Q3 EPS Estimates for W. R. Berkley Reduced by Zacks Research

W. R. Berkley Co. (NYSE:WRB - Free Report) - Zacks Research decreased their Q3 2024 EPS estimates for shares of W. R. Berkley in a research note issued to investors on Tuesday, October 15th. Zacks Research analyst T. De now expects that the insurance provider will post earnings per share of $0.91 for the quarter, down from their previous estimate of $0.95. The consensus estimate for W. R. Berkley's current full-year earnings is $4.02 per share. Zacks Research also issued estimates for W. R. Berkley's FY2024 earnings at $3.97 EPS, Q2 2025 earnings at $1.04 EPS, Q3 2025 earnings at $1.03 EPS, FY2025 earnings at $4.27 EPS, Q1 2026 earnings at $1.11 EPS, Q3 2026 earnings at $1.11 EPS and FY2026 earnings at $4.62 EPS.

WRB has been the topic of a number of other research reports. TD Cowen started coverage on shares of W. R. Berkley in a research report on Monday, July 1st. They issued a "buy" rating and a $68.67 target price on the stock. Royal Bank of Canada restated a "sector perform" rating and issued a $57.00 target price on shares of W. R. Berkley in a research report on Tuesday, July 23rd. Truist Financial raised their target price on shares of W. R. Berkley from $64.00 to $68.00 and gave the company a "buy" rating in a research report on Thursday. Jefferies Financial Group raised their target price on shares of W. R. Berkley from $53.00 to $57.00 and gave the company a "hold" rating in a research report on Wednesday, October 9th. Finally, Bank of America raised their target price on shares of W. R. Berkley from $65.00 to $73.00 and gave the company a "buy" rating in a research report on Thursday, October 10th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $61.64.

W. R. Berkley Price Performance

Shares of NYSE WRB traded up $0.22 during trading hours on Friday, hitting $61.26. 7,724,275 shares of the stock were exchanged, compared to its average volume of 1,793,264. W. R. Berkley has a 1-year low of $41.82 and a 1-year high of $61.60. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.38 and a current ratio of 0.38. The company has a market cap of $23.49 billion, a PE ratio of 16.23, a price-to-earnings-growth ratio of 1.07 and a beta of 0.62. The company's fifty day simple moving average is $58.08 and its two-hundred day simple moving average is $55.54.

W. R. Berkley (NYSE:WRB - Get Free Report) last posted its quarterly earnings results on Monday, July 22nd. The insurance provider reported $1.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.92 by $0.12. The business had revenue of $3.31 billion for the quarter, compared to analyst estimates of $2.84 billion. W. R. Berkley had a net margin of 12.05% and a return on equity of 21.34%. The firm's revenue for the quarter was up 10.6% on a year-over-year basis. During the same quarter last year, the business posted $1.14 EPS.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Sanctuary Advisors LLC bought a new position in shares of W. R. Berkley in the 2nd quarter worth about $4,801,000. Prudential PLC increased its stake in shares of W. R. Berkley by 205.9% in the 2nd quarter. Prudential PLC now owns 68,526 shares of the insurance provider's stock worth $5,385,000 after acquiring an additional 46,125 shares in the last quarter. Stoneridge Investment Partners LLC bought a new position in shares of W. R. Berkley in the 2nd quarter worth about $3,245,000. ProShare Advisors LLC increased its stake in shares of W. R. Berkley by 25.6% in the 2nd quarter. ProShare Advisors LLC now owns 49,310 shares of the insurance provider's stock worth $3,875,000 after acquiring an additional 10,053 shares in the last quarter. Finally, Canada Pension Plan Investment Board increased its stake in shares of W. R. Berkley by 47.2% in the 2nd quarter. Canada Pension Plan Investment Board now owns 174,543 shares of the insurance provider's stock worth $13,716,000 after acquiring an additional 55,942 shares in the last quarter. 68.82% of the stock is currently owned by institutional investors.

W. R. Berkley Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 23rd were issued a $0.08 dividend. The ex-dividend date was Monday, September 23rd. This represents a $0.32 annualized dividend and a yield of 0.52%. W. R. Berkley's dividend payout ratio (DPR) is presently 8.51%.

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.