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NYSE:WRBW. R. Berkley Stock Price, Forecast & News

$49.48
-1.20 (-2.37 %)
(As of 04/5/2020 04:00 PM ET)
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Today's Range
$49.24
Now: $49.48
$50.94
50-Day Range
$43.36
MA: $63.30
$79.48
52-Week Range
$43.05
Now: $49.48
$79.92
Volume1.24 million shs
Average Volume1.57 million shs
Market Capitalization$9.08 billion
P/E Ratio14.02
Dividend Yield0.87%
Beta0.9
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. It also provides workers' compensation, property casualty, general liability, professional liability, and excess and umbrella coverage insurance products, as well as coverages for technology, ambulatory surgery centers, chiropractors, and concierge physicians; accident and health insurance and reinsurance products; insurance for commercial risks; pollution liability and coverages to contractors, consultants, and owners; and liquor liability and inland marine coverage for small to medium-sized insureds. In addition, this segment offers directors and officers, and surety risk products, as well as products for life sciences and travel industries; coverage for excess liability, construction wrap-ups, and completed operations; cyber risk solutions; casualty, group life, and crime-related insurance products; personal lines insurance solutions, including home, condo/co-op, and collectibles; automobile, law enforcement, public officials and educator's legal, and employment practices liability, as well as incidental medical insurance products; and at-risk and alternative risk insurance program management services. The Reinsurance segment provides other insurance companies and self-insureds with assistance in managing their net risk through reinsurance on a portfolio basis through treaty reinsurance or on an individual basis through facultative reinsurance. W. R. Berkley Corporation was founded in 1967 and is headquartered in Greenwich, Connecticut.
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W. R. Berkley logo

Beat the Market (BTM) Rank

Analyst Opinion: 3.1Community Rank: 1.8Dividend Strength: 5.0Insider Behavior: 1.0Valuation: 0.6 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.30 out of 5 stars


Industry, Sector and Symbol

Industry Fire, marine, & casualty insurance
Sub-IndustryProperty & Casualty Insurance
SectorFinance
CUSIP08442310
Phone203-629-3000

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$7.90 billion
Cash Flow$3.72 per share
Book Value$33.31 per share

Profitability

Net Income$681.94 million

Miscellaneous

Employees7,493
Market Cap$9.08 billion
Next Earnings Date4/28/2020 (Estimated)
OptionableOptionable

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W. R. Berkley (NYSE:WRB) Frequently Asked Questions

How has W. R. Berkley's stock been impacted by COVID-19 (Coronavirus)?

W. R. Berkley's stock was trading at $58.15 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, WRB shares have decreased by 14.9% and is now trading at $49.48. View which stocks have been mosted impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of 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, 2 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for W. R. Berkley.

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

W. R. Berkley is scheduled to release its next quarterly earnings announcement on Tuesday, April 28th 2020. View our earnings forecast for W. R. Berkley.

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

W. R. Berkley Corp (NYSE:WRB) announced its quarterly earnings data on Tuesday, January, 28th. The insurance provider reported $0.71 EPS for the quarter, missing analysts' consensus estimates of $0.72 by $0.01. The insurance provider earned $1.72 billion during the quarter, compared to the consensus estimate of $1.71 billion. W. R. Berkley had a net margin of 8.63% and a return on equity of 10.66%. W. R. Berkley's revenue for the quarter was up 6.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.03 EPS. View W. R. Berkley's earnings history.

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 Thursday, February 20th. Investors of record on Wednesday, March 11th will be paid a dividend of $0.11 per share on Wednesday, March 25th. This represents a $0.44 annualized dividend and a dividend yield of 0.89%. The ex-dividend date is Tuesday, March 10th. View W. R. Berkley's dividend history.

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

W. R. Berkley shares split on the morning of Wednesday, April 3rd 2019. The 3-2 split was announced on Thursday, February 21st 2019. The newly minted shares were distributed 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.

What price target have analysts set for WRB?

7 brokerages have issued 1 year target prices for W. R. Berkley's stock. Their forecasts range from $56.00 to $82.00. On average, they anticipate W. R. Berkley's stock price to reach $64.83 in the next year. This suggests a possible upside of 31.0% from the stock's current price. View analysts' price targets 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 Corporation has been consistently benefitting from its insurance business, which has been performing well on increase in premium written from past many years.  The company has been investing in numerous startups since 2006 and establishing new units in growing international markets. It witnessed steady net premium growth on the back of rate improvement. Shares of the company have underperformed its industry in a year. Nevertheless, robust capital position enables the company to deploy capital effectively through share repurchase, special dividends and dividend hikes. However, exposure to a highly competitive reinsurance market is a concern. Rising debt has been inducing higher interest expenses. Exposure to catastrophe loss inducing volatility in underwriting profitability raises the financial risk of the company." (3/28/2020)
  • 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?

Media headlines about WRB stock have been trending very negative this week, InfoTrie reports. The research firm ranks the sentiment of media coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. W. R. Berkley earned a news sentiment score of -3.3 on InfoTrie's scale. They also assigned headlines about the insurance provider a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the company's share price in the next few days. View the latest news aboutW. R. Berkley.

Are investors shorting W. R. Berkley?

W. R. Berkley saw a decline in short interest in the month of March. As of March 13th, there was short interest totaling 2,767,200 shares, a decline of 12.2% from the February 27th total of 3,150,000 shares. Based on an average daily trading volume, of 881,000 shares, the days-to-cover ratio is presently 3.1 days. Approximately 2.0% of the shares of the stock are sold short. View W. R. Berkley's Current Options Chain.

Who are some of W. R. Berkley's key competitors?

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), Verizon Communications (VZ), Walt Disney (DIS), Altria Group (MO), AT&T (T), Exxon Mobil (XOM), Starbucks (SBUX), Consolidated Edison (ED), Johnson & Johnson (JNJ) and Sherwin-Williams (SHW).

Who are W. R. Berkley's key executives?

W. R. Berkley's management team includes the following 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)

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 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 $49.48.

How big of a company is W. R. Berkley?

W. R. Berkley has a market capitalization of $9.08 billion and generates $7.90 billion in revenue each year. The insurance provider earns $681.94 million in net income (profit) each year or $3.03 on an earnings per share basis. W. R. Berkley employs 7,493 workers across the globe. View additional information about W. R. Berkley.

What is W. R. Berkley's official website?

The official website for W. R. Berkley is http://www.wrberkley.com/.

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]

This page was last updated on 4/5/2020 by MarketBeat.com Staff

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