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W. R. Berkley (WRB) Stock Price, News & Analysis

$54.07
+1.60 (+3.05%)
(As of 07/26/2024 ET)
Today's Range
$52.64
$54.16
50-Day Range
$51.54
$79.63
52-Week Range
$40.25
$59.46
Volume
1.38 million shs
Average Volume
1.80 million shs
Market Capitalization
$20.74 billion
P/E Ratio
14.38
Dividend Yield
0.59%
Price Target
$60.07

W. R. Berkley MarketRank™ Stock Analysis

Analyst Rating
Hold
2.44 Rating Score
Upside/​Downside
11.1% Upside
$60.07 Price Target
Short Interest
Healthy
2.70% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.50
Upright™ Environmental Score
News Sentiment
0.51mentions of W. R. Berkley in the last 14 days
Based on 25 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
7.07%
From $3.96 to $4.24 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.93 out of 5 stars

Finance Sector

17th out of 898 stocks

Fire, Marine, & Casualty Insurance Industry

2nd out of 54 stocks

WRB stock logo

About W. R. Berkley Stock (NYSE:WRB)

W. R. Berkley Corporation was founded in 1967 by W.R. Berkley with the goal of creating sustainable, long-term value. As of November 2022, Mr. Berkley remained as executive chairman with his son W.R. Berkley Jr. in the CEO's office. The company is based in Greenwich, Connecticut, and operates as an insurance holding company in the U.S. and internationally. It is one of the largest commercial lines insurers in the US and has more than 190 offices worldwide.
 
The company’s operations have grown steadily since its founding, including several key acquisitions. The company now operates in two segments which are Insurance and Reinsurance & Monoline Excess. The Insurance segment underwrites commercial insurance businesses of all varieties. The Reinsurance & Monoline Excess segment provides reinsurance services to other insurance agencies and self-insured organizations. W. R. Berkley Corporation went public in 1973 and is now listed 397th on the Forbes Fortune 500 list.
 
There are more than 50 businesses operating under the Berkley umbrella. They each capitalize on niche markets that require specialized knowledge about industries, regions, or business structures. The company’s goal is to create peace of mind, both by simplifying the insurance buying process and by providing the insurance products its customers need.
 
W. R. Berkley was added to the S&P 500 in 2019. The company’s market cap grew more than 20% or over $1 billion in the first year alone. As of November 2022, the company is worth upwards of $19.5 billion or more than a 200% increase since its launch. The company’s underlying insurance businesses are all rated A+ by Standard & Poors and A.M. Best.
 
Some of the key businesses and industries served by W.R. Berkley include but are not limited to agribusiness, cannabis, energy, environmental, hospitality, manufacturing, public entity, retail, and transportation. Some of the products offered include but are not limited to workers' compensation, general liability, commercial auto & trucking, accident & health, cyber, and property. In 2021, the company brought in more than $9.5 billion in revenue and produced a 16.2% return on stockholders' equity.



WRB Stock Price History

WRB Stock News Headlines

W. R. Berkley (NYSE:WRB) PT Lowered to $59.00
Nvidia insiders dumping shares
All the signs show the AI market is about to reverse. And unless you know what’s really going on in this sector, you could be wiped out. Inside this new expose, you'll discover exactly how the AI crisis will unfold... how you can prepare for it before it's too late... and how you can potentially profit from it, too. Click here to read the new expose, The Big AI Die-Up while you still can.
W. R. Berkley (NYSE:WRB) Announces Earnings Results
Hold Rating on W. R. Berkley Corporation Amidst Mixed Financial Signals
Nvidia insiders dumping shares
All the signs show the AI market is about to reverse. And unless you know what’s really going on in this sector, you could be wiped out. Inside this new expose, you'll discover exactly how the AI crisis will unfold... how you can prepare for it before it's too late... and how you can potentially profit from it, too. Click here to read the new expose, The Big AI Die-Up while you still can.
KBW Sticks to Their Hold Rating for W. R. Berkley Corporation (WRB)
W. R. Berkley Corporation Q2 Income Increases In Line With Estimates
W.R. Berkley Q2 2024 Earnings Preview
W. R. Berkley (NYSE:WRB) Shares Down 6.2%
See More Headlines
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Company Calendar

Ex-Dividend for 6/28 Dividend
6/24/2024
Dividend Payable
6/28/2024
Last Earnings
7/22/2024
Today
7/26/2024
Next Earnings (Estimated)
10/28/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
Fire, marine, & casualty insurance
Sub-Industry
Property & Casualty Insurance
CUSIP
08442310
Employees
8,329
Year Founded
1967

Price Target and Rating

Average Stock Price Target
$60.07
High Stock Price Target
$68.67
Low Stock Price Target
$55.33
Potential Upside/Downside
+11.1%
Consensus Rating
Hold
Rating Score (0-4)
2.44
Research Coverage
9 Analysts

Profitability

Net Income
$1.38 billion
Pretax Margin
15.46%

Debt

Sales & Book Value

Annual Sales
$12.14 billion
Cash Flow
$3.54 per share
Book Value
$19.31 per share

Miscellaneous

Free Float
295,290,000
Market Cap
$20.73 billion
Optionable
Optionable
Beta
0.61

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Key Executives

  • Mr. William Robert Berkley (Age 79)
    Executive Chairman of the Board
    Comp: $13.06M
  • Mr. William Robert Berkley Jr. (Age 51)
    President, CEO & Director
    Comp: $12.76M
  • Mr. Richard Mark Baio (Age 55)
    Executive VP & CFO
    Comp: $2.35M
  • Mr. James Gerald Shiel (Age 64)
    Executive Vice President of Investments
    Comp: $2.48M
  • Ms. Lucille T. Sgaglione (Age 74)
    Executive Vice President
    Comp: $2.37M
  • Mr. A. Scott Mansolillo
    Senior VP & Chief Compliance Officer
  • Mr. Liberatore John Iannarone
    Senior VP & General Counsel
  • Ms. Karen A. Horvath
    Vice President of External Financial Communications
  • Mr. Jonathan M. Levine
    VP & Chief Marketing Officer
  • Ms. Carol Josephine LaPunzina (Age 62)
    Senior Vice President of Human Resources

Should I Buy W. R. Berkley Stock? WRB Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in W. R. Berkley Co.:

  • W. R. Berkley Co. has shown consistent revenue growth over the past few quarters, indicating a strong financial performance.
  • The company's return on equity of 20.51% demonstrates efficient utilization of shareholder funds to generate profits.
  • With a moderate PEG ratio of 1.04, the stock may be considered reasonably valued based on its earnings growth potential.
  • W. R. Berkley Co.'s current stock price of $79.61 presents a potential buying opportunity for investors looking to enter at a lower price point.
  • The company's diverse operations in commercial insurance and reinsurance segments provide a balanced revenue stream.

Cons

Investors should be bearish about investing in W. R. Berkley Co. for these reasons:

  • Some analysts have issued hold ratings on the stock, indicating uncertainty about its future performance.
  • The company's debt-to-equity ratio of 0.36 may raise concerns about its leverage levels.
  • Market analysts have revised price targets downwards, suggesting potential challenges in the near term.
  • Despite recent positive earnings results, there could be volatility in the insurance industry affecting W. R. Berkley Co.'s profitability.
  • The stock's beta of 0.63 indicates lower volatility compared to the market, potentially limiting upside gains for more aggressive investors.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Monday, July 1, 2024. Please send any questions or comments about these W. R. Berkley pros and cons to contact@marketbeat.com.

WRB Stock Analysis - Frequently Asked Questions

How have WRB shares performed this year?

W. R. Berkley's stock was trading at $47.1467 at the start of the year. Since then, WRB shares have increased by 14.7% and is now trading at $54.07.
View the best growth stocks for 2024 here
.

How were W. R. Berkley's earnings last quarter?

W. R. Berkley Co. (NYSE:WRB) announced its earnings results on Monday, July, 22nd. The insurance provider reported $1.04 EPS for the quarter, topping the consensus estimate of $0.92 by $0.12. W. R. Berkley's revenue was up 10.6% compared to the same quarter last year.
Read the conference call transcript
.

When did W. R. Berkley's stock split?

W. R. Berkley shares split on Wednesday, July 10th 2024. The 3-2 split was announced on Wednesday, June 12th 2024. The newly issued shares were payable to shareholders after the market closes on Tuesday, July 9th 2024. An investor that had 100 shares of stock prior to the split would have 150 shares after the split.

What is W. Robert Berkley, Jr.'s approval rating as W. R. Berkley's CEO?

63 employees have rated W. R. Berkley Chief Executive Officer W. Robert Berkley, Jr. on Glassdoor.com. W. Robert Berkley, Jr. has an approval rating of 88% among the company's employees. 70.0% of employees surveyed would recommend working at W. R. Berkley to a friend.

Does W. R. Berkley have any subsidiaries?

W. R. Berkley subsidiaries include these companies: Intrepid Insurance Company, American Mining Insurance Company, Garnet Captive Services, 120dB Films Capital LLC, 120dB Films Lending LLC, 34 Leadenhall Street Limited, 52 Lime Street Management Limited, and others.

Who are W. R. Berkley's major shareholders?

W. R. Berkley's top institutional investors include Bank of New York Mellon Corp (0.41%), Confluence Investment Management LLC (0.36%), Raymond James & Associates (0.22%) and Sumitomo Mitsui Trust Holdings Inc. (0.13%).
View institutional ownership trends
.

How do I buy shares of W. R. Berkley?

Shares of WRB stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of W. R. Berkley own?

Based on aggregate information from My MarketBeat watchlists, some other companies that W. R. Berkley investors own include Cisco Systems (CSCO), Starbucks (SBUX), AT&T (T), Verizon Communications (VZ), Johnson & Johnson (JNJ), Target (TGT) and Walt Disney (DIS).

This page (NYSE:WRB) was last updated on 7/26/2024 by MarketBeat.com Staff

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