W. R. Berkley (NYSE:WRB) Downgraded to Hold at StockNews.com

W. R. Berkley (NYSE:WRB) was downgraded by stock analysts at StockNews.com from a “buy” rating to a “hold” rating in a report issued on Thursday.

WRB has been the subject of several other reports. Wells Fargo & Company raised their price target on W. R. Berkley from $92.00 to $99.00 and gave the company an “overweight” rating in a report on Thursday. BMO Capital Markets raised their price target on W. R. Berkley from $71.00 to $81.00 and gave the company a “market perform” rating in a report on Friday, January 26th. Royal Bank of Canada raised their price target on W. R. Berkley from $73.00 to $79.00 and gave the company a “sector perform” rating in a report on Thursday, January 25th. Truist Financial raised their price target on W. R. Berkley from $83.00 to $95.00 and gave the company a “buy” rating in a report on Thursday, January 25th. Finally, Keefe, Bruyette & Woods raised their price target on W. R. Berkley from $85.00 to $88.00 and gave the company a “market perform” rating in a report on Wednesday. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, W. R. Berkley has an average rating of “Moderate Buy” and a consensus target price of $89.22.

W. R. Berkley Trading Down 0.0 %

NYSE:WRB opened at $82.15 on Thursday. The stock’s 50 day simple moving average is $84.39 and its 200-day simple moving average is $75.05. W. R. Berkley has a 12-month low of $55.50 and a 12-month high of $89.18. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.38. The firm has a market cap of $21.08 billion, a P/E ratio of 16.15, a PEG ratio of 1.56 and a beta of 0.57.

W. R. Berkley (NYSE:WRB) last issued its earnings results on Wednesday, January 24th. The insurance provider reported $1.45 earnings per share for the quarter, beating the consensus estimate of $1.35 by $0.10. The business had revenue of $3.22 billion for the quarter, compared to the consensus estimate of $2.70 billion. W. R. Berkley had a net margin of 11.38% and a return on equity of 19.03%. The business’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.16 earnings per share. Equities analysts anticipate that W. R. Berkley will post 5.99 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. EULAV Asset Management lifted its holdings in W. R. Berkley by 4.4% during the 3rd quarter. EULAV Asset Management now owns 945,260 shares of the insurance provider’s stock worth $60,015,000 after buying an additional 39,716 shares during the period. NatWest Group plc acquired a new stake in shares of W. R. Berkley during the fourth quarter worth $8,791,000. Asset Management One Co. Ltd. raised its stake in W. R. Berkley by 14.9% during the fourth quarter. Asset Management One Co. Ltd. now owns 105,411 shares of the insurance provider’s stock worth $7,423,000 after buying an additional 13,675 shares during the last quarter. Atria Investments Inc lifted its holdings in W. R. Berkley by 21.5% in the third quarter. Atria Investments Inc now owns 43,321 shares of the insurance provider’s stock valued at $2,750,000 after buying an additional 7,656 shares during the period. Finally, Principal Financial Group Inc. boosted its position in W. R. Berkley by 4.2% during the third quarter. Principal Financial Group Inc. now owns 243,652 shares of the insurance provider’s stock valued at $15,469,000 after acquiring an additional 9,792 shares during the last quarter. Institutional investors and hedge funds own 68.82% of the company’s stock.

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.