Equities research analysts predict that W.R. Berkley Corporation (NYSE:WRB) will report earnings per share of $0.76 for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for W.R. Berkley Corporation’s earnings, with the highest EPS estimate coming in at $0.81 and the lowest estimate coming in at $0.70. W.R. Berkley Corporation posted earnings per share of $0.82 in the same quarter last year, which suggests a negative year over year growth rate of 7.3%. The company is expected to announce its next quarterly earnings report on Tuesday, January 30th.

According to Zacks, analysts expect that W.R. Berkley Corporation will report full-year earnings of $2.42 per share for the current fiscal year, with EPS estimates ranging from $2.40 to $2.45. For the next year, analysts expect that the company will report earnings of $3.17 per share, with EPS estimates ranging from $3.12 to $3.30. Zacks Investment Research’s earnings per share averages are an average based on a survey of research firms that follow W.R. Berkley Corporation.

A number of analysts recently issued reports on WRB shares. UBS Group AG (USA) raised their target price on shares of W.R. Berkley Corporation from $63.00 to $66.00 and gave the stock a “sell” rating in a research report on Wednesday, October 25th. Zacks Investment Research lowered shares of W.R. Berkley Corporation from a “hold” rating to a “sell” rating in a research report on Thursday, October 12th. Morgan Stanley restated an “equal weight” rating and set a $70.00 target price (up previously from $68.00) on shares of W.R. Berkley Corporation in a research report on Friday, July 7th. Boenning Scattergood restated a “hold” rating on shares of W.R. Berkley Corporation in a research report on Wednesday, July 26th. Finally, Keefe, Bruyette & Woods restated a “neutral” rating on shares of W.R. Berkley Corporation in a research report on Sunday, September 3rd. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and one has issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $67.75.

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Shares of W.R. Berkley Corporation (WRB) traded up $0.07 on Friday, hitting $69.25. The stock had a trading volume of 464,205 shares, compared to its average volume of 405,011. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 0.47. W.R. Berkley Corporation has a 12-month low of $55.92 and a 12-month high of $73.17. The company has a market cap of $8,400.00, a P/E ratio of 27.34, a PEG ratio of 3.17 and a beta of 0.92.

W.R. Berkley Corporation declared that its Board of Directors has authorized a share buyback plan on Tuesday, August 8th that authorizes the company to repurchase 10,000,000 outstanding shares. This repurchase authorization authorizes the insurance provider to buy shares of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s leadership believes its shares are undervalued.

Several institutional investors and hedge funds have recently made changes to their positions in the business. World Asset Management Inc boosted its holdings in shares of W.R. Berkley Corporation by 0.6% in the 2nd quarter. World Asset Management Inc now owns 6,689 shares of the insurance provider’s stock valued at $463,000 after purchasing an additional 39 shares during the last quarter. D.A. Davidson & CO. boosted its holdings in shares of W.R. Berkley Corporation by 1.2% in the 2nd quarter. D.A. Davidson & CO. now owns 5,836 shares of the insurance provider’s stock valued at $403,000 after purchasing an additional 67 shares during the last quarter. Burney Co. boosted its holdings in shares of W.R. Berkley Corporation by 0.3% in the 2nd quarter. Burney Co. now owns 41,928 shares of the insurance provider’s stock valued at $2,902,000 after purchasing an additional 132 shares during the last quarter. US Bancorp DE boosted its holdings in shares of W.R. Berkley Corporation by 1.9% in the 2nd quarter. US Bancorp DE now owns 7,167 shares of the insurance provider’s stock valued at $495,000 after purchasing an additional 137 shares during the last quarter. Finally, IFP Advisors Inc boosted its holdings in shares of W.R. Berkley Corporation by 6.9% in the 2nd quarter. IFP Advisors Inc now owns 2,207 shares of the insurance provider’s stock valued at $153,000 after purchasing an additional 143 shares during the last quarter. Institutional investors own 70.95% of the company’s stock.

About W.R. Berkley Corporation

W. R. Berkley Corporation is an insurance holding company. It operates through two segments: Insurance and Reinsurance-Global. The Insurance segment consists of its commercial insurance business operations, comprising excess and surplus lines, and admitted lines, throughout the United States, as well as its insurance business operations in the United Kingdom, Continental Europe, South America, Canada, Mexico, Scandinavia, Asia and Australia.

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

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