W. R. Berkley Co. (NYSE:WRB - Free Report) - Equities researchers at Zacks Research decreased their Q4 2024 earnings per share estimates for shares of W. R. Berkley in a report released on Monday, November 11th. Zacks Research analyst T. De now forecasts that the insurance provider will post earnings of $0.93 per share for the quarter, down from their previous forecast of $0.97. The consensus estimate for W. R. Berkley's current full-year earnings is $3.96 per share. Zacks Research also issued estimates for W. R. Berkley's Q2 2025 earnings at $1.05 EPS, FY2025 earnings at $4.28 EPS, Q1 2026 earnings at $1.12 EPS and Q2 2026 earnings at $1.18 EPS.
W. R. Berkley (NYSE:WRB - Get Free Report) last posted its quarterly earnings results on Monday, October 21st. The insurance provider reported $0.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.92 by $0.01. The firm had revenue of $2.93 billion during the quarter, compared to analyst estimates of $2.93 billion. W. R. Berkley had a return on equity of 20.41% and a net margin of 11.96%. W. R. Berkley's quarterly revenue was up 10.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.90 EPS.
Other equities analysts have also issued research reports about the company. UBS Group boosted their target price on W. R. Berkley from $67.00 to $69.00 and gave the stock a "buy" rating in a research report on Tuesday, October 22nd. Wells Fargo & Company boosted their target price on 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 raised W. R. Berkley from a "hold" rating to a "buy" rating in a research report on Tuesday. Barclays started coverage on W. R. Berkley in a research report on Wednesday, September 4th. They issued an "underweight" rating and a $56.00 target price for the company. Finally, Evercore ISI boosted their target price on W. R. Berkley from $57.00 to $60.00 and gave the stock an "in-line" rating in a research report on Tuesday, October 22nd. One research analyst has rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, W. R. Berkley currently has a consensus rating of "Hold" and an average target price of $63.08.
Read Our Latest Stock Analysis on WRB
W. R. Berkley Stock Down 0.3 %
Shares of WRB traded down $0.16 during trading hours on Wednesday, hitting $60.25. The company had a trading volume of 1,295,293 shares, compared to its average volume of 1,785,805. The firm has a fifty day moving average price of $58.42 and a 200-day moving average price of $56.03. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.36 and a current ratio of 0.36. The stock has a market capitalization of $22.96 billion, a price-to-earnings ratio of 15.44, a P/E/G ratio of 1.20 and a beta of 0.62. W. R. Berkley has a 52-week low of $45.30 and a 52-week high of $61.96.
W. R. Berkley Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 23rd were issued a dividend of $0.08 per share. The ex-dividend date of this dividend was Monday, September 23rd. This represents a $0.32 annualized dividend and a dividend yield of 0.53%. W. R. Berkley's dividend payout ratio (DPR) is 8.20%.
Institutional Trading of W. R. Berkley
Several hedge funds have recently modified their holdings of the company. Townsquare Capital LLC raised its holdings in shares of W. R. Berkley by 70.7% during the 3rd quarter. Townsquare Capital LLC now owns 37,821 shares of the insurance provider's stock worth $2,146,000 after acquiring an additional 15,664 shares in the last quarter. Transamerica Financial Advisors Inc. purchased a new stake in W. R. Berkley during the 3rd quarter valued at $123,000. BNP Paribas Financial Markets raised its holdings in W. R. Berkley by 107.1% during the 3rd quarter. BNP Paribas Financial Markets now owns 661,959 shares of the insurance provider's stock valued at $37,553,000 after buying an additional 342,344 shares during the period. Avestar Capital LLC raised its holdings in W. R. Berkley by 50.9% during the 3rd quarter. Avestar Capital LLC now owns 4,282 shares of the insurance provider's stock valued at $243,000 after buying an additional 1,444 shares during the period. Finally, Brooklyn Investment Group purchased a new stake in W. R. Berkley during the 3rd quarter valued at $48,000. 68.82% of the stock is owned by hedge funds and other institutional investors.
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.
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