W. R. Berkley (WRB) Projected to Post Earnings on Monday

W. R. Berkley (NYSE:WRB) will likely be announcing its earnings results after the market closes on Monday, April 21st. Analysts expect W. R. Berkley to post earnings of $1.08 per share and revenue of $3.01 billion for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.

W. R. Berkley (NYSE:WRB) last released its earnings results on Monday, January 27th. The insurance provider reported $1.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.95 by $0.18. W. R. Berkley had a net margin of 12.88% and a return on equity of 20.83%. On average, analysts expect W. R. Berkley to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

W. R. Berkley Stock Performance

Shares of WRB opened at $68.53 on Monday. The firm’s fifty day simple moving average is $63.78 and its two-hundred day simple moving average is $61.01. W. R. Berkley has a 12 month low of $50.73 and a 12 month high of $76.38. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 0.34. The stock has a market capitalization of $25.99 billion, a P/E ratio of 15.71, a price-to-earnings-growth ratio of 1.56 and a beta of 0.40.

W. R. Berkley Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Monday, March 3rd were paid a dividend of $0.08 per share. The ex-dividend date was Monday, March 3rd. This represents a $0.32 annualized dividend and a yield of 0.47%. W. R. Berkley’s dividend payout ratio is currently 7.34%.

Institutional Inflows and Outflows

An institutional investor recently raised its position in W. R. Berkley stock. Brighton Jones LLC boosted its position in W. R. Berkley Co. (NYSE:WRB) by 75.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 50,503 shares of the insurance provider’s stock after buying an additional 21,737 shares during the quarter. Brighton Jones LLC’s holdings in W. R. Berkley were worth $2,955,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 68.82% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have recently weighed in on WRB shares. StockNews.com lowered shares of W. R. Berkley from a “buy” rating to a “hold” rating in a research note on Friday. Bank of America reaffirmed a “neutral” rating and issued a $74.00 price target (up from $73.00) on shares of W. R. Berkley in a research note on Tuesday, April 1st. Jefferies Financial Group increased their price objective on shares of W. R. Berkley from $57.00 to $66.00 and gave the stock a “hold” rating in a research report on Friday. Keefe, Bruyette & Woods decreased their target price on W. R. Berkley from $64.00 to $62.00 and set a “market perform” rating for the company in a research report on Wednesday, April 9th. Finally, Truist Financial increased their price target on W. R. Berkley from $68.00 to $80.00 and gave the stock a “buy” rating in a report on Thursday, April 3rd. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $66.59.

About W. R. Berkley

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.