W. R. Berkley (NYSE:WRB) Price Target Increased to $75.00 by Analysts at Morgan Stanley

W. R. Berkley (NYSE:WRBGet Rating) had its target price boosted by Morgan Stanley from $72.00 to $75.00 in a research report sent to investors on Tuesday morning, MarketBeat Ratings reports. The firm currently has an equal weight rating on the insurance provider’s stock.

A number of other equities research analysts also recently issued reports on the company. StockNews.com downgraded W. R. Berkley from a buy rating to a hold rating in a research report on Saturday. Wells Fargo & Company increased their price objective on W. R. Berkley from $83.00 to $85.00 and gave the stock an overweight rating in a research report on Wednesday, October 12th. Argus initiated coverage on W. R. Berkley in a research report on Wednesday, August 3rd. They issued a buy rating and a $72.00 price objective on the stock. UBS Group increased their price objective on W. R. Berkley to $84.00 in a research report on Friday, November 4th. Finally, Janney Montgomery Scott initiated coverage on W. R. Berkley in a research report on Friday, November 11th. They issued a buy rating and a $88.00 price objective on the stock. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, W. R. Berkley currently has a consensus rating of Moderate Buy and an average target price of $77.64.

W. R. Berkley Trading Down 0.0 %

NYSE:WRB opened at $74.16 on Tuesday. The company has a market cap of $19.69 billion, a P/E ratio of 15.98, a P/E/G ratio of 1.90 and a beta of 0.64. The stock’s fifty day moving average price is $69.68 and its two-hundred day moving average price is $67.65. W. R. Berkley has a 1 year low of $50.44 and a 1 year high of $76.06. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.37 and a quick ratio of 0.37.

W. R. Berkley (NYSE:WRBGet Rating) last posted its earnings results on Monday, October 24th. The insurance provider reported $1.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.16. The firm had revenue of $2.44 billion for the quarter, compared to the consensus estimate of $2.44 billion. W. R. Berkley had a return on equity of 17.98% and a net margin of 12.05%. The business’s quarterly revenue was up 17.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.88 earnings per share. As a group, analysts expect that W. R. Berkley will post 4.29 EPS for the current year.

W. R. Berkley Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, October 3rd. Investors of record on Monday, September 26th were paid a $0.10 dividend. The ex-dividend date of this dividend was Friday, September 23rd. This represents a $0.40 dividend on an annualized basis and a yield of 0.54%. W. R. Berkley’s dividend payout ratio is presently 8.62%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Bogart Wealth LLC grew its stake in shares of W. R. Berkley by 43.2% during the third quarter. Bogart Wealth LLC now owns 451 shares of the insurance provider’s stock valued at $29,000 after buying an additional 136 shares during the last quarter. Prospera Financial Services Inc grew its stake in shares of W. R. Berkley by 4.2% during the third quarter. Prospera Financial Services Inc now owns 3,558 shares of the insurance provider’s stock valued at $230,000 after buying an additional 143 shares during the last quarter. Wolff Wiese Magana LLC grew its stake in shares of W. R. Berkley by 49.3% during the first quarter. Wolff Wiese Magana LLC now owns 448 shares of the insurance provider’s stock valued at $30,000 after buying an additional 148 shares during the last quarter. First Manhattan Co. grew its stake in shares of W. R. Berkley by 50.0% during the first quarter. First Manhattan Co. now owns 486 shares of the insurance provider’s stock valued at $32,000 after buying an additional 162 shares during the last quarter. Finally, Kentucky Retirement Systems Insurance Trust Fund grew its stake in shares of W. R. Berkley by 2.3% during the third quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 7,320 shares of the insurance provider’s stock valued at $473,000 after buying an additional 162 shares during the last quarter. Institutional investors own 69.05% of the company’s stock.

W. R. Berkley Company Profile

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W. R. Berkley Corporation, an insurance holding company, operates as a commercial lines writer in the United States and internationally. It operates in two segments, Insurance and Reinsurance & Monoline Excess. The Insurance segment underwrites commercial insurance business, including premises operations, commercial automobile, property, products liability, and general and professional liability lines.

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

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