W.R. Berkley Corporation (NYSE:WRB) was upgraded by stock analysts at Macquarie from an “underperform” rating to an “outperform” rating in a research note issued to investors on Tuesday.
Other equities analysts also recently issued research reports about the company. Zacks Investment Research downgraded W.R. Berkley Corporation from a “hold” rating to a “sell” rating in a report on Monday, December 19th. Deutsche Bank AG increased their target price on W.R. Berkley Corporation from $55.00 to $60.00 and gave the stock a “hold” rating in a research note on Wednesday, October 26th. Finally, Goldman Sachs Group Inc. cut W.R. Berkley Corporation from a “buy” rating to a “neutral” rating and set a $60.00 target price on the stock. in a research note on Tuesday, November 15th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $59.86.
Shares of W.R. Berkley Corporation (NYSE:WRB) opened at 67.17 on Tuesday. The company has a market capitalization of $8.15 billion, a PE ratio of 15.45 and a beta of 0.71. The company has a 50-day moving average price of $65.65 and a 200-day moving average price of $60.03. W.R. Berkley Corporation has a 52 week low of $47.54 and a 52 week high of $67.94.
W.R. Berkley Corporation (NYSE:WRB) last posted its quarterly earnings data on Tuesday, October 25th. The company reported $0.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.85 by $0.03. The business earned $2.02 billion during the quarter, compared to the consensus estimate of $1.89 billion. W.R. Berkley Corporation had a return on equity of 9.28% and a net margin of 7.46%. The firm’s quarterly revenue was up 8.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.91 earnings per share. Analysts predict that W.R. Berkley Corporation will post $3.41 earnings per share for the current year.
Several large investors have recently added to or reduced their stakes in WRB. Investment Counselors of Maryland LLC boosted its stake in W.R. Berkley Corporation by 7.3% in the third quarter. Investment Counselors of Maryland LLC now owns 1,921 shares of the company’s stock valued at $111,000 after buying an additional 130 shares during the period. Advisor Group Inc. acquired a new stake in W.R. Berkley Corporation during the second quarter valued at approximately $125,000. Sei Investments Co. boosted its stake in W.R. Berkley Corporation by 1.4% in the third quarter. Sei Investments Co. now owns 2,305 shares of the company’s stock valued at $133,000 after buying an additional 32 shares during the period. Trust Co. of Vermont acquired a new stake in W.R. Berkley Corporation during the third quarter valued at approximately $153,000. Finally, Brightworth acquired a new stake in W.R. Berkley Corporation during the second quarter valued at approximately $213,000. 71.53% of the stock is currently owned by institutional investors.
About W.R. Berkley Corporation
W. R. Berkley Corporation is an insurance holding company. The Company operates in the three segments of the property casualty insurance business: Insurance-Domestic, Insurance-International and Reinsurance-Global. Its Insurance-Domestic segment includes commercial insurance business, including excess and surplus lines and admitted lines, primarily throughout the United States.