Somewhat Positive Media Coverage Somewhat Unlikely to Impact W.R. Berkley Corporation (WRB) Stock Price
Headlines about W.R. Berkley Corporation (NYSE:WRB) have trended somewhat positive this week, Accern Sentiment Analysis reports. The research group ranks the sentiment of news coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. W.R. Berkley Corporation earned a media sentiment score of 0.25 on Accern’s scale. Accern also gave media headlines about the insurance provider an impact score of 46.5899395373945 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
These are some of the news stories that may have effected Accern’s analysis:
- Contrasting First Financial Corporation Indiana (THFF) and W.R. Berkley Corporation (WRB) (americanbankingnews.com)
- Global Insurance Accelerator Welcomes W. R. Berkley Corporation as New Investor (markets.businessinsider.com)
- W. R. Berkley Corporation to Announce Third Quarter 2017 Earnings on October 24, 2017 (finance.yahoo.com)
- W.R. Berkley Corp. breached its 50 day moving average in a Bullish Manner : WRB-US : October 3, 2017 (finance.yahoo.com)
- $1.72 Billion in Sales Expected for W.R. Berkley Corporation (WRB) This Quarter (americanbankingnews.com)
A number of brokerages recently issued reports on WRB. BidaskClub upgraded W.R. Berkley Corporation from a “hold” rating to a “buy” rating in a report on Tuesday, June 20th. Zacks Investment Research upgraded W.R. Berkley Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, July 18th. Morgan Stanley reiterated an “equal weight” rating and issued a $70.00 target price (up from $68.00) on shares of W.R. Berkley Corporation in a report on Friday, July 7th. Keefe, Bruyette & Woods set a $67.00 target price on W.R. Berkley Corporation and gave the stock a “hold” rating in a report on Thursday, July 6th. Finally, Boenning Scattergood reiterated a “hold” rating on shares of W.R. Berkley Corporation in a report on Wednesday, July 26th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and one has assigned a buy rating to the company. W.R. Berkley Corporation presently has a consensus rating of “Hold” and a consensus price target of $66.00.
Shares of W.R. Berkley Corporation (NYSE:WRB) opened at 67.73 on Friday. The company has a 50-day moving average price of $66.09 and a 200-day moving average price of $68.14. W.R. Berkley Corporation has a 52-week low of $55.55 and a 52-week high of $73.17. The stock has a market capitalization of $8.21 billion, a price-to-earnings ratio of 14.38 and a beta of 0.88.
W.R. Berkley Corporation (NYSE:WRB) last released its earnings results on Tuesday, July 25th. The insurance provider reported $0.65 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.75 by ($0.10). W.R. Berkley Corporation had a return on equity of 7.58% and a net margin of 7.86%. The company had revenue of $1.57 billion during the quarter, compared to the consensus estimate of $1.61 billion. During the same period last year, the firm posted $0.82 earnings per share. The company’s revenue was up .6% compared to the same quarter last year. On average, equities analysts anticipate that W.R. Berkley Corporation will post $3.05 earnings per share for the current year.
W.R. Berkley Corporation announced that its board has approved a stock buyback program on Tuesday, August 8th that authorizes the company to repurchase 10,000,000 outstanding shares. This repurchase authorization authorizes the insurance provider to repurchase shares of its stock through open market purchases. Shares repurchase programs are typically a sign that the company’s management believes its stock is undervalued.
The business also recently announced a quarterly dividend, which was paid on Wednesday, October 4th. Shareholders of record on Wednesday, September 20th were issued a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 0.83%. The ex-dividend date was Tuesday, September 19th. W.R. Berkley Corporation’s dividend payout ratio (DPR) is 11.84%.
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About W.R. Berkley Corporation
W. R. Berkley Corporation is an insurance holding company. It operates through two segments: Insurance and Reinsurance-Global. The Insurance segment consists of its commercial insurance business operations, comprising excess and surplus lines, and admitted lines, throughout the United States, as well as its insurance business operations in the United Kingdom, Continental Europe, South America, Canada, Mexico, Scandinavia, Asia and Australia.
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