W. R. Berkley (NYSE:WRB) was downgraded by stock analysts at Bank of America from a “neutral” rating to an “underperform” rating in a report released on Thursday, The Fly reports. The analysts noted that the move was a valuation call.
A number of other equities analysts have also weighed in on WRB. Zacks Investment Research lowered W. R. Berkley from a “buy” rating to a “hold” rating in a research report on Tuesday, February 20th. ValuEngine raised W. R. Berkley from a “hold” rating to a “buy” rating in a research report on Thursday, April 26th. Finally, Boenning Scattergood reaffirmed a “hold” rating on shares of W. R. Berkley in a research report on Wednesday, April 25th. Three equities research 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 has a consensus rating of “Hold” and a consensus price target of $70.38.
Shares of W. R. Berkley opened at $76.55 on Thursday, MarketBeat Ratings reports. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 0.49. W. R. Berkley has a twelve month low of $62.00 and a twelve month high of $79.74. The company has a market cap of $9.49 billion, a PE ratio of 31.12, a PEG ratio of 2.39 and a beta of 0.81.
W. R. Berkley (NYSE:WRB) last issued its earnings results on Tuesday, April 24th. The insurance provider reported $1.00 earnings per share for the quarter, topping analysts’ consensus estimates of $0.89 by $0.11. W. R. Berkley had a return on equity of 6.53% and a net margin of 7.68%. The company had revenue of $1.57 billion for the quarter, compared to analyst estimates of $1.57 billion. During the same period in the prior year, the firm earned $0.96 earnings per share. W. R. Berkley’s revenue for the quarter was down .2% on a year-over-year basis. equities analysts predict that W. R. Berkley will post 3.63 EPS for the current fiscal year.
A number of institutional investors have recently made changes to their positions in WRB. Tower Research Capital LLC TRC grew its holdings in W. R. Berkley by 683.0% during the second quarter. Tower Research Capital LLC TRC now owns 1,566 shares of the insurance provider’s stock worth $108,000 after buying an additional 1,366 shares in the last quarter. Investment Counselors of Maryland LLC grew its holdings in W. R. Berkley by 7.3% during the third quarter. Investment Counselors of Maryland LLC now owns 1,921 shares of the insurance provider’s stock worth $111,000 after buying an additional 130 shares in the last quarter. NEXT Financial Group Inc grew its holdings in W. R. Berkley by 243.9% during the second quarter. NEXT Financial Group Inc now owns 1,809 shares of the insurance provider’s stock worth $125,000 after buying an additional 1,283 shares in the last quarter. Optimum Investment Advisors bought a new stake in W. R. Berkley during the first quarter worth $127,000. Finally, Ladenburg Thalmann Financial Services Inc. grew its holdings in W. R. Berkley by 7.3% during the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,002 shares of the insurance provider’s stock worth $128,000 after buying an additional 137 shares in the last quarter. Institutional investors and hedge funds own 71.85% of the company’s stock.
About W. R. Berkley
W. R. Berkley Corporation, an insurance holding company, operates as a commercial lines writer in the United States and internationally. It operates through two segments, Insurance and Reinsurance. The Insurance segment underwrites commercial insurance business, including premises operations, commercial automobile, property, products liability, and professional liability lines.
Receive News & Ratings for W. R. Berkley Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for W. R. Berkley and related companies with MarketBeat.com's FREE daily email newsletter.