W. R. Berkley FY2027 EPS Forecast Boosted by Zacks Research

W. R. Berkley Co. (NYSE:WRB - Free Report) - Analysts at Zacks Research lifted their FY2027 earnings estimates for shares of W. R. Berkley in a research report issued to clients and investors on Tuesday, April 1st. Zacks Research analyst T. De now anticipates that the insurance provider will post earnings of $4.94 per share for the year, up from their previous estimate of $4.93. The consensus estimate for W. R. Berkley's current full-year earnings is $4.33 per share.

W. R. Berkley (NYSE:WRB - Get Free Report) last posted its quarterly earnings data on Monday, January 27th. The insurance provider reported $1.13 earnings per share for the quarter, topping analysts' consensus estimates of $0.95 by $0.18. W. R. Berkley had a net margin of 12.88% and a return on equity of 20.83%.

Other equities research analysts also recently issued reports about the stock. StockNews.com downgraded shares of W. R. Berkley from a "buy" rating to a "hold" rating in a research note on Thursday. Barclays increased their price objective on W. R. Berkley from $50.00 to $52.00 and gave the company an "underweight" rating in a research note on Tuesday, January 28th. Wells Fargo & Company boosted their target price on W. R. Berkley from $67.00 to $70.00 and gave the stock an "overweight" rating in a research note on Tuesday, January 28th. Royal Bank of Canada reiterated a "sector perform" rating and set a $63.00 price target on shares of W. R. Berkley in a report on Tuesday, January 28th. Finally, Truist Financial upped their price objective on shares of W. R. Berkley from $68.00 to $80.00 and gave the company a "buy" rating in a research note on Thursday. One analyst has rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, W. R. Berkley currently has a consensus rating of "Hold" and an average target price of $65.13.

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W. R. Berkley Trading Down 6.8 %

Shares of WRB stock traded down $4.76 on Thursday, hitting $65.53. The stock had a trading volume of 2,853,108 shares, compared to its average volume of 1,785,789. The firm has a market capitalization of $24.85 billion, a P/E ratio of 15.02, a P/E/G ratio of 1.56 and a beta of 0.40. W. R. Berkley has a 1 year low of $50.73 and a 1 year high of $76.38. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.36 and a quick ratio of 0.36. The company's 50 day moving average price is $62.79 and its 200-day moving average price is $60.56.

Institutional Trading of W. R. Berkley

Several hedge funds have recently modified their holdings of the business. Optiver Holding B.V. lifted its stake in shares of W. R. Berkley by 107.3% in the fourth quarter. Optiver Holding B.V. now owns 427 shares of the insurance provider's stock valued at $25,000 after purchasing an additional 221 shares during the period. Whipplewood Advisors LLC purchased a new stake in shares of W. R. Berkley during the 4th quarter worth approximately $35,000. Mpwm Advisory Solutions LLC acquired a new stake in shares of W. R. Berkley in the 4th quarter worth approximately $37,000. Catalyst Capital Advisors LLC purchased a new position in W. R. Berkley in the 4th quarter valued at approximately $42,000. Finally, Colonial Trust Co SC raised its holdings in W. R. Berkley by 79.9% during the fourth quarter. Colonial Trust Co SC now owns 822 shares of the insurance provider's stock worth $48,000 after purchasing an additional 365 shares during the last quarter. 68.82% of the stock is owned by institutional investors and hedge funds.

W. R. Berkley Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Monday, March 3rd were issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.49%. The ex-dividend date was Monday, March 3rd. W. R. Berkley's dividend payout ratio is presently 7.34%.

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.