W. R. Berkley (NYSE:WRB) Issues Earnings Results, Beats Expectations By $0.18 EPS

W. R. Berkley (NYSE:WRB) posted its quarterly earnings data on Monday. The insurance provider reported $1.13 earnings per share for the quarter, topping analysts’ consensus estimates of $0.95 by $0.18, Zacks reports. W. R. Berkley had a net margin of 11.96% and a return on equity of 20.41%.

W. R. Berkley Trading Up 0.2 %

NYSE WRB opened at $59.31 on Wednesday. W. R. Berkley has a 12 month low of $50.73 and a 12 month high of $65.49. The stock has a market capitalization of $22.60 billion, a P/E ratio of 15.19, a PEG ratio of 1.04 and a beta of 0.67. The firm’s 50-day moving average is $60.05 and its two-hundred day moving average is $58.48. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.36 and a quick ratio of 0.36.

W. R. Berkley Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Monday, December 16th were given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.54%. The ex-dividend date was Monday, December 16th. W. R. Berkley’s payout ratio is 8.20%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on WRB. Keefe, Bruyette & Woods lifted their price objective on W. R. Berkley from $60.00 to $61.00 and gave the stock a “market perform” rating in a report on Tuesday. Royal Bank of Canada reiterated a “sector perform” rating and set a $63.00 price target on shares of W. R. Berkley in a research report on Tuesday. StockNews.com upgraded W. R. Berkley from a “hold” rating to a “buy” rating in a report on Tuesday. Truist Financial upped their target price on shares of W. R. Berkley from $64.00 to $68.00 and gave the stock a “buy” rating in a report on Thursday, October 17th. Finally, Wells Fargo & Company boosted their price target on shares of W. R. Berkley from $67.00 to $70.00 and gave the stock an “overweight” rating in a research report on Tuesday. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $64.36.

About W. R. Berkley

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.