W.R. Berkley FY2025 EPS Forecast Raised by Cantor Fitzgerald

W.R. Berkley Corporation (NYSE:WRB) – Equities research analysts at Cantor Fitzgerald increased their FY2025 earnings per share (EPS) estimates for shares of W.R. Berkley in a research note issued to investors on Monday, October 27th. Cantor Fitzgerald analyst R. Tunis now anticipates that the insurance provider will post earnings per share of $4.22 for the year, up from their prior forecast of $4.21. The consensus estimate for W.R. Berkley’s current full-year earnings is $4.33 per share.

WRB has been the topic of a number of other reports. Weiss Ratings restated a “buy (b)” rating on shares of W.R. Berkley in a research note on Wednesday, October 8th. Wolfe Research initiated coverage on W.R. Berkley in a research note on Monday, September 15th. They set a “peer perform” rating for the company. BMO Capital Markets downgraded W.R. Berkley from a “market perform” rating to an “underperform” rating and set a $64.00 price target for the company. in a report on Wednesday, October 22nd. UBS Group set a $87.00 price objective on shares of W.R. Berkley and gave the stock a “buy” rating in a report on Wednesday, October 8th. Finally, Jefferies Financial Group lowered their target price on shares of W.R. Berkley from $76.00 to $75.00 and set a “hold” rating for the company in a report on Tuesday, October 21st. Four research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $74.46.

W.R. Berkley Price Performance

Shares of WRB opened at $71.35 on Wednesday. The firm has a market capitalization of $27.06 billion, a price-to-earnings ratio of 14.99, a PEG ratio of 2.78 and a beta of 0.42. The firm’s fifty day simple moving average is $74.11 and its 200-day simple moving average is $72.30. W.R. Berkley has a twelve month low of $55.97 and a twelve month high of $78.48. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.31.

W.R. Berkley (NYSE:WRB) last issued its earnings results on Monday, October 20th. The insurance provider reported $1.10 earnings per share for the quarter, beating the consensus estimate of $1.07 by $0.03. W.R. Berkley had a net margin of 13.01% and a return on equity of 19.35%. The firm had revenue of $3.16 billion for the quarter, compared to analysts’ expectations of $3.16 billion. During the same quarter last year, the company earned $0.93 earnings per share. The firm’s revenue was up 10.8% compared to the same quarter last year.

W.R. Berkley Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 22nd were issued a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend was Monday, September 22nd. W.R. Berkley’s payout ratio is currently 7.56%.

Institutional Trading of W.R. Berkley

A number of institutional investors have recently modified their holdings of the business. Vanguard Group Inc. lifted its holdings in W.R. Berkley by 1.7% in the second quarter. Vanguard Group Inc. now owns 36,961,788 shares of the insurance provider’s stock valued at $2,715,583,000 after acquiring an additional 625,685 shares during the period. Kayne Anderson Rudnick Investment Management LLC increased its holdings in shares of W.R. Berkley by 0.6% in the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 11,787,639 shares of the insurance provider’s stock valued at $838,808,000 after purchasing an additional 65,163 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of W.R. Berkley by 3.7% in the second quarter. Geode Capital Management LLC now owns 8,189,248 shares of the insurance provider’s stock valued at $599,271,000 after purchasing an additional 289,172 shares during the period. JPMorgan Chase & Co. boosted its holdings in W.R. Berkley by 8.6% during the second quarter. JPMorgan Chase & Co. now owns 7,274,234 shares of the insurance provider’s stock worth $534,438,000 after buying an additional 577,873 shares in the last quarter. Finally, Principal Financial Group Inc. grew its position in W.R. Berkley by 21.8% during the first quarter. Principal Financial Group Inc. now owns 5,022,039 shares of the insurance provider’s stock worth $357,368,000 after buying an additional 900,071 shares during the period. 68.82% of the stock is currently owned by hedge funds and other institutional investors.

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.