Brokerages expect W. R. Berkley Corp (NYSE:WRB) to report sales of $1.81 billion for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for W. R. Berkley’s earnings, with the highest sales estimate coming in at $1.83 billion and the lowest estimate coming in at $1.80 billion. W. R. Berkley reported sales of $1.77 billion in the same quarter last year, which suggests a positive year over year growth rate of 2.3%. The firm is scheduled to report its next quarterly earnings report on Tuesday, April 23rd.
On average, analysts expect that W. R. Berkley will report full-year sales of $7.41 billion for the current year, with estimates ranging from $7.32 billion to $7.45 billion. For the next fiscal year, analysts forecast that the business will post sales of $7.74 billion, with estimates ranging from $7.62 billion to $7.83 billion. Zacks’ sales averages are a mean average based on a survey of research firms that follow W. R. Berkley.
Several equities analysts have recently weighed in on the company. Zacks Investment Research cut W. R. Berkley from a “hold” rating to a “sell” rating in a report on Monday, January 21st. Morgan Stanley lowered their price target on W. R. Berkley from $74.00 to $73.00 and set an “equal weight” rating on the stock in a report on Thursday, January 3rd. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company. W. R. Berkley presently has a consensus rating of “Hold” and a consensus price target of $77.40.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. State of Tennessee Treasury Department raised its holdings in W. R. Berkley by 2.0% in the 4th quarter. State of Tennessee Treasury Department now owns 48,341 shares of the insurance provider’s stock worth $3,573,000 after purchasing an additional 961 shares during the period. Advisor Group Inc. raised its holdings in W. R. Berkley by 5.2% in the 4th quarter. Advisor Group Inc. now owns 4,730 shares of the insurance provider’s stock worth $350,000 after purchasing an additional 235 shares during the period. Royce & Associates LP raised its holdings in W. R. Berkley by 12.8% in the 4th quarter. Royce & Associates LP now owns 20,310 shares of the insurance provider’s stock worth $1,501,000 after purchasing an additional 2,300 shares during the period. Raymond James Financial Services Advisors Inc. raised its holdings in W. R. Berkley by 4.8% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 4,071 shares of the insurance provider’s stock worth $301,000 after purchasing an additional 186 shares during the period. Finally, Scotia Capital Inc. bought a new position in W. R. Berkley in the 4th quarter worth $233,000. 73.32% of the stock is currently owned by hedge funds and other institutional investors.
NYSE WRB opened at $80.23 on Tuesday. The firm has a market cap of $9.79 billion, a PE ratio of 20.01, a PEG ratio of 2.34 and a beta of 0.75. 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 1-year low of $67.17 and a 1-year high of $81.00.
W. R. Berkley Company Profile
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.
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