FY2024 EPS Estimates for W. R. Berkley Lowered by Analyst

W. R. Berkley Co. (NYSE:WRB) – Zacks Research cut their FY2024 earnings estimates for W. R. Berkley in a research report issued on Monday, November 11th. Zacks Research analyst T. De now anticipates that the insurance provider will post earnings of $3.94 per share for the year, down from their previous forecast of $3.97. 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 Q1 2025 earnings at $1.06 EPS, Q3 2025 earnings at $1.02 EPS, Q4 2025 earnings at $1.16 EPS, Q3 2026 earnings at $1.01 EPS and FY2026 earnings at $4.55 EPS.

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

Other analysts also recently issued research reports about the stock. StockNews.com raised shares of W. R. Berkley from a “hold” rating to a “buy” rating in a research report on Tuesday. Wells Fargo & Company lifted their price target on shares of W. R. Berkley from $63.00 to $68.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 22nd. UBS Group upped their price objective on shares of W. R. Berkley from $67.00 to $69.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. Truist Financial lifted their target price on W. R. Berkley from $64.00 to $68.00 and gave the stock a “buy” rating in a research report on Thursday, October 17th. Finally, Bank of America increased their price target on W. R. Berkley from $73.00 to $76.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $63.08.

W. R. Berkley Stock Performance

Shares of NYSE:WRB opened at $60.40 on Tuesday. The business’s 50-day simple moving average is $58.42 and its 200 day simple moving average is $55.96. The company has a market cap of $23.02 billion, a P/E ratio of 15.47, a PEG ratio of 1.20 and a beta of 0.62. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.38 and a current ratio of 0.36. W. R. Berkley has a one year low of $45.30 and a one year high of $61.96.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of WRB. Sanctuary Advisors LLC acquired a new stake in W. R. Berkley during the second quarter worth about $4,801,000. Prudential PLC lifted its holdings in shares of W. R. Berkley by 205.9% in the 2nd quarter. Prudential PLC now owns 68,526 shares of the insurance provider’s stock worth $5,385,000 after purchasing an additional 46,125 shares during the last quarter. Stoneridge Investment Partners LLC acquired a new position in W. R. Berkley during the 2nd quarter valued at approximately $3,245,000. CHB Investment Group LLC bought a new position in W. R. Berkley during the 3rd quarter worth $2,880,000. Finally, Markel Group Inc. increased its position in W. R. Berkley by 50.0% in the third quarter. Markel Group Inc. now owns 60,750 shares of the insurance provider’s stock worth $3,446,000 after buying an additional 20,250 shares during the period. 68.82% of the stock is currently owned by institutional investors.

W. R. Berkley Dividend Announcement

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

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.