W.R. Berkley Co. Announces Quarterly Dividend of $0.11 (WRB)
W.R. Berkley (NYSE:WRB) announced a quarterly dividend on Tuesday, August 5th, Stock Ratings Network reports. Investors of record on Wednesday, September 10th will be paid a dividend of 0.11 per share on Wednesday, October 1st. This represents a $0.44 annualized dividend and a dividend yield of 0.98%.
WRB has been the subject of a number of recent research reports. Analysts at Deutsche Bank reiterated a “sell” rating on shares of W.R. Berkley in a research note on Monday. They now have a $39.00 price target on the stock, up previously from $38.00. On the ratings front, analysts at Compass Point raised their price target on shares of W.R. Berkley from $49.00 to $51.00 in a research note on Tuesday, July 29th. They now have a “neutral” rating on the stock. Finally, 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 research 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 a consensus rating of “Hold” and an average target price of $48.00.
Shares of W.R. Berkley (NYSE:WRB) remained flat at $44.73 during trading on Tuesday. The stock had a trading volume of 446,229 shares. W.R. Berkley has a 1-year low of $37.82 and a 1-year high of $46.92. The stock has a 50-day moving average of $45.67 and a 200-day moving average of $42.94. The company has a market cap of $5.708 billion and a P/E ratio of 9.97.
W.R. Berkley (NYSE:WRB) last issued its quarterly earnings data on Monday, July 28th. The company reported $0.82 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.79 by $0.03. The company had revenue of $1.80 billion for the quarter, compared to the consensus estimate of $1.68 million. During the same quarter in the prior year, the company posted $0.70 earnings per share. The company’s quarterly revenue was up 14.4% on a year-over-year basis. On average, analysts predict that W.R. Berkley will post $3.57 earnings per share for the current fiscal year.
W. R. Berkley Corporation (NYSE:WRB) is an insurance holding company.
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