W. R. Berkley (WRB) Projected to Post Earnings on Monday

W. R. Berkley (NYSE:WRB - Get Free Report) will likely be posting its quarterly earnings results after the market closes on Monday, January 27th. Analysts expect W. R. Berkley to post earnings of $0.95 per share and revenue of $2,975,728.50 billion for the quarter. Individual interested in registering for the company's earnings conference call can do so using this link.

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 for the quarter, topping analysts' consensus estimates of $0.92 by $0.01. W. R. Berkley had a net margin of 11.96% and a return on equity of 20.41%. The firm had revenue of $2.93 billion for the quarter, compared to the consensus estimate of $2.93 billion. During the same quarter in the previous year, the company earned $0.90 earnings per share. The business's revenue was up 10.8% compared to the same quarter last year. On average, analysts expect W. R. Berkley to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

W. R. Berkley Price Performance

Shares of WRB stock traded down $0.80 during mid-day trading on Monday, reaching $59.57. The company's stock had a trading volume of 7,137,076 shares, compared to its average volume of 1,272,077. 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 firm's 50-day moving average is $60.27 and its two-hundred day moving average is $58.61. W. R. Berkley has a 1-year low of $48.69 and a 1-year high of $65.49. The company has a market cap of $22.70 billion, a P/E ratio of 15.26, a PEG ratio of 1.00 and a beta of 0.67.

W. R. Berkley Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Monday, December 16th were paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.54%. The ex-dividend date of this dividend was Monday, December 16th. W. R. Berkley's dividend payout ratio is 8.20%.

Wall Street Analyst Weigh In

WRB has been the subject of a number of recent research reports. Keefe, Bruyette & Woods dropped their target price on W. R. Berkley from $59.00 to $58.00 and set a "market perform" rating for the company in a report on Tuesday, October 22nd. Jefferies Financial Group increased their price objective on W. R. Berkley from $53.00 to $57.00 and gave the stock a "hold" rating in a research note on Wednesday, October 9th. Bank of America lifted their price objective on W. R. Berkley from $73.00 to $76.00 and gave the company a "buy" rating in a report on Tuesday, October 22nd. Truist Financial upped their target price on shares of W. R. Berkley from $64.00 to $68.00 and gave the stock a "buy" rating in a report on Thursday, October 17th. Finally, Evercore ISI lifted their price target on shares of W. R. Berkley from $57.00 to $60.00 and gave the company an "in-line" rating in a report on Tuesday, October 22nd. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $63.74.

About W. R. Berkley

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.