W. R. Berkley Corp (NYSE:WRB) has earned a consensus recommendation of “Hold” from the nine research firms that are currently covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $65.20.

WRB has been the subject of several recent research reports. Morgan Stanley increased their target price on shares of W. R. Berkley from $63.00 to $73.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 14th. Royal Bank of Canada increased their target price on shares of W. R. Berkley to $68.00 and gave the stock a “sector perform” rating in a report on Wednesday, July 24th. They noted that the move was a valuation call. Zacks Investment Research upgraded shares of W. R. Berkley from a “hold” rating to a “buy” rating and set a $71.00 target price for the company in a report on Saturday, July 27th. Deutsche Bank cut shares of W. R. Berkley from a “hold” rating to a “sell” rating and set a $65.71 target price for the company. in a report on Wednesday, June 26th. Finally, Buckingham Research increased their target price on shares of W. R. Berkley from $63.00 to $64.00 and gave the stock a “neutral” rating in a report on Thursday, September 12th.

Shares of W. R. Berkley stock traded up $0.14 on Thursday, hitting $72.06. The company had a trading volume of 8,438 shares, compared to its average volume of 595,143. The firm has a market capitalization of $12.98 billion, a P/E ratio of 27.01, a P/E/G ratio of 2.75 and a beta of 0.69. W. R. Berkley has a twelve month low of $45.91 and a twelve month high of $73.26. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.48 and a quick ratio of 0.48. The stock has a 50-day moving average of $71.25 and a 200-day moving average of $68.65.

W. R. Berkley (NYSE:WRB) last released its quarterly earnings results on Tuesday, July 23rd. The insurance provider reported $0.82 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.64 by $0.18. W. R. Berkley had a net margin of 8.81% and a return on equity of 10.55%. The company had revenue of $1.65 billion during the quarter, compared to analysts’ expectations of $1.63 billion. During the same quarter in the prior year, the company earned $1.40 earnings per share. The business’s quarterly revenue was up 4.2% compared to the same quarter last year. Equities analysts predict that W. R. Berkley will post 2.86 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 3rd. Shareholders of record on Thursday, September 19th will be given a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 0.61%. The ex-dividend date of this dividend is Wednesday, September 18th. W. R. Berkley’s dividend payout ratio (DPR) is currently 16.48%.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Krane Funds Advisors LLC bought a new position in shares of W. R. Berkley in the second quarter valued at about $26,000. Steward Partners Investment Advisory LLC bought a new position in shares of W. R. Berkley in the second quarter valued at about $27,000. Hanson McClain Inc. raised its position in shares of W. R. Berkley by 50.0% in the second quarter. Hanson McClain Inc. now owns 525 shares of the insurance provider’s stock valued at $35,000 after purchasing an additional 175 shares during the period. Johnson Financial Group Inc. raised its position in shares of W. R. Berkley by 49.9% in the second quarter. Johnson Financial Group Inc. now owns 553 shares of the insurance provider’s stock valued at $36,000 after purchasing an additional 184 shares during the period. Finally, Asset Dedication LLC raised its position in shares of W. R. Berkley by 49.9% in the second quarter. Asset Dedication LLC now owns 571 shares of the insurance provider’s stock valued at $38,000 after purchasing an additional 190 shares during the period. 70.65% of the stock is currently owned by hedge funds and other institutional investors.

W. R. Berkley Company Profile

W. R. Berkley Corporation, an insurance holding company, operates as a commercial lines writer in the United States and internationally. It operates through two segments, Insurance and Reinsurance. The Insurance segment underwrites commercial insurance business, including premises operations, commercial automobile, property, products liability, and professional liability lines.

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Analyst Recommendations for W. R. Berkley (NYSE:WRB)

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