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W. R. Berkley (WRB) Stock Price, News & Analysis

W. R. Berkley logo
$62.27 +0.13 (+0.21%)
(As of 11/22/2024 ET)

About W. R. Berkley Stock (NYSE:WRB)

Key Stats

Today's Range
$62.05
$62.54
50-Day Range
$56.39
$62.14
52-Week Range
$45.75
$62.54
Volume
928,000 shs
Average Volume
1.77 million shs
Market Capitalization
$23.73 billion
P/E Ratio
15.95
Dividend Yield
0.51%
Price Target
$63.08
Consensus Rating
Hold

Company Overview

W. R. Berkley Corporation was founded in 1967 by W.R. Berkley with the goal of creating sustainable, long-term value. As of November 2022, Mr. Berkley remained as executive chairman with his son W.R. Berkley Jr. in the CEO's office. The company is based in Greenwich, Connecticut, and operates as an insurance holding company in the U.S. and internationally. It is one of the largest commercial lines insurers in the US and has more than 190 offices worldwide.
 
The company’s operations have grown steadily since its founding, including several key acquisitions. The company now operates in two segments which are Insurance and Reinsurance & Monoline Excess. The Insurance segment underwrites commercial insurance businesses of all varieties. The Reinsurance & Monoline Excess segment provides reinsurance services to other insurance agencies and self-insured organizations. W. R. Berkley Corporation went public in 1973 and is now listed 397th on the Forbes Fortune 500 list.
 
There are more than 50 businesses operating under the Berkley umbrella. They each capitalize on niche markets that require specialized knowledge about industries, regions, or business structures. The company’s goal is to create peace of mind, both by simplifying the insurance buying process and by providing the insurance products its customers need.
 
W. R. Berkley was added to the S&P 500 in 2019. The company’s market cap grew more than 20% or over $1 billion in the first year alone. As of November 2022, the company is worth upwards of $19.5 billion or more than a 200% increase since its launch. The company’s underlying insurance businesses are all rated A+ by Standard & Poors and A.M. Best.
 
Some of the key businesses and industries served by W.R. Berkley include but are not limited to agribusiness, cannabis, energy, environmental, hospitality, manufacturing, public entity, retail, and transportation. Some of the products offered include but are not limited to workers' compensation, general liability, commercial auto & trucking, accident & health, cyber, and property. In 2021, the company brought in more than $9.5 billion in revenue and produced a 16.2% return on stockholders' equity.



W. R. Berkley Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
97th Percentile Overall Score

WRB MarketRank™: 

W. R. Berkley scored higher than 97% of companies evaluated by MarketBeat, and ranked 27th out of 922 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    W. R. Berkley has received a consensus rating of Hold. The company's average rating score is 2.33, and is based on 5 buy ratings, 6 hold ratings, and 1 sell rating.

  • Amount of Analyst Coverage

    W. R. Berkley has been the subject of 9 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

  • Read more about W. R. Berkley's stock forecast and price target.
  • Earnings Growth

    Earnings for W. R. Berkley are expected to grow by 8.84% in the coming year, from $3.96 to $4.31 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of W. R. Berkley is 15.95, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 132.56.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of W. R. Berkley is 15.95, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 47.55.

  • Price to Earnings Growth Ratio

    W. R. Berkley has a PEG Ratio of 1.19. PEG Ratios above 1 indicate that a company could be overvalued.

  • Price to Book Value per Share Ratio

    W. R. Berkley has a P/B Ratio of 2.81. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

  • Read more about W. R. Berkley's valuation and earnings.
  • Percentage of Shares Shorted

    1.18% of the outstanding shares of W. R. Berkley have been sold short.
  • Short Interest Ratio / Days to Cover

    W. R. Berkley has a short interest ratio ("days to cover") of 2.5, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in W. R. Berkley has recently decreased by 23.90%, indicating that investor sentiment is improving significantly.
  • Dividend Yield

    W. R. Berkley has a dividend yield of 0.53%, which is in the bottom 25% of all stocks that pay dividends.

  • Dividend Growth

    W. R. Berkley has been increasing its dividend for 23 years.

  • Dividend Coverage

    The dividend payout ratio of W. R. Berkley is 8.21%. This payout ratio is at a healthy, sustainable level, below 75%.

  • Dividend Sustainability

    Based on earnings estimates, W. R. Berkley will have a dividend payout ratio of 7.42% next year. This indicates that W. R. Berkley will be able to sustain or increase its dividend.

  • Read more about W. R. Berkley's dividend.
  • Percentage of Shares Shorted

    1.18% of the outstanding shares of W. R. Berkley have been sold short.
  • Short Interest Ratio / Days to Cover

    W. R. Berkley has a short interest ratio ("days to cover") of 2.5, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in W. R. Berkley has recently decreased by 23.90%, indicating that investor sentiment is improving significantly.
  • News Sentiment

    W. R. Berkley has a news sentiment score of 1.51. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.81 average news sentiment score of Finance companies.
  • News Coverage This Week

    MarketBeat has tracked 19 news articles for W. R. Berkley this week, compared to 7 articles on an average week.
  • Search Interest

    Only 3 people have searched for WRB on MarketBeat in the last 30 days. This is a decrease of -40% compared to the previous 30 days.
  • MarketBeat Follows

    9 people have added W. R. Berkley to their MarketBeat watchlist in the last 30 days. This is an increase of 200% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, W. R. Berkley insiders have not sold or bought any company stock.

  • Percentage Held by Insiders

    23.00% of the stock of W. R. Berkley is held by insiders. A high percentage of insider ownership can be a sign of company health.

  • Percentage Held by Institutions

    68.82% of the stock of W. R. Berkley is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about W. R. Berkley's insider trading history.
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WRB Stock News Headlines

Zacks Research Lowers Earnings Estimates for W. R. Berkley
FY2024 EPS Estimate for W. R. Berkley Decreased by Analyst
Urgent: Monday is the last day to start collecting up to $4,243 in monthly dividends
You could collect an average of $4,243 per month starting as early as next week with a new payout system for income investors. Registration to collect your first payout closes this week, so you are advised to sign up today.
W. R. Berkley: Strong Results But A Premium Multiple
See More Headlines

WRB Stock Analysis - Frequently Asked Questions

W. R. Berkley's stock was trading at $47.1467 on January 1st, 2024. Since then, WRB stock has increased by 32.1% and is now trading at $62.27.
View the best growth stocks for 2024 here
.

W. R. Berkley Co. (NYSE:WRB) posted its quarterly earnings data on Monday, October, 21st. The insurance provider reported $0.93 earnings per share for the quarter, beating analysts' consensus estimates of $0.92 by $0.01. The business's revenue was up 10.8% compared to the same quarter last year.
Read the conference call transcript
.

Shares of W. R. Berkley split on Wednesday, July 10th 2024. The 3-2 split was announced on Wednesday, June 12th 2024. The newly issued shares were issued to shareholders after the market closes on Tuesday, July 9th 2024. An investor that had 100 shares of stock prior to the split would have 150 shares after the split.

The following companies are subsidiaries of W. R. Berkley: Intrepid Insurance Company, American Mining Insurance Company, Garnet Captive Services, 120dB Films Capital LLC, 120dB Films Lending LLC, 34 Leadenhall Street Limited, 52 Lime Street Management Limited, and more.

Top institutional shareholders of W. R. Berkley include State Street Corp (3.97%), Janus Henderson Group PLC (2.97%), Geode Capital Management LLC (1.99%) and The Manufacturers Life Insurance Company (1.09%).
View institutional ownership trends
.

Shares of WRB stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Based on aggregate information from My MarketBeat watchlists, some other companies that W. R. Berkley investors own include Chevron (CVX), Bristol-Myers Squibb (BMY), McKesson (MCK), Comcast (CMCSA), Charles Schwab (SCHW), Edwards Lifesciences (EW) and Yum! Brands (YUM).

Company Calendar

Ex-Dividend for 9/30 Dividend
9/23/2024
Dividend Payable
9/30/2024
Last Earnings
10/21/2024
Today
11/22/2024
Fiscal Year End
12/31/2024
Next Earnings (Estimated)
1/22/2025

Industry, Sector and Symbol

Sector
Finance
Industry
Fire, marine, & casualty insurance
Sub-Industry
Property & Casualty Insurance
CUSIP
08442310
Employees
8,329
Year Founded
1967

Price Target and Rating

Average Stock Price Target
$63.08
High Stock Price Target
$76.00
Low Stock Price Target
$55.33
Potential Upside/Downside
+1.3%
Consensus Rating
Hold
Rating Score (0-4)
2.33
Research Coverage
12 Analysts

Profitability

Net Income
$1.38 billion
Pretax Margin
15.44%

Debt

Sales & Book Value

Annual Sales
$13.16 billion
Cash Flow
$3.54 per share
Book Value
$22.15 per share

Miscellaneous

Free Float
293,423,000
Market Cap
$23.73 billion
Optionable
Optionable
Beta
0.62

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This page (NYSE:WRB) was last updated on 11/22/2024 by MarketBeat.com Staff
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