W.R. Berkley Corp. (NYSE:WRB) has received an average rating of “Hold” from the seven brokerages that are covering the stock. One analyst has rated the stock with a sell rating and six have assigned a hold rating to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $56.25.

WRB has been the subject of several recent analyst reports. Credit Suisse Group AG set a $52.00 price objective on shares of W.R. Berkley Corp. and gave the stock a “sell” rating in a research note on Monday, September 12th. Zacks Investment Research raised shares of W.R. Berkley Corp. from a “sell” rating to a “hold” rating in a research note on Friday, August 19th. Royal Bank Of Canada lifted their price objective on shares of W.R. Berkley Corp. from $57.00 to $61.00 and gave the stock a “sector perform” rating in a research note on Wednesday, July 13th. Finally, Compass Point lifted their price objective on shares of W.R. Berkley Corp. from $55.00 to $60.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 26th.

Several hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in W.R. Berkley Corp. by 3.6% in the second quarter. Vanguard Group Inc. now owns 7,765,883 shares of the company’s stock valued at $465,333,000 after buying an additional 268,774 shares during the period. First Eagle Investment Management LLC increased its stake in W.R. Berkley Corp. by 0.3% in the second quarter. First Eagle Investment Management LLC now owns 6,637,416 shares of the company’s stock valued at $397,714,000 after buying an additional 16,820 shares during the period. Boston Partners increased its stake in W.R. Berkley Corp. by 2.8% in the second quarter. Boston Partners now owns 4,879,276 shares of the company’s stock valued at $292,366,000 after buying an additional 130,800 shares during the period. BlackRock Fund Advisors increased its stake in W.R. Berkley Corp. by 8.3% in the second quarter. BlackRock Fund Advisors now owns 4,506,370 shares of the company’s stock valued at $270,022,000 after buying an additional 346,404 shares during the period. Finally, State Street Corp increased its stake in W.R. Berkley Corp. by 1.9% in the first quarter. State Street Corp now owns 3,929,064 shares of the company’s stock valued at $220,818,000 after buying an additional 74,823 shares during the period. Institutional investors and hedge funds own 71.00% of the company’s stock.

W.R. Berkley Corp. (NYSE:WRB) opened at 56.32 on Wednesday. The firm has a 50-day moving average of $58.40 and a 200 day moving average of $56.64. W.R. Berkley Corp. has a one year low of $47.54 and a one year high of $60.08. The company has a market capitalization of $6.91 billion, a price-to-earnings ratio of 14.77 and a beta of 0.80.

W.R. Berkley Corp. (NYSE:WRB) last posted its earnings results on Monday, July 25th. The company reported $0.82 earnings per share for the quarter, beating analysts’ consensus estimates of $0.77 by $0.05. W.R. Berkley Corp. had a net margin of 6.69% and a return on equity of 9.53%. The firm earned $1.56 billion during the quarter, compared to analyst estimates of $1.96 billion. During the same period last year, the firm posted $0.81 earnings per share. W.R. Berkley Corp.’s revenue for the quarter was up 4.5% compared to the same quarter last year. Equities research analysts predict that W.R. Berkley Corp. will post $3.41 earnings per share for the current fiscal year.

The firm also recently announced a dividend, which will be paid on Wednesday, October 5th. Stockholders of record on Tuesday, September 20th will be given a dividend of $0.63 per share. This is an increase from W.R. Berkley Corp.’s previous dividend of $0.12. The ex-dividend date is Friday, September 16th. W.R. Berkley Corp.’s dividend payout ratio (DPR) is 13.65%.

About W.R. Berkley Corp.

W. R. Berkley Corporation is an insurance holding company. The Company operates in the three segments of the property casualty insurance business: Insurance-Domestic, Insurance-International and Reinsurance-Global. Its Insurance-Domestic segment includes commercial insurance business, including excess and surplus lines and admitted lines, primarily throughout the United States.

5 Day Chart for NYSE:WRB

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