W. R. Berkley Corporation, an insurance holding company, operates as a commercial lines writer in the United States and internationally. It operates through two segments, Insurance and Reinsurance. The Insurance segment underwrites commercial insurance business, including premises operations, commercial automobile, property, products liability, and professional liability lines.
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Industry, Sector and Symbol
Industry Fire, marine, & casualty insurance
Sub-IndustryProperty & Casualty Insurance
SectorFinance
Phone203-629-3000
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$7.69 billion
Profitability
Miscellaneous
Employees7,448
Next Earnings Date2/4/2020 (Estimated)
OptionableOptionable
W. R. Berkley (NYSE:WRB) Frequently Asked Questions
What is W. R. Berkley's stock symbol?
W. R. Berkley trades on the New York Stock Exchange (NYSE) under the ticker symbol "WRB."
How often does W. R. Berkley pay dividends? What is the dividend yield for W. R. Berkley?
W. R. Berkley declared a dividend on Friday, November 8th. Shareholders of record on Friday, November 22nd will be paid a dividend of $0.11 per share on Wednesday, December 11th. The ex-dividend date of this dividend is Thursday, November 21st. View W. R. Berkley's Dividend History.
When did W. R. Berkley's stock split? How did W. R. Berkley's stock split work?
Shares of W. R. Berkley split on Wednesday, April 3rd 2019. The 3-2 split was announced on Thursday, February 21st 2019. The newly minted shares were payable to shareholders after the market closes on Tuesday, April 2nd 2019. An investor that had 100 shares of W. R. Berkley stock prior to the split would have 150 shares after the split.
How were W. R. Berkley's earnings last quarter?
W. R. Berkley Corp (NYSE:WRB) posted its earnings results on Tuesday, October, 22nd. The insurance provider reported $0.85 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.18. The insurance provider had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.67 billion. W. R. Berkley had a return on equity of 10.60% and a net margin of 8.82%. The company's revenue was up 4.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.84 EPS. View W. R. Berkley's Earnings History.
When is W. R. Berkley's next earnings date?
What price target have analysts set for WRB?
7 Wall Street analysts have issued 12-month price targets for W. R. Berkley's stock. Their forecasts range from $56.00 to $73.00. On average, they expect W. R. Berkley's share price to reach $64.23 in the next twelve months. This suggests that the stock has a possible downside of 5.3%. View Analyst Price Targets for W. R. Berkley.
What is the consensus analysts' recommendation for W. R. Berkley?
7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for W. R. Berkley in the last year. There are currently 2 sell ratings, 4 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for W. R. Berkley.
What are Wall Street analysts saying about W. R. Berkley stock?
Here are some recent quotes from research analysts about W. R. Berkley stock:
- 1. According to Zacks Investment Research, "W.R. Berkley’s shares have outperformed its industry year to date. The company has been investing in numerous startups since 2006 and establishing new units in growing international markets provided diversification benefits. Establishing operating units in North and Southeast Asia are also in line with the strategy. It boasts a prudent capital management policy that also enhances shareholders value. The company’s international business has potential for long-term earnings growth. The company witnessed steady net premium growth on the back of rate improvement. However, exposure to a highly competitive reinsurance market and pressure on the rate environment are concerns. Rising debt has been inducing higher interest expenses. Exposure to catastrophe loss inducing volatility in underwriting profitability remains a headwind." (10/19/2019)
- 2. Boenning Scattergood analysts commented, "We believe WRB is well positioned to take advantage of any improvement in market conditions and we consider the stock an excellent core holding for longer-term investors. In the near-term, however, we don’t see much potential for the shares to outperform the market. Berkley’s P/B valuation (1.9x) is high relative to peers (1.5x) and its historical average (1.4x) – in our view, the stock isn’t particularly compelling today for short-term investors. We maintain our Neutral rating." (4/24/2019)
Has W. R. Berkley been receiving favorable news coverage?
News articles about WRB stock have been trending extremely negative on Saturday, according to InfoTrie. InfoTrie identifies negative and positive news coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. W. R. Berkley earned a news impact score of -5.0 on InfoTrie's scale. They also gave media headlines about the insurance provider a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely likely to have an impact on the stock's share price in the next several days. View News Stories for W. R. Berkley.
Are investors shorting W. R. Berkley?
W. R. Berkley saw a drop in short interest during the month of October. As of October 31st, there was short interest totalling 3,170,000 shares, a drop of 17.2% from the September 30th total of 3,830,000 shares. Based on an average daily trading volume, of 608,700 shares, the days-to-cover ratio is presently 5.2 days. Approximately 2.2% of the company's shares are sold short. View W. R. Berkley's Current Options Chain.
Who are some of W. R. Berkley's key competitors?
Some companies that are related to W. R. Berkley include Berkshire Hathaway (BRK.B), Progressive (PGR), Allstate (ALL), Travelers Companies (TRV), Cincinnati Financial (CINF), Arch Capital Group (ACGL), Markel (MKL), Fidelity National Financial (FNF), Cna Financial (CNA), Erie Indemnity (ERIE), First American Financial (FAF), Old Republic International (ORI), Hanover Insurance Group (THG), Axis Capital (AXS) and Assured Guaranty (AGO).
What other stocks do shareholders of W. R. Berkley own?
Who are W. R. Berkley's key executives?
W. R. Berkley's management team includes the folowing people:
- Mr. William Robert Berkley, Exec. Chairman (Age 74)
- Mr. William Robert Berkley Jr., Pres, CEO & Director (Age 46)
- Mr. Richard Mark Baio, Exec. VP, CFO & Treasurer (Age 50)
- Mr. James Gerald Shiel, Exec. VP of Investments (Age 59)
- Mr. Ira Seth Lederman, Exec. VP & Sec. (Age 65)
Who are W. R. Berkley's major shareholders?
W. R. Berkley's stock is owned by a number of of institutional and retail investors. Top institutional investors include California Public Employees Retirement System (0.68%), Sumitomo Mitsui Trust Holdings Inc. (0.38%), Confluence Investment Management LLC (0.36%), Scout Investments Inc. (0.29%), Rhumbline Advisers (0.22%) and Carillon Tower Advisers Inc. (0.20%). Company insiders that own W. R. Berkley stock include James G Shiel and Mark Ellwood Brockbank. View Institutional Ownership Trends for W. R. Berkley.
Which institutional investors are selling W. R. Berkley stock?
WRB stock was sold by a variety of institutional investors in the last quarter, including Scout Investments Inc., Carillon Tower Advisers Inc., First Quadrant L P CA, Gamco Investors INC. ET AL, Sumitomo Mitsui Trust Holdings Inc., Alberta Investment Management Corp, AMI Investment Management Inc. and Russell Investments Group Ltd.. View Insider Buying and Selling for W. R. Berkley.
Which institutional investors are buying W. R. Berkley stock?
WRB stock was purchased by a variety of institutional investors in the last quarter, including California Public Employees Retirement System, Retirement Systems of Alabama, Teacher Retirement System of Texas, Assenagon Asset Management S.A., Bfsg LLC, State of New Jersey Common Pension Fund D, State of Tennessee Treasury Department and Robeco Institutional Asset Management B.V.. View Insider Buying and Selling for W. R. Berkley.
How do I buy shares of W. R. Berkley?
Shares of WRB can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.
What is W. R. Berkley's stock price today?
One share of WRB stock can currently be purchased for approximately $67.85.
How big of a company is W. R. Berkley?
W. R. Berkley has a market capitalization of $12.46 billion and generates $7.69 billion in revenue each year. The insurance provider earns $640.75 million in net income (profit) each year or $2.67 on an earnings per share basis. W. R. Berkley employs 7,448 workers across the globe.View Additional Information About W. R. Berkley.
What is W. R. Berkley's official website?
How can I contact W. R. Berkley?
W. R. Berkley's mailing address is 475 STEAMBOAT ROAD, GREENWICH CT, 06830. The insurance provider can be reached via phone at 203-629-3000 or via email at [email protected]
MarketBeat Community Rating for W. R. Berkley (NYSE WRB)
MarketBeat's community ratings are surveys of what our community members think about W. R. Berkley and other stocks. Vote "Outperform" if you believe WRB will outperform the S&P 500 over the long term. Vote "Underperform" if you believe WRB will underperform the S&P 500 over the long term. You may vote once every thirty days.
