W. R. Berkley (WRB) Scheduled to Post Quarterly Earnings on Tuesday

W. R. Berkley (NYSE:WRBGet Free Report) will be announcing its earnings results before the market opens on Tuesday, April 23rd. Analysts expect the company to announce earnings of $1.49 per share for the quarter. Investors that are interested in participating in the company’s conference call can do so using this link.

W. R. Berkley (NYSE:WRBGet Free Report) last issued its earnings results on Wednesday, January 24th. The insurance provider reported $1.45 EPS for the quarter, topping the consensus estimate of $1.35 by $0.10. The firm had revenue of $3.22 billion during the quarter, compared to the consensus estimate of $2.70 billion. W. R. Berkley had a return on equity of 19.03% and a net margin of 11.38%. The business’s quarterly revenue was up 6.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.16 earnings per share. On average, analysts expect W. R. Berkley to post $6 EPS for the current fiscal year and $7 EPS for the next fiscal year.

W. R. Berkley Stock Up 1.8 %

Shares of NYSE WRB opened at $82.40 on Friday. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.38. The company has a market cap of $21.14 billion, a price-to-earnings ratio of 16.28, a PEG ratio of 1.51 and a beta of 0.57. W. R. Berkley has a 12 month low of $55.50 and a 12 month high of $89.18. The stock has a 50-day moving average price of $84.53 and a two-hundred day moving average price of $75.87.

W. R. Berkley Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 13th. Stockholders of record on Monday, March 4th were issued a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 0.53%. The ex-dividend date of this dividend was Friday, March 1st. W. R. Berkley’s dividend payout ratio (DPR) is currently 8.70%.

Analyst Upgrades and Downgrades

Several brokerages recently commented on WRB. Royal Bank of Canada upped their target price on W. R. Berkley from $73.00 to $79.00 and gave the company a “sector perform” rating in a report on Thursday, January 25th. Keefe, Bruyette & Woods increased their price target on W. R. Berkley from $85.00 to $88.00 and gave the stock a “market perform” rating in a report on Wednesday, April 10th. BMO Capital Markets increased their price target on W. R. Berkley from $71.00 to $81.00 and gave the stock a “market perform” rating in a report on Friday, January 26th. Evercore ISI upped their target price on W. R. Berkley from $83.00 to $89.00 and gave the stock an “in-line” rating in a research report on Thursday, April 11th. Finally, Truist Financial upped their target price on W. R. Berkley from $83.00 to $95.00 and gave the stock a “buy” rating in a research report on Thursday, January 25th. Five research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, W. R. Berkley has a consensus rating of “Moderate Buy” and an average target price of $89.22.

View Our Latest Report on W. R. Berkley

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of WRB. AMI Investment Management Inc. grew its stake in W. R. Berkley by 47.6% in the 1st quarter. AMI Investment Management Inc. now owns 4,609 shares of the insurance provider’s stock valued at $307,000 after purchasing an additional 1,487 shares during the period. American Century Companies Inc. grew its stake in W. R. Berkley by 73.3% in the 1st quarter. American Century Companies Inc. now owns 18,008 shares of the insurance provider’s stock valued at $1,199,000 after purchasing an additional 7,615 shares during the period. US Bancorp DE grew its stake in W. R. Berkley by 120.9% in the 1st quarter. US Bancorp DE now owns 12,086 shares of the insurance provider’s stock valued at $804,000 after purchasing an additional 6,614 shares during the period. Cambridge Investment Research Advisors Inc. grew its stake in W. R. Berkley by 55.9% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 11,874 shares of the insurance provider’s stock valued at $791,000 after purchasing an additional 4,260 shares during the period. Finally, Cetera Advisor Networks LLC bought a new position in W. R. Berkley in the 1st quarter valued at $200,000. 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.

Further Reading

Earnings History for W. R. Berkley (NYSE:WRB)

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