W. R. Berkley (NYSE:WRB – Get Free Report) announced its earnings results on Tuesday. The insurance provider reported $1.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.46 by $0.10, Briefing.com reports. The firm had revenue of $2.76 billion for the quarter, compared to analyst estimates of $2.77 billion. W. R. Berkley had a net margin of 12.23% and a return on equity of 21.01%. W. R. Berkley’s revenue was up 11.0% compared to the same quarter last year. During the same quarter last year, the business earned $1.00 earnings per share.
W. R. Berkley Price Performance
Shares of W. R. Berkley stock traded up $0.09 on Thursday, hitting $77.94. The company had a trading volume of 514,037 shares, compared to its average volume of 1,249,337. The business has a 50-day simple moving average of $84.47 and a 200-day simple moving average of $76.21. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.37 and a quick ratio of 0.37. The company has a market cap of $20.00 billion, a PE ratio of 13.80, a PEG ratio of 1.48 and a beta of 0.57. W. R. Berkley has a 52 week low of $55.50 and a 52 week high of $89.18.
W. R. Berkley Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 13th. Stockholders of record on Monday, March 4th were issued a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 0.56%. The ex-dividend date was Friday, March 1st. W. R. Berkley’s dividend payout ratio (DPR) is presently 7.80%.
Analyst Ratings Changes
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W. R. Berkley Company Profile
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.
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