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NYSE:WRB

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

$58.71
+0.37 (+0.63%)
(As of 03:26 PM ET)
Today's Range
$58.47
$59.38
50-Day Range
$51.54
$79.63
52-Week Range
$41.37
$61.28
Volume
895,855 shs
Average Volume
1.72 million shs
Market Capitalization
$22.34 billion
P/E Ratio
15.61
Dividend Yield
0.55%
Price Target
$59.67

W. R. Berkley MarketRank™ Stock Analysis

Analyst Rating
Hold
2.30 Rating Score
Upside/​Downside
1.7% Upside
$59.67 Price Target
Short Interest
Bearish
2.11% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.50
Upright™ Environmental Score
News Sentiment
0.85mentions of W. R. Berkley in the last 14 days
Based on 10 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
5.71%
From $4.03 to $4.26 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.25 out of 5 stars

Finance Sector

202nd out of 878 stocks

Fire, Marine, & Casualty Insurance Industry

19th out of 51 stocks

WRB stock logo

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

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.



WRB Stock Price History

WRB Stock News Headlines

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Barclays Begins Coverage on W. R. Berkley (NYSE:WRB)
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W.R. Berkley Corp. 5.1% Sub. Deb. 2059
See More Headlines
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Company Calendar

Ex-Dividend for 6/28 Dividend
6/24/2024
Dividend Payable
6/28/2024
Last Earnings
7/22/2024
Today
9/16/2024
Ex-Dividend for 9/30 Dividend
9/23/2024
Dividend Payable
9/30/2024
Next Earnings (Estimated)
10/28/2024
Fiscal Year End
12/31/2024

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
$59.67
High Stock Price Target
$68.67
Low Stock Price Target
$55.33
Potential Upside/Downside
+1.5%
Consensus Rating
Hold
Rating Score (0-4)
2.30
Research Coverage
10 Analysts

Profitability

Net Income
$1.38 billion
Pretax Margin
15.46%

Debt

Sales & Book Value

Annual Sales
$12.14 billion
Cash Flow
$3.52 per share
Book Value
$19.31 per share

Miscellaneous

Free Float
295,290,000
Market Cap
$22.38 billion
Optionable
Optionable
Beta
0.62

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Key Executives

  • Mr. William Robert Berkley (Age 79)
    Executive Chairman of the Board
    Comp: $13.06M
  • Mr. William Robert Berkley Jr. (Age 51)
    President, CEO & Director
    Comp: $12.76M
  • Mr. Richard Mark Baio (Age 55)
    Executive VP & CFO
    Comp: $2.35M
  • Mr. James Gerald Shiel (Age 64)
    Executive Vice President of Investments
    Comp: $2.48M
  • Ms. Lucille T. Sgaglione (Age 74)
    Executive Vice President
    Comp: $2.37M
  • Mr. A. Scott Mansolillo
    Senior VP & Chief Compliance Officer
  • Mr. Liberatore John Iannarone
    Senior VP & General Counsel
  • Ms. Karen A. Horvath
    Vice President of External Financial Communications
  • Mr. Jonathan M. Levine
    VP & Chief Marketing Officer
  • Ms. Carol Josephine LaPunzina (Age 62)
    Senior Vice President of Human Resources

Should I Buy W. R. Berkley Stock? WRB Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in W. R. Berkley Co.:

  • W. R. Berkley Co. recently increased its dividend from $0.07 to $0.08 per share, indicating a positive financial outlook and potential for income growth for investors.
  • The company reported earnings per share of $1.04 for the last quarter, surpassing analysts' estimates by $0.12, showcasing strong financial performance.
  • Institutional investors, such as Louisiana State Employees Retirement System and APG Asset Management US Inc., have been increasing their stakes in W. R. Berkley Co., indicating confidence in the company's future prospects.
  • W. R. Berkley Co. has a moderate buy rating from analysts with a consensus target price of $60.07, suggesting potential for stock price appreciation.
  • The company has a healthy return on equity of 21.62%, indicating efficient utilization of shareholder funds to generate profits.

Cons

Investors should be bearish about investing in W. R. Berkley Co. for these reasons:

  • The stock price of W. R. Berkley Co. has a 12-month high of $59.46, which may indicate limited short-term upside potential for investors entering at current levels.
  • While the company has shown growth in revenue, the net margin of 12.05% may be considered relatively low compared to industry peers, potentially impacting profitability.
  • W. R. Berkley Co. has a debt-to-equity ratio of 0.36, which suggests a moderate level of financial leverage that could pose risks in economic downturns.
  • The stock's price-to-earnings ratio of 15.31 may indicate that the stock is currently trading at a premium valuation, potentially limiting immediate capital gains for investors.
  • With a beta of 0.61, W. R. Berkley Co. is less volatile than the market average, which may result in slower price movements compared to higher beta stocks.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Sunday, September 8, 2024. Please send any questions or comments about these W. R. Berkley pros and cons to contact@marketbeat.com.

WRB Stock Analysis - Frequently Asked Questions

How have WRB shares performed this year?

W. R. Berkley's stock was trading at $47.1467 at the start of the year. Since then, WRB shares have increased by 24.4% and is now trading at $58.67.
View the best growth stocks for 2024 here
.

How were W. R. Berkley's earnings last quarter?

W. R. Berkley Co. (NYSE:WRB) announced its quarterly earnings results on Monday, July, 22nd. The insurance provider reported $1.04 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.92 by $0.12. The firm's quarterly revenue was up 10.6% compared to the same quarter last year.
Read the conference call transcript
.

When did W. R. Berkley's stock split?

W. R. Berkley's stock split on the morning of Wednesday, July 10th 2024. The 3-2 split was announced on Wednesday, June 12th 2024. The newly issued shares were distributed 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.

Does W. R. Berkley have any subsidiaries?

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.

Who are W. R. Berkley's major shareholders?

Top institutional investors of W. R. Berkley include Kayne Anderson Rudnick Investment Management LLC (1.97%), Victory Capital Management Inc. (1.10%), APG Asset Management N.V. (0.70%) and Dimensional Fund Advisors LP (0.53%).
View institutional ownership trends
.

How do I buy shares of W. R. Berkley?

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.

What other stocks do shareholders of W. R. Berkley own?

Based on aggregate information from My MarketBeat watchlists, some other companies that W. R. Berkley investors own include Cisco Systems (CSCO), Starbucks (SBUX), AT&T (T), Verizon Communications (VZ), Johnson & Johnson (JNJ), Target (TGT) and Walt Disney (DIS).

This page (NYSE:WRB) was last updated on 9/16/2024 by MarketBeat.com Staff

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