W.R. Berkley (WRB) Announces Quarterly Earnings, Beats Estimates By $0.03 EPS
W.R. Berkley (NYSE:WRB) released its earnings data on Monday. The company reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.03, Analyst Ratings Network.com reports. The company had revenue of $1.80 billion for the quarter, compared to the consensus estimate of $1.68 million.
Shares of W.R. Berkley (NYSE:WRB) traded down 0.25% during mid-day trading on Monday, hitting $44.73. The stock had a trading volume of 609,791 shares. W.R. Berkley has a 52 week low of $37.82 and a 52 week high of $46.92. The stock has a 50-day moving average of $45.75 and a 200-day moving average of $42.80. The company has a market cap of $5.711 billion and a price-to-earnings ratio of 11.32.
On a related note, analysts at Zacks upgraded shares of W.R. Berkley from a “neutral” rating to an “outperform” rating in a research note on Thursday, June 12th. They now have a $54.00 price target on the stock. Two analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company. W.R. Berkley has an average rating of “Hold” and an average target price of $46.88.
W. R. Berkley Corporation (NYSE:WRB) is an insurance holding company.
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