W. R. Berkley (NYSE:WRB - Get Free Report) was downgraded by research analysts at StockNews.com from a "buy" rating to a "hold" rating in a report released on Thursday.
Several other equities research analysts have also recently issued reports on the stock. UBS Group lifted their price objective on shares of W. R. Berkley from $81.00 to $93.00 and gave the stock a "buy" rating in a research report on Tuesday, January 30th. BMO Capital Markets upped 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. Truist Financial upped their target price on W. R. Berkley from $83.00 to $95.00 and gave the company a "buy" rating in a report on Thursday, January 25th. Royal Bank of Canada raised their target price on shares of W. R. Berkley from $73.00 to $79.00 and gave the company a "sector perform" rating in a report on Thursday, January 25th. Finally, Evercore ISI upped their price target on shares of W. R. Berkley from $83.00 to $89.00 and gave the company an "in-line" rating in a report on Thursday. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, W. R. Berkley has a consensus rating of "Hold" and an average price target of $88.50.
Check Out Our Latest Stock Report on WRB
W. R. Berkley Trading Down 2.1 %
Shares of WRB stock traded down $1.75 during trading hours on Thursday, hitting $82.18. The company had a trading volume of 1,188,826 shares, compared to its average volume of 1,187,660. The stock has a market capitalization of $21.08 billion, a PE ratio of 16.24, a price-to-earnings-growth ratio of 1.60 and a beta of 0.57. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.37 and a quick ratio of 0.37. W. R. Berkley has a fifty-two week low of $55.50 and a fifty-two week high of $89.18. The company's fifty day moving average is $84.35 and its 200 day moving average is $75.00.
W. R. Berkley (NYSE:WRB - Get Free Report) last posted its quarterly earnings data on Wednesday, January 24th. The insurance provider reported $1.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.35 by $0.10. The firm had revenue of $3.22 billion for 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 company's quarterly revenue was up 6.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.16 EPS. Research analysts expect that W. R. Berkley will post 6.03 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Several institutional investors have recently bought and sold shares of WRB. Bruce G. Allen Investments LLC acquired a new position in W. R. Berkley in the fourth quarter valued at $25,000. Glassman Wealth Services lifted its holdings in shares of W. R. Berkley by 123.1% during the 4th quarter. Glassman Wealth Services now owns 357 shares of the insurance provider's stock worth $25,000 after acquiring an additional 197 shares during the period. Clear Street Markets LLC boosted its position in shares of W. R. Berkley by 92.3% in the first quarter. Clear Street Markets LLC now owns 398 shares of the insurance provider's stock worth $25,000 after acquiring an additional 191 shares during the last quarter. Parkside Financial Bank & Trust grew its holdings in W. R. Berkley by 106.1% in the third quarter. Parkside Financial Bank & Trust now owns 406 shares of the insurance provider's stock valued at $26,000 after purchasing an additional 209 shares during the period. Finally, Raleigh Capital Management Inc. increased its position in W. R. Berkley by 132.6% during the third quarter. Raleigh Capital Management Inc. now owns 414 shares of the insurance provider's stock worth $26,000 after purchasing an additional 236 shares during the last quarter. 68.82% of the stock is currently owned by institutional investors and hedge funds.
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.
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