Analysts expect that W. R. Berkley Corp (NYSE:WRB) will post earnings of $0.85 per share for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for W. R. Berkley’s earnings, with the lowest EPS estimate coming in at $0.75 and the highest estimate coming in at $0.91. W. R. Berkley reported earnings of $0.36 per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 136.1%. The firm is scheduled to issue its next quarterly earnings report on Tuesday, October 23rd.

On average, analysts expect that W. R. Berkley will report full-year earnings of $3.75 per share for the current financial year, with EPS estimates ranging from $3.55 to $3.90. For the next fiscal year, analysts expect that the company will post earnings of $3.75 per share, with EPS estimates ranging from $3.40 to $3.90. Zacks’ EPS averages are an average based on a survey of sell-side research analysts that follow W. R. Berkley.

W. R. Berkley (NYSE:WRB) last issued its quarterly earnings data on Tuesday, July 24th. The insurance provider reported $0.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.82 by $0.15. The firm had revenue of $1.58 billion during the quarter, compared to the consensus estimate of $1.58 billion. W. R. Berkley had a return on equity of 7.25% and a net margin of 8.54%. The company’s quarterly revenue was up .8% on a year-over-year basis. During the same period last year, the company earned $0.85 EPS.

A number of analysts recently issued reports on the company. Bank of America downgraded W. R. Berkley from a “neutral” rating to an “underperform” rating and set a $74.00 price objective for the company. in a research report on Thursday, June 14th. They noted that the move was a valuation call. Credit Suisse Group began coverage on W. R. Berkley in a research report on Tuesday, August 7th. They set a “neutral” rating and a $78.00 price objective for the company. Zacks Investment Research raised W. R. Berkley from a “sell” rating to a “hold” rating in a research report on Friday, April 27th. Goldman Sachs Group started coverage on W. R. Berkley in a research note on Monday, June 18th. They set a “sell” rating and a $74.00 target price for the company. They noted that the move was a valuation call. Finally, ValuEngine cut W. R. Berkley from a “buy” rating to a “hold” rating in a research note on Monday, June 18th. Four research analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the stock. W. R. Berkley presently has an average rating of “Hold” and a consensus price target of $71.67.

In other W. R. Berkley news, EVP James G. Shiel sold 22,000 shares of the company’s stock in a transaction on Wednesday, June 13th. The stock was sold at an average price of $77.04, for a total value of $1,694,880.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 22.20% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently bought and sold shares of the business. BlackRock Inc. grew its holdings in W. R. Berkley by 1.5% in the first quarter. BlackRock Inc. now owns 10,530,100 shares of the insurance provider’s stock valued at $765,536,000 after purchasing an additional 158,035 shares during the last quarter. Atlanta Capital Management Co. L L C lifted its position in shares of W. R. Berkley by 4.7% in the first quarter. Atlanta Capital Management Co. L L C now owns 4,936,221 shares of the insurance provider’s stock valued at $358,863,000 after acquiring an additional 221,277 shares in the last quarter. Victory Capital Management Inc. lifted its position in shares of W. R. Berkley by 1.8% in the second quarter. Victory Capital Management Inc. now owns 3,894,895 shares of the insurance provider’s stock valued at $282,030,000 after acquiring an additional 70,693 shares in the last quarter. Boston Partners lifted its position in shares of W. R. Berkley by 1.9% in the second quarter. Boston Partners now owns 3,566,823 shares of the insurance provider’s stock valued at $258,274,000 after acquiring an additional 66,385 shares in the last quarter. Finally, Janus Henderson Group PLC lifted its position in shares of W. R. Berkley by 182.1% in the second quarter. Janus Henderson Group PLC now owns 3,349,020 shares of the insurance provider’s stock valued at $242,502,000 after acquiring an additional 2,162,031 shares in the last quarter. 73.23% of the stock is currently owned by institutional investors.

Shares of NYSE:WRB traded up $0.46 during midday trading on Friday, reaching $78.11. 158,841 shares of the company’s stock were exchanged, compared to its average volume of 250,852. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.49. The company has a market capitalization of $9.39 billion, a price-to-earnings ratio of 31.75, a PEG ratio of 2.28 and a beta of 0.84. W. R. Berkley has a fifty-two week low of $62.00 and a fifty-two week high of $79.74.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 3rd. Shareholders of record on Wednesday, September 19th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.77%. The ex-dividend date is Tuesday, September 18th. W. R. Berkley’s dividend payout ratio (DPR) is 24.39%.

About W. R. Berkley

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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Earnings History and Estimates for W. R. Berkley (NYSE:WRB)

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