W. R. Berkley Co. (NYSE:WRB – Get Free Report)’s share price fell 4.7% during trading on Tuesday after Keefe, Bruyette & Woods lowered their price target on the stock from $59.00 to $58.00. Keefe, Bruyette & Woods currently has a market perform rating on the stock. W. R. Berkley traded as low as $58.02 and last traded at $58.15. 576,473 shares were traded during mid-day trading, a decline of 68% from the average session volume of 1,794,437 shares. The stock had previously closed at $61.03.
WRB has been the topic of several other research reports. Barclays began coverage on W. R. Berkley in a research note on Wednesday, September 4th. They issued an “underweight” rating and a $56.00 price target on the stock. Royal Bank of Canada upped their price target on W. R. Berkley from $57.00 to $63.00 and gave the company a “sector perform” rating in a research note on Tuesday. Wells Fargo & Company upped their price target on W. R. Berkley from $59.00 to $63.00 and gave the company an “overweight” rating in a research note on Thursday, October 10th. Truist Financial upped their price target on W. R. Berkley from $64.00 to $68.00 and gave the company a “buy” rating in a research note on Thursday, October 17th. Finally, Jefferies Financial Group increased their target price on W. R. Berkley from $53.00 to $57.00 and gave the stock a “hold” rating in a research note on Wednesday, October 9th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $63.08.
View Our Latest Analysis on W. R. Berkley
Institutional Investors Weigh In On W. R. Berkley
W. R. Berkley Trading Down 4.1 %
The firm has a market cap of $22.45 billion, a PE ratio of 15.57, a P/E/G ratio of 1.07 and a beta of 0.62. The company has a current ratio of 0.38, a quick ratio of 0.38 and a debt-to-equity ratio of 0.36. The business has a fifty day moving average price of $58.28 and a 200 day moving average price of $55.55.
W. R. Berkley (NYSE:WRB – Get Free Report) last released its quarterly earnings data on Monday, October 21st. The insurance provider reported $0.93 EPS for the quarter, beating analysts’ consensus estimates of $0.92 by $0.01. W. R. Berkley had a return on equity of 21.34% and a net margin of 12.05%. The business had revenue of $2.93 billion for the quarter, compared to the consensus estimate of $2.93 billion. During the same quarter in the prior year, the business posted $0.90 EPS. The business’s revenue for the quarter was up 10.8% on a year-over-year basis. Analysts forecast that W. R. Berkley Co. will post 4.02 EPS for the current year.
W. R. Berkley Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 23rd were issued a $0.08 dividend. The ex-dividend date was Monday, September 23rd. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.55%. W. R. Berkley’s payout ratio is currently 8.51%.
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.
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