Equities analysts forecast that W. R. Berkley Corp (NYSE:WRB) will post $1.75 billion in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for W. R. Berkley’s earnings. W. R. Berkley posted sales of $1.78 billion during the same quarter last year, which would indicate a negative year over year growth rate of 1.7%. The company is expected to report its next quarterly earnings report after the market closes on Tuesday, January 30th.

According to Zacks, analysts expect that W. R. Berkley will report full year sales of $1.75 billion for the current year, with estimates ranging from $7.00 billion to $7.29 billion. For the next fiscal year, analysts anticipate that the business will post sales of $7.17 billion per share, with estimates ranging from $7.13 billion to $7.22 billion. Zacks’ sales calculations are an average based on a survey of research analysts that that provide coverage for W. R. Berkley.

W. R. Berkley (NYSE:WRB) last released its earnings results on Tuesday, October 24th. The insurance provider reported $0.36 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.32 by $0.04. W. R. Berkley had a return on equity of 6.14% and a net margin of 7.09%.

Several equities analysts recently weighed in on the company. Zacks Investment Research upgraded W. R. Berkley from a “hold” rating to a “buy” rating and set a $79.00 target price on the stock in a research report on Wednesday, December 27th. Deutsche Bank raised their price objective on W. R. Berkley from $65.00 to $66.00 and gave the stock a “hold” rating in a report on Wednesday, October 25th. Bank of America raised their price objective on W. R. Berkley from $73.00 to $74.00 and gave the stock a “neutral” rating in a report on Wednesday, October 25th. Boenning Scattergood restated a “hold” rating on shares of W. R. Berkley in a report on Wednesday, October 25th. Finally, UBS Group raised their price objective on W. R. Berkley from $63.00 to $66.00 and gave the stock a “sell” rating in a report on Wednesday, October 25th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $70.38.

Institutional investors have recently added to or reduced their stakes in the company. Atlanta Capital Management Co. L L C grew its stake in shares of W. R. Berkley by 33.2% in the second quarter. Atlanta Capital Management Co. L L C now owns 3,564,878 shares of the insurance provider’s stock valued at $246,583,000 after buying an additional 888,016 shares in the last quarter. Janus Henderson Group PLC grew its stake in shares of W. R. Berkley by 5,691.5% in the second quarter. Janus Henderson Group PLC now owns 683,863 shares of the insurance provider’s stock valued at $47,303,000 after buying an additional 672,055 shares in the last quarter. Victory Capital Management Inc. grew its stake in shares of W. R. Berkley by 18.5% in the third quarter. Victory Capital Management Inc. now owns 2,859,546 shares of the insurance provider’s stock valued at $190,846,000 after buying an additional 446,774 shares in the last quarter. Renaissance Technologies LLC grew its stake in shares of W. R. Berkley by 778.9% in the second quarter. Renaissance Technologies LLC now owns 370,900 shares of the insurance provider’s stock valued at $25,655,000 after buying an additional 328,700 shares in the last quarter. Finally, Vanguard Group Inc. grew its stake in shares of W. R. Berkley by 2.1% in the second quarter. Vanguard Group Inc. now owns 8,908,862 shares of the insurance provider’s stock valued at $616,226,000 after buying an additional 184,805 shares in the last quarter. Institutional investors own 71.03% of the company’s stock.

W. R. Berkley (NYSE:WRB) traded up $0.83 during midday trading on Tuesday, reaching $69.44. The company had a trading volume of 419,300 shares, compared to its average volume of 415,600. W. R. Berkley has a 1 year low of $62.00 and a 1 year high of $73.17. The stock has a market capitalization of $8,457.43, a P/E ratio of 16.26, a PEG ratio of 2.15 and a beta of 0.91. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.34 and a quick ratio of 0.34.

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About W. R. Berkley

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 (NYSE:WRB)

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