2 weeks Ago By Defense World Staff
W. R. Berkley Co.
( NYSE:WRB – Get Free Report ) has been assigned an average rating of “Hold” from the twelve brokerages that are currently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the company.
The average 1-year target price among brokers that have issued a report on the stock in the last year is $63.08. A number of equities analysts have recently commented on the stock.
Jefferies Financial Group increased their price objective on shares of W. R. Berkley from $53.
00 to $57.00 and gave the stock a “hold” rating in a research note on Wednesday, October 9th. Wells Fargo & Company upped their price target on shares of W.
R. Berkley from $63.00 to $68.
00 and gave the stock an “overweight” rating in a research report on Tuesday, October 22nd. StockNews.com cut shares of W.
R. Berkley from a “buy” rating to a “hold” rating in a research note on Thursday, October 3rd. UBS Group boosted their price objective on shares of W.
R. Berkley from $67.00 to $69.
00 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. Finally, Keefe, Bruyette & Woods cut their target price on shares of W. R.
Berkley from $59.00 to $58.00 and set a “market perform” rating for the company in a research note on Tuesday, October 22nd.
View Our Latest Stock Analysis on W. R. Berkley Institutional Trading of W.
R. Berkley W. R.
Berkley Trading Up 1.2 % Shares of NYSE:WRB opened at $58.21 on Wednesday.
The firm has a market cap of $22.15 billion, a price-to-earnings ratio of 14.93, a PEG ratio of 1.
14 and a beta of 0.62. The company has a quick ratio of 0.
38, a current ratio of 0.38 and a debt-to-equity ratio of 0.36.
W. R. Berkley has a 12 month low of $44.
88 and a 12 month high of $61.96. The company’s fifty day simple moving average is $58.
34 and its 200 day simple moving average is $55.76. W.
R. Berkley ( NYSE:WRB – Get Free Report ) last announced its earnings results on Monday, October 21st. The insurance provider reported $0.
93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.92 by $0.01.
The business had revenue of $2.93 billion for the quarter, compared to analyst estimates of $2.93 billion.
W. R. Berkley had a return on equity of 20.
91% and a net margin of 11.96%. W.
R. Berkley’s revenue for the quarter was up 10.8% compared to the same quarter last year.
During the same quarter last year, the firm earned $0.90 EPS. As a group, research analysts forecast that W.
R. Berkley will post 3.96 EPS for the current fiscal year.
W. R. Berkley Announces Dividend The company also recently announced a quarterly dividend, which was paid on Monday, September 30th.
Stockholders of record on Monday, September 23rd were given a $0.08 dividend. This represents a $0.
32 annualized dividend and a dividend yield of 0.55%. The ex-dividend date was Monday, September 23rd.
W. R. Berkley’s payout ratio is 8.
21%. 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. Featured Stories Five stocks we like better than W.
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