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S&P 500   5,130.95
DOW   38,989.83
QQQ   444.02
5 Under-the-Radar Artificial Intelligence (AI) Stocks
Critical asset just had biggest fall on record (Ad)
How major US stock indexes fared Monday, 3/4/2024
Macy's, United Rentals rise; Apple, Spirit Airlines fall Monday, 3/4/2024
Critical asset just had biggest fall on record (Ad)
DeSantis names Disney World district administrator to run elections in Democratic Orange County
Stock market today: World markets are lower after China unveils 5% economic growth target for 2024
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Ohio foundation begins process to distribute millions in opioid settlement money
Closing prices for crude oil, gold and other commodities
S&P 500   5,130.95
DOW   38,989.83
QQQ   444.02
5 Under-the-Radar Artificial Intelligence (AI) Stocks
Critical asset just had biggest fall on record (Ad)
How major US stock indexes fared Monday, 3/4/2024
Macy's, United Rentals rise; Apple, Spirit Airlines fall Monday, 3/4/2024
Critical asset just had biggest fall on record (Ad)
DeSantis names Disney World district administrator to run elections in Democratic Orange County
Stock market today: World markets are lower after China unveils 5% economic growth target for 2024
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Ohio foundation begins process to distribute millions in opioid settlement money
Closing prices for crude oil, gold and other commodities
S&P 500   5,130.95
DOW   38,989.83
QQQ   444.02
5 Under-the-Radar Artificial Intelligence (AI) Stocks
Critical asset just had biggest fall on record (Ad)
How major US stock indexes fared Monday, 3/4/2024
Macy's, United Rentals rise; Apple, Spirit Airlines fall Monday, 3/4/2024
Critical asset just had biggest fall on record (Ad)
DeSantis names Disney World district administrator to run elections in Democratic Orange County
Stock market today: World markets are lower after China unveils 5% economic growth target for 2024
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Ohio foundation begins process to distribute millions in opioid settlement money
Closing prices for crude oil, gold and other commodities
NYSE:WRB

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

$83.61
+0.92 (+1.11%)
(As of 03/4/2024 ET)
Today's Range
$82.77
$83.82
50-Day Range
$70.06
$85.71
52-Week Range
$55.50
$86.33
Volume
1.03 million shs
Average Volume
1.21 million shs
Market Capitalization
$21.45 billion
P/E Ratio
16.52
Dividend Yield
0.53%
Price Target
$84.11

W. R. Berkley MarketRank™ Stock Analysis

Analyst Rating
Hold
2.44 Rating Score
Upside/​Downside
0.6% Upside
$84.11 Price Target
Short Interest
Healthy
1.57% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.50
Upright™ Environmental Score
News Sentiment
0.98mentions of W. R. Berkley in the last 14 days
Based on 26 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
9.17%
From $6.00 to $6.55 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.

4.70 out of 5 stars

Finance Sector

100th out of 853 stocks

Fire, Marine, & Casualty Insurance Industry

5th out of 49 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

S&P 500's surge to new highs: Bull trap hiding in plain sight? (WRB)
Nvidia and Meta lead the S&P 500 rally, but there's cause for concern about a potential bull trap amid market volatility and a pivot to stable dividend payers.
Critical asset just had biggest fall on record
What many consider America's critical financial asset suffers biggest fall on record. Expert says: "it's very bad for millions, protect yourself now."
W. R. Berkley (NYSE:WRB) Price Target Raised to $85.00
Where WR Berkley Stands With Analysts
This is the #1 Stock to Buy for the AI Tidal Wave
Marc Chaikin warned people about NVDA before its 2023 bull run - now he’s naming his next pick or the AI tidal wave. Learn more here.
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

Ex-Dividend for 12/27 Dividend
12/15/2023
Dividend Payable
12/27/2023
Last Earnings
1/24/2024
Ex-Dividend for 3/13 Dividend
3/01/2024
Today
3/04/2024
Dividend Payable
3/13/2024
Next Earnings (Estimated)
4/18/2024
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
$84.11
High Stock Price Target
$95.00
Low Stock Price Target
$69.00
Potential Upside/Downside
+0.6%
Consensus Rating
Hold
Rating Score (0-4)
2.44
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
$5.19 per share
Book Value
$28.97 per share

Miscellaneous

Free Float
197,799,000
Market Cap
$21.45 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

These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of W. R. Berkley was last updated on Saturday, March 2, 2024 at 11:30 PM.

Pros

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

  • Strong Quarterly Earnings: W. R. Berkley reported $1.45 earnings per share for the last quarter, surpassing analyst estimates by $0.10, indicating financial strength.
  • Diverse Insurance Offerings: The company provides a wide range of insurance products, including commercial, workers' compensation, cyber risk solutions, and personal lines insurance, diversifying its revenue streams.
  • Positive Analyst Ratings: Several analysts have given W. R. Berkley a "buy" or "outperform" rating, suggesting confidence in the company's future performance.
  • Dividend Payout: W. R. Berkley pays a quarterly dividend, offering investors a steady income stream with a current yield of 0.53%.
  • Revenue Growth: The company's revenue for the last quarter increased by 6.9% compared to the same period last year, indicating growth potential.

Cons

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

  • Market Volatility: The insurance industry can be sensitive to economic fluctuations and market conditions, potentially impacting the company's performance.
  • Regulatory Risks: Insurance companies are subject to regulatory changes and compliance requirements, which could affect operations and profitability.
  • Competition: W. R. Berkley operates in a competitive market with other insurance providers, leading to pricing pressures and potential loss of market share.
  • Interest Rate Risks: Fluctuations in interest rates can impact insurance companies' investment portfolios and profitability, posing a risk to returns.
  • Industry Challenges: The fire, marine, and casualty insurance industry faces challenges such as natural disasters and catastrophic events, which could impact underwriting results and financial performance.














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 5 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" WRB shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in WRB, but not buy additional shares or sell existing shares.
View WRB analyst ratings
or view top-rated stocks.

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

9 Wall Street research analysts have issued twelve-month price targets for W. R. Berkley's shares. Their WRB share price targets range from $69.00 to $95.00. On average, they anticipate the company's share price to reach $84.11 in the next year. This suggests a possible upside of 0.6% 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 18.2% and is now trading at $83.61.
View the best growth stocks for 2024 here
.

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

The company is scheduled to release its next quarterly earnings announcement on Thursday, April 18th 2024.
View our WRB earnings forecast
.

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 analysts' consensus estimates 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 firm's revenue for the quarter was up 6.9% compared to the same quarter last year. During the same period last year, the business earned $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 announced a quarterly dividend on Friday, February 23rd. Investors of record on Monday, March 4th will be paid a dividend of $0.11 per share on Wednesday, March 13th. This represents a $0.44 annualized dividend and a dividend yield of 0.53%. 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 0.53%. 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 6.72% 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?

Shares of W. R. Berkley split before market open on Thursday, March 24th 2022. The 3-2 split was announced on Friday, February 25th 2022. The newly minted shares were distributed 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 variety of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (9.40%), Victory Capital Management Inc. (2.25%), Norges Bank (1.17%), First Trust Advisors LP (1.08%), Northern Trust Corp (0.79%) and 1832 Asset Management L.P. (0.76%).
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.
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This page (NYSE:WRB) was last updated on 3/5/2024 by MarketBeat.com Staff