W. R. Berkley (NYSE:WRB - Get Free Report) had its target price lifted by stock analysts at Keefe, Bruyette & Woods from $62.00 to $65.00 in a research report issued on Tuesday,Benzinga reports. The brokerage currently has a "market perform" rating on the insurance provider's stock. Keefe, Bruyette & Woods' target price points to a potential downside of 7.76% from the company's current price.
WRB has been the topic of several other reports. Jefferies Financial Group upped their price target on shares of W. R. Berkley from $57.00 to $66.00 and gave the stock a "hold" rating in a research report on Friday, April 11th. Truist Financial upped their target price 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. Barclays lifted their price target on W. R. Berkley from $52.00 to $62.00 and gave the stock an "underweight" rating in a report on Friday, April 11th. StockNews.com lowered W. R. Berkley from a "buy" rating to a "hold" rating in a research note on Friday, April 11th. Finally, Wells Fargo & Company raised their price objective on W. R. Berkley from $69.00 to $70.00 and gave the company an "equal weight" rating in a research report on Tuesday, April 22nd. One analyst has rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $67.64.
Read Our Latest Stock Analysis on W. R. Berkley
W. R. Berkley Stock Down 1.8 %
Shares of NYSE:WRB traded down $1.28 during midday trading on Tuesday, reaching $70.47. The company had a trading volume of 1,814,722 shares, compared to its average volume of 1,771,303. W. R. Berkley has a 1-year low of $51.13 and a 1-year high of $76.38. The stock has a market cap of $26.73 billion, a PE ratio of 16.15, a P/E/G ratio of 1.56 and a beta of 0.40. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 0.34. The business's 50 day moving average price is $65.50 and its 200 day moving average price is $61.83.
W. R. Berkley (NYSE:WRB - Get Free Report) last posted its quarterly earnings results on Monday, April 21st. The insurance provider reported $1.01 earnings per share 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 analyst estimates of $3.01 billion. W. R. Berkley had a return on equity of 20.83% and a net margin of 12.88%. Research analysts forecast that W. R. Berkley will post 4.33 EPS for the current fiscal year.
Institutional Investors Weigh In On W. R. Berkley
A number of hedge funds and other institutional investors have recently modified their holdings of WRB. Amundi raised its stake in W. R. Berkley by 43.1% in the 4th quarter. Amundi now owns 1,477,932 shares of the insurance provider's stock worth $85,853,000 after purchasing an additional 444,986 shares in the last quarter. Principal Financial Group Inc. increased its holdings in shares of W. R. Berkley by 211.3% during the third quarter. Principal Financial Group Inc. now owns 3,674,171 shares of the insurance provider's stock worth $208,436,000 after purchasing an additional 2,493,758 shares during the period. Brown Lisle Cummings Inc. acquired a new stake in shares of W. R. Berkley in the fourth quarter valued at approximately $982,000. Merit Financial Group LLC bought a new stake in shares of W. R. Berkley in the fourth quarter valued at approximately $560,000. Finally, HighPoint Advisor Group LLC grew its position in W. R. Berkley by 12.0% during the fourth quarter. HighPoint Advisor Group LLC now owns 4,967 shares of the insurance provider's stock worth $304,000 after buying an additional 532 shares in the last quarter. Institutional investors and hedge funds own 68.82% of the company's stock.
W. R. Berkley Company Profile
(
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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