Q4 EPS Estimates for W. R. Berkley Lowered by Zacks Research

W. R. Berkley Co. (NYSE:WRB) – Zacks Research lowered their Q4 2024 earnings per share estimates for W. R. Berkley in a research report issued on Monday, November 11th. Zacks Research analyst T. De now forecasts that the insurance provider will post earnings per share of $0.93 for the quarter, down from their prior estimate of $0.97. The consensus estimate for W. R. Berkley’s current full-year earnings is $3.96 per share. Zacks Research also issued estimates for W. R. Berkley’s Q2 2025 earnings at $1.05 EPS, FY2025 earnings at $4.28 EPS, Q1 2026 earnings at $1.12 EPS and Q2 2026 earnings at $1.18 EPS.

W. R. Berkley (NYSE:WRB) last issued its earnings results on Monday, October 21st. The insurance provider reported $0.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.92 by $0.01. The company had revenue of $2.93 billion for the quarter, compared to analysts’ expectations of $2.93 billion. W. R. Berkley had a return on equity of 20.41% and a net margin of 11.96%. W. R. Berkley’s quarterly revenue was up 10.8% compared to the same quarter last year. During the same period last year, the business earned $0.90 EPS.

WRB has been the topic of several other research reports. Wells Fargo & Company raised their price target on shares of W. R. Berkley from $63.00 to $68.00 and gave the company an “overweight” rating in a research report on Tuesday, October 22nd. Bank of America lifted their target price on W. R. Berkley from $73.00 to $76.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. Truist Financial increased their price target on W. R. Berkley from $64.00 to $68.00 and gave the company a “buy” rating in a research report on Thursday, October 17th. Royal Bank of Canada lifted their price objective on shares of W. R. Berkley from $57.00 to $63.00 and gave the stock a “sector perform” rating in a report on Tuesday, October 22nd. Finally, Jefferies Financial Group increased their target price on shares of W. R. Berkley from $53.00 to $57.00 and gave the company a “hold” rating in a report on Wednesday, October 9th. One analyst has rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, W. R. Berkley currently has a consensus rating of “Hold” and a consensus price target of $63.08.

W. R. Berkley Stock Down 0.3 %

W. R. Berkley stock opened at $60.25 on Wednesday. The firm has a market capitalization of $22.96 billion, a price-to-earnings ratio of 15.44, a price-to-earnings-growth ratio of 1.20 and a beta of 0.62. The firm’s fifty day moving average price is $58.42 and its two-hundred day moving average price is $56.03. W. R. Berkley has a 1-year low of $45.30 and a 1-year high of $61.96. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 0.34.

Hedge Funds Weigh In On W. R. Berkley

Institutional investors and hedge funds have recently bought and sold shares of the company. Sanctuary Advisors LLC bought a new position in shares of W. R. Berkley during the 2nd quarter worth $4,801,000. Prudential PLC lifted its holdings in W. R. Berkley by 205.9% during the second quarter. Prudential PLC now owns 68,526 shares of the insurance provider’s stock valued at $5,385,000 after purchasing an additional 46,125 shares during the last quarter. Stoneridge Investment Partners LLC bought a new position in W. R. Berkley during the second quarter worth about $3,245,000. CHB Investment Group LLC purchased a new position in shares of W. R. Berkley in the third quarter worth about $2,880,000. Finally, Markel Group Inc. raised its position in shares of W. R. Berkley by 50.0% in the third quarter. Markel Group Inc. now owns 60,750 shares of the insurance provider’s stock valued at $3,446,000 after purchasing an additional 20,250 shares during the period. 68.82% of the stock is owned by institutional investors.

W. R. Berkley Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 23rd were given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.53%. The ex-dividend date was Monday, September 23rd. W. R. Berkley’s dividend payout ratio is currently 8.20%.

About W. R. Berkley

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.