W. R. Berkley (NYSE:WRB) Price Target Raised to $80.00 at Truist Financial

W. R. Berkley (NYSE:WRB - Free Report) had its price target increased by Truist Financial from $68.00 to $80.00 in a report released on Thursday,Benzinga reports. They currently have a buy rating on the insurance provider's stock.

Other analysts have also issued research reports about the company. Morgan Stanley began coverage on W. R. Berkley in a research note on Thursday, December 5th. They issued an "equal weight" rating and a $65.00 target price for the company. Barclays raised their price target on W. R. Berkley from $50.00 to $52.00 and gave the stock an "underweight" rating in a research report on Tuesday, January 28th. Royal Bank of Canada reiterated a "sector perform" rating and issued a $63.00 price objective on shares of W. R. Berkley in a research report on Tuesday, January 28th. Keefe, Bruyette & Woods raised their target price on shares of W. R. Berkley from $60.00 to $61.00 and gave the stock a "market perform" rating in a report on Tuesday, January 28th. Finally, StockNews.com downgraded shares of W. R. Berkley from a "buy" rating to a "hold" rating in a research note on Thursday, April 3rd. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, W. R. Berkley currently has an average rating of "Hold" and a consensus target price of $65.13.

Remove Ads

W. R. Berkley Price Performance

NYSE:WRB traded up $1.52 during trading hours on Thursday, hitting $65.80. The stock had a trading volume of 815,164 shares, compared to its average volume of 1,787,881. The firm has a market capitalization of $24.95 billion, a price-to-earnings ratio of 15.03, a P/E/G ratio of 1.56 and a beta of 0.40. W. R. Berkley has a one year low of $50.73 and a one year high of $76.38. The company has a 50 day simple moving average of $62.89 and a two-hundred day simple moving average of $60.62. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.36 and a quick ratio of 0.36.

W. R. Berkley (NYSE:WRB - Get Free Report) last issued its quarterly earnings results on Monday, January 27th. The insurance provider reported $1.13 EPS 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%. Research analysts forecast that W. R. Berkley will post 4.33 earnings per share for the current fiscal year.

W. R. Berkley Announces Dividend

The business 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. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $0.32 annualized dividend and a yield of 0.49%. W. R. Berkley's dividend payout ratio (DPR) is presently 7.34%.

Institutional Investors Weigh In On W. R. Berkley

A number of large investors have recently modified their holdings of the stock. Optiver Holding B.V. grew its holdings in shares of W. R. Berkley by 107.3% during the 4th quarter. Optiver Holding B.V. now owns 427 shares of the insurance provider's stock worth $25,000 after acquiring an additional 221 shares during the period. Whipplewood Advisors LLC bought a new stake in shares of W. R. Berkley during the fourth quarter valued at approximately $35,000. Mpwm Advisory Solutions LLC bought a new stake in shares of W. R. Berkley during the fourth quarter valued at approximately $37,000. Catalyst Capital Advisors LLC purchased a new stake in W. R. Berkley in the fourth quarter worth $42,000. Finally, Colonial Trust Co SC raised its holdings in W. R. Berkley by 79.9% in 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 in the last quarter. Institutional investors own 68.82% of the company's stock.

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.