Shares of W.R. Berkley Corporation (NYSE:WRB – Get Free Report) have been given a consensus rating of “Reduce” by the eighteen ratings firms that are presently covering the company, MarketBeat.com reports. Six analysts have rated the stock with a sell recommendation, nine have assigned a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $70.44.
WRB has been the subject of a number of analyst reports. Weiss Ratings cut shares of W.R. Berkley from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, October 2nd. Bank of America reaffirmed an “underperform” rating and set a $68.00 target price (down from $74.00) on shares of W.R. Berkley in a research report on Thursday, July 16th. Evercore reaffirmed an “underperform” rating and set a $68.00 target price on shares of W.R. Berkley in a research report on Friday, July 10th. Truist Financial boosted their price target on W.R. Berkley from $78.00 to $83.00 and gave the stock a “buy” rating in a research note on Tuesday, July 21st. Finally, Wells Fargo & Company reissued an “underweight” rating and issued a $68.00 price target (up from $67.00) on shares of W.R. Berkley in a report on Tuesday, July 21st.
View Our Latest Stock Analysis on W.R. Berkley
Hedge Funds Weigh In On W.R. Berkley
W.R. Berkley Price Performance
WRB opened at $71.87 on Wednesday. The company has a fifty day simple moving average of $69.57 and a 200 day simple moving average of $68.75. The firm has a market cap of $26.68 billion, a price-to-earnings ratio of 14.76, a PEG ratio of 1.70 and a beta of 0.27. W.R. Berkley has a twelve month low of $62.87 and a twelve month high of $78.96. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.29.
W.R. Berkley (NYSE:WRB – Get Free Report) last released its quarterly earnings results on Monday, July 20th. The insurance provider reported $1.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.08 by $0.19. W.R. Berkley had a net margin of 12.94% and a return on equity of 19.44%. The firm had revenue of $3.72 billion for the quarter, compared to the consensus estimate of $3.28 billion. During the same quarter in the previous year, the firm posted $1.05 EPS. The firm’s quarterly revenue was up 2.4% on a year-over-year basis. Equities research analysts expect that W.R. Berkley will post 4.90 EPS for the current fiscal year.
W.R. Berkley Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Monday, September 21st were issued a dividend of $0.10 per share. The ex-dividend date was Monday, September 21st. This represents a $0.40 annualized dividend and a yield of 0.6%. W.R. Berkley’s payout ratio is currently 8.21%.
About W.R. Berkley
W.R. Berkley Corporation is an insurance holding company that specializes in commercial property and casualty insurance and reinsurance. Through a group of operating units, the company provides coverage for businesses and organizations facing risks related to property damage, liability, workers’ compensation, transportation, professional services and other specialty exposures.
The company generally focuses on specialty and complex risks that may require tailored underwriting, industry expertise and customized policy structures.
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