1 week Ago By Defense World Staff
W. R. Berkley (NYSE:WRB – Get Free Report) had its target price upped by research analysts at Jefferies Financial Group from $57.
00 to $66.00 in a research note issued to investors on Friday,Benzinga reports. The firm presently has a “hold” rating on the insurance provider’s stock.
Jefferies Financial Group’s target price would suggest a potential downside of 3.70% from the company’s previous close.Several other research analysts have also recently weighed in on WRB.
Barclays increased their price objective on W. R. Berkley from $50.
00 to $52.00 and gave the stock an “underweight” rating in a research report on Tuesday, January 28th. StockNews.
com cut W. R. Berkley from a “buy” rating to a “hold” rating in a research note on Friday.
Truist Financial boosted their price objective on shares of W. R. Berkley from $68.
00 to $80.00 and gave the stock a “buy” rating in a research note on Thursday, April 3rd. Keefe, Bruyette & Woods dropped their target price on shares of W.
R. Berkley from $64.00 to $62.
00 and set a “market perform” rating on the stock in a report on Wednesday. Finally, Royal Bank of Canada reiterated a “sector perform” rating and set a $63.00 target price on shares of W.
R. Berkley in a research report on Tuesday, January 28th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating to the stock.
According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $66.59.
Check Out Our Latest Stock Analysis on WRBW. R. Berkley Stock PerformanceWRB opened at $68.
53 on Friday. The firm has a market capitalization of $25.99 billion, a PE ratio of 15.
71, a PEG ratio of 1.56 and a beta of 0.40.
The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.36 and a current ratio of 0.
36. W. R.
Berkley has a 52-week low of $50.73 and a 52-week high of $76.38.
The business’s 50-day simple moving average is $63.78 and its 200 day simple moving average is $60.98.
W. R. Berkley (NYSE:WRB – Get Free Report) last posted its quarterly earnings results on Monday, January 27th.
The insurance provider reported $1.13 earnings per share (EPS) for the quarter, topping 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%.
As a group, sell-side analysts expect that W. R. Berkley will post 4.
33 earnings per share for the current fiscal year. Hedge Funds Weigh In On W. R.
BerkleyInstitutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its holdings in W.
R. Berkley by 1.5% during the fourth quarter.
Vanguard Group Inc. now owns 36,436,473 shares of the insurance provider’s stock valued at $2,132,262,000 after purchasing an additional 529,294 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC grew its holdings in shares of W.
R. Berkley by 1.0% during the fourth quarter.
Kayne Anderson Rudnick Investment Management LLC now owns 11,722,476 shares of the insurance provider’s stock worth $685,999,000 after purchasing an additional 116,957 shares in the last quarter. Geode Capital Management LLC raised its position in shares of W. R.
Berkley by 1.4% during the 4th quarter. Geode Capital Management LLC now owns 7,694,703 shares of the insurance provider’s stock valued at $449,168,000 after buying an additional 103,350 shares in the last quarter.
JPMorgan Chase & Co. boosted its holdings in shares of W. R.
Berkley by 55.1% in the 3rd quarter. JPMorgan Chase & Co.
now owns 7,366,424 shares of the insurance provider’s stock worth $417,897,000 after purchasing an additional 2,616,227 shares in the last quarter. Finally, The Manufacturers Life Insurance Company raised its stake in shares of W. R.
Berkley by 15.2% during the fourth quarter. The Manufacturers Life Insurance Company now owns 4,787,361 shares of the insurance provider’s stock worth $280,156,000 after acquiring an additional 632,578 shares in the last quarter.
Institutional investors own 68.82% of the company’s stock. W.
R. Berkley Company Profile (Get Free Report)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.
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