Equities Analysts Set Expectations for W. R. Berkley Co.’s Q1 2023 Earnings (NYSE:WRB)

W. R. Berkley Co. (NYSE:WRBGet Rating) – Equities researchers at Jefferies Financial Group issued their Q1 2023 earnings per share estimates for W. R. Berkley in a research note issued on Monday, April 25th. Jefferies Financial Group analyst Y. Kinar forecasts that the insurance provider will post earnings per share of $1.19 for the quarter. Jefferies Financial Group also issued estimates for W. R. Berkley’s Q2 2023 earnings at $1.18 EPS, Q3 2023 earnings at $1.07 EPS and Q4 2023 earnings at $1.26 EPS.

Other equities research analysts have also recently issued reports about the stock. Royal Bank of Canada upped their price objective on shares of W. R. Berkley from $63.00 to $75.00 in a report on Friday, April 8th. Truist Financial boosted their price objective on W. R. Berkley from $73.33 to $83.00 in a research report on Tuesday. StockNews.com assumed coverage on W. R. Berkley in a research report on Thursday, March 31st. They issued a “hold” rating on the stock. Wells Fargo & Company increased their price objective on W. R. Berkley from $65.00 to $76.00 and gave the company an “overweight” rating in a research report on Tuesday, April 12th. Finally, Morgan Stanley raised their price objective on shares of W. R. Berkley from $44.67 to $67.00 and gave the stock an “equal weight” rating in a research note on Monday. Five research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, W. R. Berkley has an average rating of “Buy” and an average target price of $67.55.

Shares of WRB opened at $68.15 on Thursday. The firm has a market cap of $18.07 billion, a price-to-earnings ratio of 18.62, a price-to-earnings-growth ratio of 2.11 and a beta of 0.80. The company’s fifty day moving average is $65.28 and its 200-day moving average is $58.51. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.49. 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 announced its quarterly earnings data on Monday, April 25th. The insurance provider reported $1.10 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.95 by $0.15. The business had revenue of $2.25 billion during the quarter, compared to analyst estimates of $2.26 billion. W. R. Berkley had a return on equity of 14.45% and a net margin of 10.81%. W. R. Berkley’s quarterly revenue was up 21.6% compared to the same quarter last year. During the same period last year, the company earned $0.72 earnings per share.

Several hedge funds and other institutional investors have recently modified their holdings of the business. Amundi Pioneer Asset Management Inc. increased its position in shares of W. R. Berkley by 70.3% during the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 114,954 shares of the insurance provider’s stock worth $6,494,000 after purchasing an additional 47,470 shares in the last quarter. Morgan Stanley increased its holdings in shares of W. R. Berkley by 52.8% during the second quarter. Morgan Stanley now owns 457,099 shares of the insurance provider’s stock worth $34,022,000 after buying an additional 157,904 shares in the last quarter. Commonwealth Equity Services LLC raised its stake in shares of W. R. Berkley by 6.2% in the third quarter. Commonwealth Equity Services LLC now owns 14,344 shares of the insurance provider’s stock valued at $1,049,000 after acquiring an additional 833 shares during the last quarter. Nordea Investment Management AB boosted its holdings in shares of W. R. Berkley by 113.4% in the 3rd quarter. Nordea Investment Management AB now owns 15,304 shares of the insurance provider’s stock worth $1,134,000 after acquiring an additional 8,134 shares in the last quarter. Finally, Asset Management One Co. Ltd. lifted its position in W. R. Berkley by 1.1% during the 3rd quarter. Asset Management One Co. Ltd. now owns 66,755 shares of the insurance provider’s stock worth $4,885,000 after buying an additional 737 shares in the last quarter. 74.74% of the stock is owned by institutional investors.

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

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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