W. R. Berkley Co. (NYSE:WRB – Get Free Report) announced a quarterly dividend on Wednesday, September 11th, Wall Street Journal reports. Stockholders of record on Monday, September 23rd will be given a dividend of 0.08 per share by the insurance provider on Monday, September 30th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.56%. The ex-dividend date is Monday, September 23rd.
W. R. Berkley has increased its dividend by an average of 11.1% annually over the last three years and has raised its dividend annually for the last 23 consecutive years. W. R. Berkley has a payout ratio of 7.4% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect W. R. Berkley to earn $4.26 per share next year, which means the company should continue to be able to cover its $0.32 annual dividend with an expected future payout ratio of 7.5%.
W. R. Berkley Stock Down 0.1 %
Shares of W. R. Berkley stock opened at $57.45 on Friday. The company has a current ratio of 0.38, a quick ratio of 0.38 and a debt-to-equity ratio of 0.36. W. R. Berkley has a 1 year low of $41.37 and a 1 year high of $61.28. The stock has a 50-day moving average price of $56.76 and a 200 day moving average price of $73.16. The company has a market cap of $22.03 billion, a P/E ratio of 15.28, a P/E/G ratio of 1.05 and a beta of 0.62.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently weighed in on WRB shares. The Goldman Sachs Group downgraded shares of W. R. Berkley from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $88.00 to $83.00 in a research note on Thursday, June 13th. Barclays initiated coverage on W. R. Berkley in a report on Wednesday, September 4th. They set an “underweight” rating and a $56.00 price target for the company. Royal Bank of Canada restated a “sector perform” rating and issued a $57.00 price objective on shares of W. R. Berkley in a report on Tuesday, July 23rd. Wells Fargo & Company reduced their target price on shares of W. R. Berkley from $62.00 to $59.00 and set an “overweight” rating for the company in a research note on Tuesday, July 23rd. Finally, Truist Financial increased their price target on shares of W. R. Berkley from $62.00 to $64.00 and gave the stock a “buy” rating in a research note on Tuesday, July 23rd. One analyst has rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $77.70.
View Our Latest Stock Analysis on W. R. Berkley
W. R. Berkley Company Profile
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.
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