W. R. Berkley Corp (NYSE:WRB) – Equities research analysts at Langen Mcalenn cut their Q1 2018 earnings estimates for shares of W. R. Berkley in a research report issued to clients and investors on Wednesday. Langen Mcalenn analyst L. Greenberg now anticipates that the insurance provider will post earnings per share of $0.93 for the quarter, down from their prior forecast of $0.99. Langen Mcalenn also issued estimates for W. R. Berkley’s Q2 2018 earnings at $0.83 EPS, Q3 2018 earnings at $0.86 EPS, Q4 2018 earnings at $0.93 EPS and Q3 2019 earnings at $0.92 EPS.
A number of other equities research analysts also recently weighed in on the company. Royal Bank of Canada reissued a “hold” rating on shares of W. R. Berkley in a research report on Wednesday, January 31st. Boenning Scattergood restated a “hold” rating on shares of W. R. Berkley in a research note on Wednesday, January 31st. Zacks Investment Research upgraded shares of W. R. Berkley from a “hold” rating to a “buy” rating and set a $79.00 price target for the company in a research note on Wednesday, December 27th. Keefe, Bruyette & Woods restated a “hold” rating and set a $69.00 price target on shares of W. R. Berkley in a research note on Friday, November 17th. Finally, Deutsche Bank raised their price target on shares of W. R. Berkley from $65.00 to $66.00 and gave the stock a “hold” rating in a research note on Wednesday, October 25th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $70.38.
Several large investors have recently bought and sold shares of WRB. Advisor Group Inc. raised its stake in shares of W. R. Berkley by 50.7% in the second quarter. Advisor Group Inc. now owns 3,370 shares of the insurance provider’s stock valued at $233,000 after acquiring an additional 1,134 shares during the last quarter. Renaissance Technologies LLC raised 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 acquiring an additional 328,700 shares during the last quarter. Tudor Investment Corp ET AL increased its holdings in shares of W. R. Berkley by 25.3% in the second quarter. Tudor Investment Corp ET AL now owns 6,687 shares of the insurance provider’s stock valued at $463,000 after purchasing an additional 1,349 shares in the last quarter. Employees Retirement System of Texas acquired a new stake in shares of W. R. Berkley in the second quarter valued at approximately $1,107,000. Finally, Zurich Insurance Group Ltd FI acquired a new stake in shares of W. R. Berkley in the second quarter valued at approximately $1,478,000. Institutional investors own 71.02% of the company’s stock.
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W. R. Berkley Company Profile
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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