W.R. Berkley Reaches New 52-Week High at $48.15 (WRB)
W.R. Berkley (NYSE:WRB) hit a new 52-week high during mid-day trading on Monday , AnalystRatings.Net reports. The stock traded as high as $48.15 and last traded at $48.02, with a volume of 95,128 shares trading hands. The stock had previously closed at $47.80.
A number of research firms have recently commented on WRB. Analysts at Deutsche Bank reiterated a “sell” rating on shares of W.R. Berkley in a research note on Monday, August 4th. They now have a $39.00 price target on the stock, up previously from $38.00. 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. Two research analysts have rated the stock with a sell rating and two have issued a hold rating to the company. The stock currently has an average rating of “Hold” and an average price target of $46.00.
The stock has a 50-day moving average of $45.89 and a 200-day moving average of $43.50. The company has a market cap of $6.130 billion and a price-to-earnings ratio of 10.66.
W.R. Berkley (NYSE:WRB) last announced its earnings results on Monday, July 28th. The company reported $0.82 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.70 earnings per share. W.R. Berkley’s revenue was up 14.4% compared to the same quarter last year. On average, analysts predict that W.R. Berkley will post $3.58 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, October 1st. Investors of record on Wednesday, September 10th will be given a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 0.92%. The ex-dividend date of this dividend is Monday, September 8th.
W. R. Berkley Corporation (NYSE:WRB) is an insurance holding company.
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