Q4 2022 EPS Estimates for W. R. Berkley Co. Decreased by Analyst (NYSE:WRB)

W. R. Berkley Co. (NYSE:WRBGet Rating) – Investment analysts at Truist Financial dropped their Q4 2022 EPS estimates for shares of W. R. Berkley in a report released on Tuesday, April 12th. Truist Financial analyst M. Hughes now forecasts that the insurance provider will post earnings of $0.98 per share for the quarter, down from their prior estimate of $0.99. Truist Financial also issued estimates for W. R. Berkley’s Q2 2023 earnings at $1.06 EPS, Q4 2023 earnings at $1.15 EPS and FY2023 earnings at $4.35 EPS.

A number of other brokerages have also recently issued reports on WRB. Zacks Investment Research cut shares of W. R. Berkley from a “buy” rating to a “hold” rating and set a $70.00 price objective for the company. in a report on Wednesday, April 6th. Evercore ISI assumed coverage on shares of W. R. Berkley in a report on Thursday, December 16th. They set an “outperform” rating and a $65.33 price target for the company. StockNews.com assumed coverage on shares of W. R. Berkley in a report on Thursday, March 31st. They set a “hold” rating for the company. Wolfe Research upgraded shares of W. R. Berkley from a “market perform” rating to an “outperform” rating and set a $70.67 price target for the company in a report on Thursday, February 3rd. Finally, Morgan Stanley decreased their price target on shares of W. R. Berkley from $99.00 to $67.00 and set an “equal weight” rating for the company in a report on Thursday. Six equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $65.28.

Shares of NYSE:WRB opened at $68.22 on Thursday. The stock has a market capitalization of $18.09 billion, a PE ratio of 18.64, a P/E/G ratio of 2.08 and a beta of 0.80. W. R. Berkley has a 1 year low of $47.13 and a 1 year high of $68.94. The firm has a fifty day moving average price of $63.82 and a 200 day moving average price of $57.28. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.49.

W. R. Berkley (NYSE:WRBGet Rating) last issued its quarterly earnings data on Thursday, January 27th. The insurance provider reported $1.02 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.81 by $0.21. The firm had revenue of $2.20 billion during the quarter, compared to analysts’ expectations of $2.15 billion. W. R. Berkley had a net margin of 10.81% and a return on equity of 14.45%. W. R. Berkley’s revenue for the quarter was up 21.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.61 earnings per share.

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 23rd. Investors of record on Wednesday, March 9th were paid a $0.0867 dividend. This represents a $0.35 annualized dividend and a dividend yield of 0.51%. The ex-dividend date of this dividend was Tuesday, March 8th. W. R. Berkley’s payout ratio is presently 9.56%.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Liberty Wealth Management LLC lifted its stake in shares of W. R. Berkley by 1,431.8% in the third quarter. Liberty Wealth Management LLC now owns 337 shares of the insurance provider’s stock valued at $26,000 after buying an additional 315 shares during the period. Consolidated Planning Corp acquired a new position in W. R. Berkley in the third quarter worth about $25,000. Covestor Ltd acquired a new position in W. R. Berkley in the fourth quarter worth about $36,000. Quent Capital LLC acquired a new position in W. R. Berkley in the fourth quarter worth about $46,000. Finally, JFS Wealth Advisors LLC acquired a new position in W. R. Berkley in the third quarter worth about $56,000. Institutional investors and hedge funds own 74.74% of the company’s stock.

About W. R. Berkley (Get Rating)

W. R. Berkley Corporation, an insurance holding company, operates as a commercial lines writer in the United States and internationally. It operates in two segments, Insurance and Reinsurance & Monoline Excess. The Insurance segment underwrites commercial insurance business, including premises operations, commercial automobile, property, products liability, and general and professional liability lines.

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Earnings History and Estimates for W. R. Berkley (NYSE:WRB)

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