, June 23rd will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.6%. This is a positive change from W.R. Berkley’s previous quarterly dividend of $0.09. The ex-dividend date of this dividend is Tuesday, June 23rd. W.R. Berkley’s dividend payout ratio is 7.63%.

Institutional Trading of W.R. Berkley

Several hedge funds have recently added to or reduced their stakes in the company. Mitsui Sumitomo Insurance Co. Ltd. acquired a new stake in W.R. Berkley in the fourth quarter valued at approximately $3,542,919,000. Vanguard Group Inc. raised its holdings in W.R. Berkley by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 37,033,581 shares of the insurance provider’s stock valued at $2,596,795,000 after acquiring an additional 309,828 shares in the last quarter. State Street Corp raised its holdings in W.R. Berkley by 1.0% in the third quarter. State Street Corp now owns 14,921,114 shares of the insurance provider’s stock valued at $1,143,256,000 after acquiring an additional 149,605 shares in the last quarter. Jefferies Financial Group Inc. acquired a new stake in W.R. Berkley in the third quarter valued at approximately $682,816,000. Finally, Norges Bank acquired a new stake in W.R. Berkley during the fourth quarter worth approximately $435,752,000. Institutional investors and hedge funds own 68.82% of the company’s stock.

About W.R. Berkley

(Get Free Report)

W. R. Berkley Corporation (NYSE: WRB) is a publicly traded insurance holding company that underwrites and sells commercial property and casualty insurance, specialty insurance products, and reinsurance. Headquartered in Greenwich, Connecticut, the company operates a portfolio of underwriting businesses that focus on niche and specialty commercial risks, offering coverage tailored to industries such as transportation, construction, professional services and other commercial lines.

The company’s product mix includes primary and excess casualty, property, professional liability, environmental and other specialty lines, together with treaty and facultative reinsurance solutions.

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

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