W. R. Berkley (WRB) to Release Earnings on Monday

W. R. Berkley (NYSE:WRB) will likely be posting its quarterly earnings results after the market closes on Monday, January 27th. Analysts expect W. R. Berkley to post earnings of $0.95 per share and revenue of $2,975,728.50 billion for the quarter. Investors that are interested in participating in the company’s conference call can do so using this link.

W. R. Berkley Price Performance

Shares of WRB stock opened at $57.51 on Friday. The company has a market capitalization of $21.91 billion, a PE ratio of 14.73, a price-to-earnings-growth ratio of 1.04 and a beta of 0.67. 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 firm has a fifty day simple moving average of $60.10 and a 200-day simple moving average of $58.67. W. R. Berkley has a twelve month low of $50.73 and a twelve month high of $65.49.

W. R. Berkley Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Monday, December 16th were paid a dividend of $0.08 per share. The ex-dividend date of this dividend was Monday, December 16th. This represents a $0.32 annualized dividend and a yield of 0.56%. W. R. Berkley’s dividend payout ratio (DPR) is 8.20%.

Analysts Set New Price Targets

WRB has been the topic of several recent analyst reports. Bank of America boosted their price objective on W. R. Berkley from $73.00 to $76.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. Evercore ISI raised their price target on shares of W. R. Berkley from $57.00 to $60.00 and gave the stock an “in-line” rating in a report on Tuesday, October 22nd. Morgan Stanley began coverage on shares of W. R. Berkley in a research note on Thursday, December 5th. They set an “equal weight” rating and a $65.00 target price for the company. Barclays reduced their price target on W. R. Berkley from $56.00 to $50.00 and set an “underweight” rating for the company in a report on Monday, January 6th. Finally, Jefferies Financial Group boosted their target price on shares of W. R. Berkley from $53.00 to $57.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $63.74.

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.