S&P 500   5,123.41
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MarketBeat Week in Review – 4/8 - 4/12
Diplomat tapped as Latvia's new foreign minister as incumbent quits following flights scandal
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The craze for Masters gnomes is growing. Little golf-centric statue is now a coveted collector item
How O.J. Simpson burned the Ford Bronco into America's collective memory
S&P 500   5,123.41
DOW   37,983.24
QQQ   438.27
5 Trends You Need to Know This Quarter
MarketBeat Week in Review – 4/8 - 4/12
Diplomat tapped as Latvia's new foreign minister as incumbent quits following flights scandal
It's almost April 15. Here's how to reduce stress and get your taxes done
Nearing 50 Supreme Court arguments in, lawyer Lisa Blatt keeps winning
The craze for Masters gnomes is growing. Little golf-centric statue is now a coveted collector item
How O.J. Simpson burned the Ford Bronco into America's collective memory
S&P 500   5,123.41
DOW   37,983.24
QQQ   438.27
5 Trends You Need to Know This Quarter
MarketBeat Week in Review – 4/8 - 4/12
Diplomat tapped as Latvia's new foreign minister as incumbent quits following flights scandal
It's almost April 15. Here's how to reduce stress and get your taxes done
Nearing 50 Supreme Court arguments in, lawyer Lisa Blatt keeps winning
The craze for Masters gnomes is growing. Little golf-centric statue is now a coveted collector item
How O.J. Simpson burned the Ford Bronco into America's collective memory
S&P 500   5,123.41
DOW   37,983.24
QQQ   438.27
5 Trends You Need to Know This Quarter
MarketBeat Week in Review – 4/8 - 4/12
Diplomat tapped as Latvia's new foreign minister as incumbent quits following flights scandal
It's almost April 15. Here's how to reduce stress and get your taxes done
Nearing 50 Supreme Court arguments in, lawyer Lisa Blatt keeps winning
The craze for Masters gnomes is growing. Little golf-centric statue is now a coveted collector item
How O.J. Simpson burned the Ford Bronco into America's collective memory
NYSE:WRB

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

$82.15
-0.04 (-0.05%)
(As of 04/12/2024 ET)
Today's Range
$81.58
$82.68
50-Day Range
$79.88
$88.44
52-Week Range
$55.50
$89.18
Volume
1.04 million shs
Average Volume
1.15 million shs
Market Capitalization
$21.08 billion
P/E Ratio
16.24
Dividend Yield
0.54%
Price Target
$89.22

W. R. Berkley MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.56 Rating Score
Upside/​Downside
8.6% Upside
$89.22 Price Target
Short Interest
Healthy
1.58% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.50
Upright™ Environmental Score
News Sentiment
0.81mentions of W. R. Berkley in the last 14 days
Based on 15 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
9.70%
From $5.98 to $6.56 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.

4.64 out of 5 stars

Finance Sector

128th out of 841 stocks

Fire, Marine, & Casualty Insurance Industry

8th out of 51 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

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StockNews.com Downgrades W. R. Berkley (NYSE:WRB) to Hold
Demystifying WR Berkley: Insights From 8 Analyst Reviews
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Where WR Berkley Stands With Analysts
Decoding WR Berkley Corp (WRB): A Strategic SWOT Insight
W.R. Berkley Corp.
WRB Jul 2024 64.500 put
WRB Apr 2024 59.000 call
WRB Apr 2024 69.500 put
WRB.PR.F W. R. Berkley Corporation CAL SUB DEB 59
Kinsale Capital (KNSL) Q4 Earnings Beat, Revenues Rise Y/Y
See More Headlines
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Company Calendar

Last Earnings
1/24/2024
Ex-Dividend for 3/13 Dividend
3/01/2024
Dividend Payable
3/13/2024
Today
4/13/2024
Next Earnings (Confirmed)
4/23/2024
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
$89.22
High Stock Price Target
$99.00
Low Stock Price Target
$79.00
Potential Upside/Downside
+8.6%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.56
Research Coverage
9 Analysts

Profitability

Net Income
$1.38 billion
Pretax Margin
14.45%

Debt

Sales & Book Value

Annual Sales
$12.14 billion
Cash Flow
$5.13 per share
Book Value
$28.97 per share

Miscellaneous

Free Float
197,799,000
Market Cap
$21.08 billion
Optionable
Optionable
Beta
0.57

Social Links

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Key Executives

  • Mr. William Robert Berkley (Age 79)
    Executive Chairman of the Board
    Comp: $12.86M
  • Mr. William Robert Berkley Jr. (Age 51)
    President, CEO & Director
    Comp: $12.66M
  • Mr. Richard Mark Baio (Age 55)
    Executive VP & CFO
    Comp: $2.27M
  • Mr. James Gerald Shiel (Age 64)
    Executive Vice President of Investments
    Comp: $2.31M
  • Ms. Lucille T. Sgaglione (Age 74)
    Executive Vice President
    Comp: $2.3M
  • Mr. A. Scott Mansolillo
    SVP & 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 Corporation recently announced a strategic rebranding initiative, renaming Union Standard Insurance Group to Berkley Southwest. This move reflects the company's commitment to better serving clients and partners in the U.S. Southwest, potentially expanding its market reach and enhancing brand recognition.
  • The company operates in the fire, marine, and casualty insurance industry, which provides a diversified revenue stream and exposure to different insurance segments, potentially reducing risk through portfolio diversification.
  • W. R. Berkley Co. offers a wide range of insurance products, including specialty coverages for fine arts, jewelry, cyber risks, and more. This diverse product portfolio may attract a broad customer base and contribute to revenue growth.
  • With a focus on innovation and efficiency, Berkley Southwest, under the leadership of President John Henle, aims to provide high-quality, customized insurance solutions. This customer-centric approach could lead to enhanced client satisfaction and retention.
  • Considering the recent stock price performance of W. R. Berkley Corporation on the NYSE under the symbol WRB, investors may find potential opportunities for capital appreciation or dividend income, depending on their investment objectives.

Cons

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

  • As with any investment in the insurance industry, W. R. Berkley Co. is exposed to various risks, including underwriting risks, market risks, and regulatory risks. Fluctuations in insurance claims, interest rates, and regulatory changes could impact the company's financial performance.
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 Wednesday, April 10, 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

Should I buy or sell W. R. Berkley stock right now?

9 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for W. R. Berkley in the last twelve months. There are currently 4 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" WRB shares.
View WRB analyst ratings
or view top-rated stocks.

What is W. R. Berkley's stock price target for 2024?

9 brokerages have issued 1-year price objectives for W. R. Berkley's stock. Their WRB share price targets range from $79.00 to $99.00. On average, they predict the company's share price to reach $89.22 in the next year. This suggests a possible upside of 8.6% from the stock's current price.
View analysts price targets for WRB
or view top-rated stocks among Wall Street analysts.

How have WRB shares performed in 2024?

W. R. Berkley's stock was trading at $70.72 on January 1st, 2024. Since then, WRB stock has increased by 16.2% and is now trading at $82.15.
View the best growth stocks for 2024 here
.

Are investors shorting W. R. Berkley?

W. R. Berkley saw a decline in short interest in February. As of February 29th, there was short interest totaling 3,150,000 shares, a decline of 22.0% from the February 14th total of 4,040,000 shares. Based on an average trading volume of 1,210,000 shares, the short-interest ratio is currently 2.6 days.
View W. R. Berkley's Short Interest
.

When is W. R. Berkley's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, April 23rd 2024.
View our WRB earnings forecast
.

How can I listen to W. R. Berkley's earnings call?

W. R. Berkley will be holding an earnings conference call on Tuesday, April 23rd at 9:00 AM Eastern. Interested parties can register for or listen to the call using this link.

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

W. R. Berkley Co. (NYSE:WRB) announced its earnings results on Wednesday, January, 24th. The insurance provider reported $1.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.35 by $0.10. The insurance provider had revenue of $3.22 billion for the quarter, compared to analyst estimates of $2.70 billion. W. R. Berkley had a trailing twelve-month return on equity of 19.03% and a net margin of 11.38%. The company's revenue for the quarter was up 6.9% compared to the same quarter last year. During the same quarter last year, the firm posted $1.16 earnings per share.
Read the conference call transcript
.

How often does W. R. Berkley pay dividends? What is the dividend yield for W. R. Berkley?

W. R. Berkley declared a quarterly dividend on Friday, February 23rd. Shareholders of record on Monday, March 4th will be given a dividend of $0.11 per share on Wednesday, March 13th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.54%. The ex-dividend date of this dividend is Friday, March 1st.
Read our dividend analysis for WRB
.

Is W. R. Berkley a good dividend stock?

W. R. Berkley (NYSE:WRB) pays an annual dividend of $0.44 per share and currently has a dividend yield of 0.54%. The company has been increasing its dividend for 22 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 8.70%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, WRB will have a dividend payout ratio of 6.71% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for WRB.

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

W. R. Berkley's stock split on Thursday, March 24th 2022. The 3-2 split was announced on Friday, February 25th 2022. The newly minted shares were issued to shareholders after the closing bell on Wednesday, March 23rd 2022. 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.

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

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

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

W. R. Berkley's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Los Angeles Capital Management LLC (0.45%), Confluence Investment Management LLC (0.36%), CWM LLC (0.10%), CHURCHILL MANAGEMENT Corp (0.09%), Global Assets Advisory LLC (0.04%) and Alaska Permanent Fund Corp (0.03%).
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.

Does W. R. Berkley have any subsidiaries?
The following companies are subsidiares of W. R. Berkley: 120dB Films Capital LLC, 120dB Films Lending LLC, 34 Leadenhall Street Limited, 52 Lime Street Management Limited, 860 Development Co LLC, 860 Washington Street LLC, Abercrombie Textiles LLC, Acadia Insurance Company, Acadia Insurance Group LLC, Admiral Indemnity Company, Admiral Insurance Company, Admiral Insurance Group LLC, American Mining Insurance Company, American Mining Insurance Group LLC, Armada Insurance Services Inc., BI China Limited, BIA Japan Services GK, BIL Advisors LLC, BXM Insurance Services Inc., Banner Aerospace Inc., BerkDel Investors Limited, Berkley Accident and Health LLC, Berkley Administrators of Connecticut Inc., Berkley Alliance Managers LLC, Berkley Alternative Markets Insurance Services LLC, Berkley Argentina de Reaseguros S.A., Berkley Asset Protection Underwriters LLC, Berkley Assurance Company, Berkley Aviation LLC, Berkley Capital Investors L.P., Berkley Capital LLC, Berkley Casualty Company, Berkley Claims Solutions LLC, Berkley Connect Insurance Solutions LLC, Berkley Custom Insurance Managers LLC, Berkley Dean & Company Inc., Berkley European Brokers AS, Berkley European Underwriters AS, Berkley Facultative Reinsurance Services LLC, Berkley FinSecure LLC, Berkley Global Underwriters LLC, Berkley Healthcare Professional Insurance Services LLC, Berkley Insurance Company, Berkley Insurance Company – Escritorio De Representacao do Brasil Ltda., Berkley Insurance Services LLC, Berkley International Aseguradora de Riesgos del Trabajo S. A., Berkley International Brasil Participacoes Ltda., Berkley International Compania de Servicios Mexico S. A de C. V., Berkley International Compania de Servicios Uruguay S.A., Berkley International Fianzas Mexico S.A. de C.V., Berkley International Holdings LLC, Berkley International LLC, Berkley International Latinoamerica S. A., Berkley International Puerto Rico LLC, Berkley International Seguros Colombia S.A., Berkley International Seguros Mexico S.A. de C.V., Berkley International Seguros S. A. (99.59% ownership), Berkley International Seguros S. A. (Uruguay), Berkley International do Brasil Seguros S. A., Berkley LS Insurance Solutions LLC, Berkley Latin America and Caribbean Managers LLC, Berkley Life Sciences LLC, Berkley Life and Health Insurance Company, Berkley London Holdings Inc., Berkley Managers Insurance Services LLC, Berkley Mid-Atlantic Group LLC, Berkley National Insurance Company, Berkley Net Underwriters LLC, Berkley North Pacific Group LLC, Berkley Offshore Underwriting Managers LLC, Berkley Offshore Underwriting Managers UK Limited, Berkley Oil & Gas Specialty Services LLC, Berkley Product Recall Insurance Agency LLC, Berkley Professional Liability LLC, Berkley Professional Liability UK Limited, Berkley Program Specialists LLC, Berkley Public Entity Managers LLC, Berkley Re America LLC, Berkley Re Direct LLC, Berkley Re UK Limited, Berkley Regional Insurance Company, Berkley Regional Insurance Services LLC, Berkley Regional Specialty LLC, Berkley Risk Administrators Company LLC, Berkley Risk Administrators of Texas Inc., Berkley Risk Services of Vermont Inc., Berkley Risk Solutions LLC, Berkley Select LLC, Berkley Southeast Insurance Group LLC, Berkley Specialty Insurance Company, Berkley Specialty Insurance Services LLC, Berkley Specialty Underwriting Managers LLC, Berkley Surety Group LLC, Berkley Technology Services LLC, Berkley Technology Underwriters LLC, Berkley Ventures LLC, Breckenridge IS Inc., Breckenridge Insurance Group Inc., Breckenridge Insurance Services LLC, CC Equity Holdings LLC, CC Investors LLC, CGH Claims Service Inc., CGH Insurance Group LLC, CPT Equity LLC, Carolina Casualty, Carolina Casualty Insurance Group LLC, Center Place Holdings LLC (92.59% ownership), Clermont Insurance Company, Clermont Specialty Managers Ltd., Continental Western Group LLC, Continental Western Insurance Company, Corporate Imaging Concepts LLC (82.06% ownership), Cotasy Corporation S. A., Crypton Investment Holdings LLC (89.5% ownership), Crypton LLC, Crypton-NewCo Real Estate LLC, East Isles Reinsurance Ltd., Facultative Resources Inc., Fayston Farms Shipping Ltd., Firemen's Insurance Company of Washington D.C., Franchise Credit LLC, GRG Investment Holdings Ltd., Garnet Captive Services, Gemini Insurance Company, Gemini Transportation Underwriters LLC, Great Divide Insurance Company, Greenwich AeroGroup Brazil Holdings Inc., Greenwich AeroGroup Brazil Leasing Inc., Greenwich AeroGroup Inc., Greenwich AeroGroup International Inc., Greenwich AeroGroup Serviços de Aviação do Brazil S.A., Greenwich Knight Insurance Company Ltd., Guangzhou Meridian Chemical Limited, Helivia Aero Taxi S.A., Helivia Participações do Brasil Ltda, Insurance Networks Alliance LLC, Interlaken Capital Aviation Holdings Inc., Interlaken Capital Aviation Services Inc., Intrepid Casualty Company, Intrepid Direct Insurance Agency LLC, Intrepid Insurance Company, Intrepid Insurance Company, Intrepid Specialty Insurance Company, Jersey International Brokerage Corporation, Kauai Shipping Ltd., Kekona Shipping Ltd., Key Care LLC, Key Risk Insurance Company, Key Risk Management Services LLC, Key Risk Underwriting Managers LLC, Kilauea Holdings Ltd., Kimmei Shipping Ltd., Kohala Shipping Ltd., Lady Jane Shipping Ltd., Lavalier Insurance Services LLC, Lex NY Equities LLC, MADA Reciprocal Services Inc., MPC Memphis HI LLC, Mad River Shipping Ltd., Magaverse Limited, Masterclass Limited, Middle Patent Capital LLC, Midwest Employers Casualty Company, Midwest Employers Casualty Group LLC, Midwest Employers Services LLC, Monitor Liability Managers LLC, Nano-Tex Asia Limited, Nano-Tex LLC, Nautilus Excess Insurance Agency LLC, Nautilus Insurance Company, Nautilus Insurance Group LLC, Number 9 Shipping Ltd., Oak Harbor Reinsurance Company, Overby-Seawell Company, PGIS LLC, Platinum Program Managers & Insurance Services Inc., Preferred Employers Group LLC, Preferred Employers Insurance Company, Professional Aircraft Accessories Inc., Professional Aviation Associates Inc., Queen's Island Insurance Company Ltd., RPW Equity LLC, Rasmussen Agency Inc., Regional Excess Underwriters LLC, Reinserco Inc., Riverport Insurance Company, Riverport Insurance Services LLC, Select Marketing Insurance Services LLC, Signet Star Holdings Inc., SilverCap-Greenwich LLC (98.8% ownership), Southeastern Underwriters Inc., StarNet Insurance Company, Starnet Insurance Services LLC, Steamboat Asset Management LLC, Steamboat Opportunity Partners LLC, Summit Aviation Inc., Target Markets LLC, Target Programs LLC, Tri-State Insurance Company of Minnesota, Union Insurance Company, Union Standard Insurance Group LLC, Union Standard Management Company Inc., Vela Insurance Services LLC, Verus Underwriting Managers LLC, W. R. Berkley Europe AG, W. R. Berkley European Holdings AG, W. R. Berkley European Services GmbH, W. R. Berkley London Holdings Limited, W. R. Berkley London Staff Limited, W. R. Berkley Mexico S. A. de C. V., W. R. Berkley Spain S. L. U., W. R. Berkley Syndicate Holdings Limited, W. R. Berkley Syndicate Limited, W. R. Berkley Syndicate Management Limited, W. R. Berkley UK Limited, WRBC Aviation Leasing LLC, WRBC Corporate Member Limited, WRBC Development UK Limited, WRBC Services Limited, WRBC Support Services LLC, WRBC Transportation Inc., Western Aircraft Inc., Western Pinnacle Insurance Services Inc., and eCompanyStore LLC.
Read More
This page (NYSE:WRB) was last updated on 4/13/2024 by MarketBeat.com Staff

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