W. R. Berkley (NYSE:WRB) will be issuing its quarterly earnings data after the market closes on Tuesday, July 23rd. Analysts expect the company to announce earnings of $0.62 per share for the quarter.

W. R. Berkley (NYSE:WRB) last announced its quarterly earnings data on Tuesday, April 23rd. The insurance provider reported $0.94 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.31. The company had revenue of $1.59 billion during the quarter, compared to analyst estimates of $1.62 billion. W. R. Berkley had a return on equity of 10.21% and a net margin of 8.47%. The firm’s revenue for the quarter was up 1.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.87 EPS. On average, analysts expect W. R. Berkley to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

WRB stock opened at $66.84 on Monday. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.48. The stock has a market cap of $12.24 billion, a price-to-earnings ratio of 25.03, a PEG ratio of 2.85 and a beta of 0.73. W. R. Berkley has a twelve month low of $45.91 and a twelve month high of $68.73. The firm’s 50-day moving average is $65.91.

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 2nd. Shareholders of record on Tuesday, June 18th were issued a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 0.66%. The ex-dividend date of this dividend was Monday, June 17th. This is a positive change from W. R. Berkley’s previous quarterly dividend of $0.10. W. R. Berkley’s payout ratio is presently 16.48%.

A number of research analysts have weighed in on the company. Deutsche Bank reaffirmed a “hold” rating and set a GBX 1,775 ($23.19) target price on shares of in a report on Wednesday, June 26th. Royal Bank of Canada set a GBX 5,200 ($67.95) target price on London Stock Exchange Group and gave the company a “buy” rating in a report on Wednesday, April 24th. ValuEngine raised XPO Logistics from a “strong sell” rating to a “sell” rating in a report on Thursday, April 4th. UBS Group lifted their target price on W. R. Berkley from $53.00 to $56.00 and gave the company a “sell” rating in a report on Wednesday, April 24th. Finally, Zacks Investment Research lowered Horiba from a “hold” rating to a “sell” rating in a report on Wednesday, May 22nd. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $59.67.

In other W. R. Berkley news, Director Mark Ellwood Brockbank sold 77,000 shares of W. R. Berkley stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of $66.61, for a total transaction of $5,128,970.00. Following the completion of the transaction, the director now owns 51,329 shares of the company’s stock, valued at approximately $3,419,024.69. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 21.70% of the stock is owned by insiders.

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

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