FY2018 EPS Estimates for W. R. Berkley Corp Raised by Analyst (WRB)

W. R. Berkley Corp (NYSE:WRB) – Equities researchers at Langen Mcalenn lifted their FY2018 earnings per share (EPS) estimates for W. R. Berkley in a note issued to investors on Tuesday. Langen Mcalenn analyst L. Greenberg now forecasts that the insurance provider will earn $3.79 per share for the year, up from their prior estimate of $3.15.

W. R. Berkley (NYSE:WRB) last issued its quarterly earnings results on Tuesday, October 24th. The insurance provider reported $0.36 EPS for the quarter, topping the Zacks’ 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%.

A number of other analysts have also recently commented on the company. Zacks Investment Research raised W. R. Berkley from a “hold” rating to a “buy” rating and set a $79.00 price target for the company in a research report on Wednesday, December 27th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $69.00 price target on shares of W. R. Berkley in a research report on Friday, November 17th. Deutsche Bank lifted their price target on W. R. Berkley from $65.00 to $66.00 and gave the stock a “hold” rating in a research report on Wednesday, October 25th. Bank of America lifted their price target on W. R. Berkley from $73.00 to $74.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 25th. Finally, Boenning Scattergood reaffirmed a “hold” rating on shares of W. R. Berkley in a research report on Wednesday, October 25th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and one has assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $70.38.

Shares of W. R. Berkley (NYSE WRB) traded down $0.09 on Friday, reaching $70.02. The company’s stock had a trading volume of 553,900 shares, compared to its average volume of 410,925. W. R. Berkley has a 12 month low of $62.00 and a 12 month high of $73.17. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.45. The firm has a market cap of $8,590.00, a PE ratio of 16.48, a P/E/G ratio of 2.16 and a beta of 0.91.

Several hedge funds have recently modified their holdings of WRB. Prudential Financial Inc. lifted its holdings in shares of W. R. Berkley by 1.6% in the 2nd quarter. Prudential Financial Inc. now owns 60,434 shares of the insurance provider’s stock valued at $4,180,000 after buying an additional 946 shares during the period. Schroder Investment Management Group acquired a new position in shares of W. R. Berkley in the 2nd quarter valued at about $850,000. Franklin Resources Inc. lifted its holdings in shares of W. R. Berkley by 1.0% in the 2nd quarter. Franklin Resources Inc. now owns 30,431 shares of the insurance provider’s stock valued at $2,105,000 after buying an additional 294 shares during the period. Aberdeen Asset Management PLC UK lifted its holdings in shares of W. R. Berkley by 190.1% in the 2nd quarter. Aberdeen Asset Management PLC UK now owns 8,558 shares of the insurance provider’s stock valued at $592,000 after buying an additional 5,608 shares during the period. Finally, Teachers Advisors LLC lifted its holdings in shares of W. R. Berkley by 1.3% in the 2nd quarter. Teachers Advisors LLC now owns 294,427 shares of the insurance provider’s stock valued at $20,366,000 after buying an additional 3,689 shares during the period. 71.03% of the stock is owned by institutional investors and hedge funds.

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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.

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

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