NYSE:WRB - W. R. Berkley Stock Price, News & Analysis

$72.23
+1.22 (+1.72 %)
(As of 08/18/2019 04:00 PM ET)
Today's Range
$70.15
Now: $72.23
$72.40
50-Day Range
$65.48
MA: $68.71
$72.23
52-Week Range
$45.91
Now: $72.23
$72.62
Volume529,900 shs
Average Volume642,012 shs
Market Capitalization$13.23 billion
P/E Ratio27.05
Dividend Yield0.62%
Beta0.72
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. Read More…

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$7.69 billion
Cash Flow$3.5828 per share
Book Value$32.88 per share

Profitability

Net Income$640.75 million

Miscellaneous

Employees7,448
Market Cap$13.23 billion
Next Earnings Date10/22/2019 (Estimated)
OptionableOptionable

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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 announced a quarterly dividend on Tuesday, August 6th. Stockholders of record on Thursday, September 19th will be given a dividend of $0.11 per share on Thursday, October 3rd. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.61%. The ex-dividend date is Wednesday, September 18th. 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 the morning of Wednesday, April 3rd 2019. The 3-2 split was announced on Thursday, February 21st 2019. The newly created 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) issued its quarterly earnings data on Tuesday, July, 23rd. The insurance provider reported $0.82 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.64 by $0.18. The insurance provider had revenue of $1.65 billion for the quarter, compared to analysts' expectations of $1.63 billion. W. R. Berkley had a return on equity of 10.55% and a net margin of 8.81%. The business's revenue for the quarter was up 4.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.40 earnings per share. View W. R. Berkley's Earnings History.

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

W. R. Berkley is scheduled to release their next quarterly earnings announcement on Tuesday, October 22nd 2019. View Earnings Estimates for W. R. Berkley.

What price target have analysts set for WRB?

6 analysts have issued 1-year price objectives 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 $64.2753 in the next year. This suggests that the stock has a possible downside of 11.0%. View Analyst Price Targets for W. R. Berkley.

What is the consensus analysts' recommendation for W. R. Berkley?

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for W. R. Berkley in the last year. There are currently 2 sell ratings, 3 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 in a year’s time. 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." (7/27/2019)
  • 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 coverage about WRB stock has been trending negative recently, according to InfoTrie. The research group identifies negative and positive press coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. W. R. Berkley earned a coverage optimism score of -2.3 on InfoTrie's scale. They also assigned news articles about the insurance provider a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an effect 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 decrease in short interest in July. As of July 31st, there was short interest totalling 4,391,500 shares, a decrease of 14.6% from the June 30th total of 5,144,400 shares. Based on an average daily volume of 597,200 shares, the days-to-cover ratio is presently 7.4 days. Currently, 4.5% 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?

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 Sherwin-Williams (SHW), Verizon Communications (VZ), Cisco Systems (CSCO), Walt Disney (DIS), Consolidated Edison (ED), Johnson & Johnson (JNJ), Nike (NKE), AT&T (T), Exxon Mobil (XOM) and Intel (INTC).

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 variety of of institutional and retail investors. Top institutional investors include BlackRock Inc. (10.41%), Vanguard Group Inc. (8.15%), Atlanta Capital Management Co. L L C (5.95%), Janus Henderson Group PLC (3.88%), Janus Henderson Group PLC (3.88%) and Victory Capital Management Inc. (1.87%). 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 Renaissance Technologies LLC, Balyasny Asset Management LLC, Speece Thorson Capital Group Inc., Beacon Financial Group, Tower Research Capital LLC TRC , Rockefeller Capital Management L.P. and Crossmark Global Holdings Inc.. View Insider Buying and Selling for W. R. Berkley.

Which institutional investors are buying W. R. Berkley stock?

WRB stock was acquired by a variety of institutional investors in the last quarter, including BlackRock Inc., Vanguard Group Inc., Atlanta Capital Management Co. L L C, Janus Henderson Group PLC, Janus Henderson Group PLC, APG Asset Management N.V., JPMorgan Chase & Co. and Victory Capital Management Inc.. 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, Scottrade, Fidelity and Charles Schwab.

What is W. R. Berkley's stock price today?

One share of WRB stock can currently be purchased for approximately $72.23.

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

W. R. Berkley has a market capitalization of $13.23 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?

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]


MarketBeat Community Rating for W. R. Berkley (NYSE WRB)

Community Ranking:  1.7 out of 5 (star)
Outperform Votes:  222 (Vote Outperform)
Underperform Votes:  446 (Vote Underperform)
Total Votes:  668
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.
This page was last updated on 8/18/2019 by MarketBeat.com Staff

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