W. R. Berkley (NYSE:WRB – Free Report) had its price objective raised by Truist Financial from $64.00 to $68.00 in a research report sent to investors on Thursday morning, Benzinga reports. They currently have a buy rating on the insurance provider’s stock.
Other equities analysts have also recently issued research reports about the stock. Barclays started coverage on shares of W. R. Berkley in a research note on Wednesday, September 4th. They set an “underweight” rating and a $56.00 target price on the stock. Wells Fargo & Company increased their price objective on shares of W. R. Berkley from $59.00 to $63.00 and gave the company an “overweight” rating in a research report on Thursday, October 10th. Bank of America lifted their target price on shares of W. R. Berkley from $65.00 to $73.00 and gave the stock a “buy” rating in a research report on Thursday, October 10th. Royal Bank of Canada reissued a “sector perform” rating and set a $57.00 price target on shares of W. R. Berkley in a report on Tuesday, July 23rd. Finally, UBS Group lifted their price objective on W. R. Berkley from $66.00 to $67.00 and gave the stock a “buy” rating in a report on Tuesday, October 15th. One analyst has rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $61.64.
View Our Latest Research Report on W. R. Berkley
W. R. Berkley Trading Up 0.4 %
W. R. Berkley (NYSE:WRB – Get Free Report) last posted its earnings results on Monday, July 22nd. The insurance provider reported $1.04 EPS for the quarter, topping analysts’ consensus estimates of $0.92 by $0.12. The business had revenue of $3.31 billion during the quarter, compared to analyst estimates of $2.84 billion. W. R. Berkley had a return on equity of 21.34% and a net margin of 12.05%. The company’s quarterly revenue was up 10.6% compared to the same quarter last year. During the same quarter last year, the company earned $1.14 EPS. On average, equities research analysts forecast that W. R. Berkley will post 4.02 earnings per share for the current fiscal year.
W. R. Berkley Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 23rd were issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 0.52%. The ex-dividend date was Monday, September 23rd. W. R. Berkley’s dividend payout ratio is currently 8.51%.
Institutional Trading of W. R. Berkley
A number of hedge funds and other institutional investors have recently modified their holdings of WRB. Armstrong Advisory Group Inc. lifted its stake in shares of W. R. Berkley by 51.0% during the 3rd quarter. Armstrong Advisory Group Inc. now owns 619 shares of the insurance provider’s stock valued at $35,000 after buying an additional 209 shares in the last quarter. Sound Income Strategies LLC lifted its holdings in W. R. Berkley by 563.2% in the 1st quarter. Sound Income Strategies LLC now owns 451 shares of the insurance provider’s stock worth $40,000 after purchasing an additional 383 shares in the last quarter. Quarry LP bought a new position in W. R. Berkley in the 2nd quarter worth approximately $42,000. Kiely Wealth Advisory Group Inc. grew its holdings in W. R. Berkley by 49.9% during the 2nd quarter. Kiely Wealth Advisory Group Inc. now owns 580 shares of the insurance provider’s stock valued at $46,000 after buying an additional 193 shares in the last quarter. Finally, Covestor Ltd raised its position in shares of W. R. Berkley by 173.0% during the first quarter. Covestor Ltd now owns 546 shares of the insurance provider’s stock valued at $48,000 after buying an additional 346 shares during the last quarter. 68.82% of the stock is 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.
See Also
- Five stocks we like better than W. R. Berkley
- How to Invest in the FAANG Stocks
- Misses and Beats: 3 Stocks That Are Moving Markets Right Now
- Insider Selling Explained: Can it Inform Your Investing Choices?
- Cisco on the Rise: AI Potential and Analyst Upgrades Drive Gains
- What Do S&P 500 Stocks Tell Investors About the Market?
- MarketBeat Week in Review – 10/14 – 10/18
Receive News & Ratings for W. R. Berkley Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for W. R. Berkley and related companies with MarketBeat.com's FREE daily email newsletter.