W. R. Berkley Co. (NYSE:WRB) Given Average Rating of “Buy” by Analysts

Shares of W. R. Berkley Co. (NYSE:WRBGet Rating) have been assigned an average rating of “Buy” from the twelve ratings firms that are covering the company, Marketbeat reports. Four analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $67.55.

A number of research analysts have recently issued reports on WRB shares. Royal Bank of Canada lifted their price objective on shares of W. R. Berkley from $63.00 to $75.00 in a research report on Friday, April 8th. Truist Financial lifted their price objective on shares of W. R. Berkley from $73.33 to $83.00 in a research report on Tuesday, April 26th. Wolfe Research upgraded shares of W. R. Berkley from a “market perform” rating to an “outperform” rating and set a $70.67 target price for the company in a research note on Thursday, February 3rd. StockNews.com upgraded shares of W. R. Berkley from a “hold” rating to a “buy” rating in a research note on Thursday, April 28th. Finally, Zacks Investment Research cut shares of W. R. Berkley from a “buy” rating to a “hold” rating and set a $70.00 target price for the company. in a research note on Wednesday, April 6th.

A number of hedge funds and other institutional investors have recently made changes to their positions in WRB. GHP Investment Advisors Inc. lifted its stake in shares of W. R. Berkley by 2.0% in the 3rd quarter. GHP Investment Advisors Inc. now owns 49,537 shares of the insurance provider’s stock valued at $3,625,000 after purchasing an additional 952 shares during the period. Eaton Vance Management lifted its stake in shares of W. R. Berkley by 34.3% in the 3rd quarter. Eaton Vance Management now owns 97,125 shares of the insurance provider’s stock valued at $6,912,000 after purchasing an additional 24,816 shares during the period. Kayne Anderson Rudnick Investment Management LLC lifted its stake in shares of W. R. Berkley by 21.9% in the 3rd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 5,358,324 shares of the insurance provider’s stock valued at $392,123,000 after purchasing an additional 962,043 shares during the period. Public Sector Pension Investment Board lifted its stake in shares of W. R. Berkley by 2.0% in the 3rd quarter. Public Sector Pension Investment Board now owns 23,660 shares of the insurance provider’s stock valued at $1,731,000 after purchasing an additional 475 shares during the period. Finally, Captrust Financial Advisors lifted its stake in shares of W. R. Berkley by 37.8% in the 3rd quarter. Captrust Financial Advisors now owns 15,629 shares of the insurance provider’s stock valued at $1,144,000 after purchasing an additional 4,290 shares during the period. Institutional investors and hedge funds own 49.90% of the company’s stock.

NYSE WRB opened at $66.48 on Friday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.49 and a current ratio of 0.49. The company has a market capitalization of $17.63 billion, a price-to-earnings ratio of 13.40, a price-to-earnings-growth ratio of 1.96 and a beta of 0.75. The company’s 50-day simple moving average is $67.66 and its two-hundred day simple moving average is $60.20. W. R. Berkley has a one year low of $47.13 and a one year high of $71.53.

W. R. Berkley (NYSE:WRBGet Rating) last issued its quarterly earnings data on Monday, April 25th. The insurance provider reported $1.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.92 by $0.18. W. R. Berkley had a net margin of 13.55% and a return on equity of 15.77%. The firm had revenue of $2.25 billion for the quarter, compared to the consensus estimate of $2.26 billion. During the same quarter in the previous year, the firm earned $0.72 EPS. The company’s quarterly revenue was up 21.6% compared to the same quarter last year. Equities analysts expect that W. R. Berkley will post 3.85 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 23rd. Shareholders of record on Wednesday, March 9th were paid a dividend of $0.0867 per share. This represents a $0.35 annualized dividend and a yield of 0.52%. The ex-dividend date was Tuesday, March 8th. W. R. Berkley’s payout ratio is 7.06%.

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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Analyst Recommendations for W. R. Berkley (NYSE:WRB)

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