W.R. Berkley Corporation (NYSE:WRB) Receives $70.64 Average Target Price from Analysts

W.R. Berkley Corporation (NYSE:WRBGet Free Report) has received an average recommendation of “Hold” from the twelve research firms that are currently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $70.64.

Several brokerages recently commented on WRB. UBS Group lifted their target price on shares of W.R. Berkley from $73.00 to $78.00 and gave the stock a “buy” rating in a report on Monday, April 28th. Jefferies Financial Group lifted their target price on shares of W.R. Berkley from $57.00 to $66.00 and gave the stock a “hold” rating in a report on Friday, April 11th. Wall Street Zen downgraded shares of W.R. Berkley from a “buy” rating to a “hold” rating in a report on Wednesday, May 21st. Keefe, Bruyette & Woods lifted their target price on shares of W.R. Berkley from $65.00 to $75.00 and gave the stock a “market perform” rating in a report on Monday, May 19th. Finally, Truist Financial boosted their price objective on shares of W.R. Berkley from $68.00 to $80.00 and gave the company a “buy” rating in a report on Thursday, April 3rd.

Read Our Latest Stock Report on W.R. Berkley

W.R. Berkley Stock Performance

Shares of WRB stock opened at $73.54 on Thursday. The company has a market capitalization of $27.90 billion, a price-to-earnings ratio of 17.06, a PEG ratio of 2.53 and a beta of 0.42. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.36 and a current ratio of 0.36. The company has a 50-day simple moving average of $72.26 and a 200 day simple moving average of $65.30. W.R. Berkley has a 52 week low of $51.41 and a 52 week high of $76.38.

W.R. Berkley (NYSE:WRBGet Free Report) last announced its earnings results on Monday, April 21st. The insurance provider reported $1.01 EPS for the quarter, missing the consensus estimate of $1.08 by ($0.07). The company had revenue of $3.01 billion for the quarter, compared to the consensus estimate of $3.01 billion. W.R. Berkley had a return on equity of 19.66% and a net margin of 12.43%. On average, sell-side analysts predict that W.R. Berkley will post 4.33 earnings per share for the current year.

W.R. Berkley Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 23rd will be issued a $0.09 dividend. The ex-dividend date of this dividend is Monday, June 23rd. This represents a $0.36 dividend on an annualized basis and a yield of 0.49%. This is an increase from W.R. Berkley’s previous quarterly dividend of $0.08. W.R. Berkley’s payout ratio is currently 7.42%.

Institutional Trading of W.R. Berkley

Institutional investors have recently bought and sold shares of the business. Spectrum Wealth Counsel LLC acquired a new position in shares of W.R. Berkley in the 1st quarter valued at approximately $29,000. Garde Capital Inc. acquired a new position in shares of W.R. Berkley in the 1st quarter valued at approximately $30,000. Optiver Holding B.V. raised its position in shares of W.R. Berkley by 107.3% in the 4th quarter. Optiver Holding B.V. now owns 427 shares of the insurance provider’s stock valued at $25,000 after buying an additional 221 shares in the last quarter. N.E.W. Advisory Services LLC acquired a new position in shares of W.R. Berkley in the 1st quarter valued at approximately $36,000. Finally, Keystone Global Partners LLC acquired a new position in shares of W.R. Berkley in the 1st quarter valued at approximately $41,000. Institutional investors own 68.82% of the company’s stock.

About W.R. Berkley

(Get Free Report

W. R. Berkley Corporation, an insurance holding company, operates as a commercial lines writers worldwide. It operates in two segments, Insurance and Reinsurance & Monoline Excess. The Insurance segment underwrites commercial insurance business, including excess and surplus lines, admitted lines, and specialty personal lines.

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Analyst Recommendations for W.R. Berkley (NYSE:WRB)

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