Jefferies Financial Group Weighs in on W. R. Berkley Co.’s Q2 2022 Earnings (NYSE:WRB)

W. R. Berkley Co. (NYSE:WRBGet Rating) – Jefferies Financial Group increased their Q2 2022 earnings estimates for shares of W. R. Berkley in a note issued to investors on Monday, April 25th. Jefferies Financial Group analyst Y. Kinar now anticipates that the insurance provider will post earnings per share of $0.96 for the quarter, up from their previous estimate of $0.94. Jefferies Financial Group also issued estimates for W. R. Berkley’s Q3 2022 earnings at $0.88 EPS, Q4 2022 earnings at $1.07 EPS, FY2022 earnings at $4.00 EPS, FY2023 earnings at $4.70 EPS and FY2024 earnings at $5.15 EPS.

WRB has been the topic of several other research reports. StockNews.com assumed coverage on W. R. Berkley in a report on Thursday, March 31st. They set a “hold” rating on the stock. Wells Fargo & Company raised their price objective on W. R. Berkley from $65.00 to $76.00 and gave the stock an “overweight” rating in a report on Tuesday, April 12th. Morgan Stanley raised their price objective on W. R. Berkley from $44.67 to $67.00 and gave the stock an “equal weight” rating in a report on Monday. Truist Financial raised their price target on W. R. Berkley from $73.33 to $83.00 in a report on Tuesday. Finally, Wolfe Research raised W. R. Berkley from a “market perform” rating to an “outperform” rating and set a $70.67 price target on the stock in a report on Thursday, February 3rd. Five investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, W. R. Berkley has a consensus rating of “Buy” and a consensus target price of $67.55.

NYSE:WRB opened at $67.29 on Wednesday. The firm has a market capitalization of $17.84 billion, a PE ratio of 18.39, a price-to-earnings-growth ratio of 2.11 and a beta of 0.80. The business’s fifty day moving average price is $65.11 and its 200 day moving average price is $58.44. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.40 and a quick ratio of 0.40. W. R. Berkley has a 12 month low of $47.13 and a 12 month high of $71.53.

W. R. Berkley (NYSE:WRBGet Rating) last released its quarterly earnings results on Monday, April 25th. The insurance provider reported $1.10 EPS for the quarter, topping analysts’ consensus estimates of $0.95 by $0.15. The company had revenue of $2.25 billion for the quarter, compared to analysts’ expectations of $2.26 billion. W. R. Berkley had a return on equity of 14.45% and a net margin of 10.81%. The firm’s revenue was up 21.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.72 earnings per share.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 23rd. Investors of record on Wednesday, March 9th were given a $0.0867 dividend. The ex-dividend date was Tuesday, March 8th. This represents a $0.35 dividend on an annualized basis and a yield of 0.52%. W. R. Berkley’s payout ratio is currently 9.56%.

Large investors have recently made changes to their positions in the stock. Liberty Wealth Management LLC lifted its position in 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 purchasing an additional 315 shares during the period. Consolidated Planning Corp acquired a new stake in shares of W. R. Berkley during the 3rd quarter valued at approximately $25,000. Covestor Ltd acquired a new stake in shares of W. R. Berkley during the 4th quarter valued at approximately $36,000. Gemmer Asset Management LLC lifted its position in shares of W. R. Berkley by 49.9% during the 1st quarter. Gemmer Asset Management LLC now owns 532 shares of the insurance provider’s stock valued at $35,000 after acquiring an additional 177 shares during the period. Finally, Quent Capital LLC acquired a new stake in shares of W. R. Berkley during the 4th quarter valued at approximately $46,000. Hedge funds and other institutional investors 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.

Recommended Stories

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

Receive News & Ratings for W. R. Berkley Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for W. R. Berkley and related companies with MarketBeat.com's FREE daily email newsletter.