About W. R. Berkley (NYSE:WRB)
W. R. Berkley Corporation is an insurance holding company. It operates through two segments: Insurance and Reinsurance-Global. The Insurance segment consists of its commercial insurance business operations, comprising excess and surplus lines, and admitted lines, throughout the United States, as well as its insurance business operations in the United Kingdom, Continental Europe, South America, Canada, Mexico, Scandinavia, Asia and Australia. Its Insurance segment comprises business units, such as Acadia Insurance, American Mining Insurance Group, Berkley Accident and Health, Berkley Agribusiness Risk Specialists, Berkley Aviation and Berkley Canada. Reinsurance consists of its reinsurance business on a facultative and treaty basis, in the United States, the United Kingdom, Continental Europe, Australia, the Asia-Pacific region and South Africa. Its Reinsurance segment comprises business units, such as Berkley Re America, Berkley Re Asia Pacific, Berkley Re Direct and Berkley Re UK.
Industry, Sector and Symbol
Sub-IndustryProperty & Casualty Insurance
Trailing P/E Ratio16.4065420560748
Forward P/E Ratio19.61
Sales & Book Value
Annual Sales$7.68 billion
Price / Sales1.11
Cash Flow$3.48 per share
Price / Cash20.20
Book Value$44.76 per share
Price / Book1.57
Net Income$549.09 million
Return on Equity5.89%
Return on Assets1.32%
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 quarterly dividend on Thursday, March 1st. Shareholders of record on Wednesday, March 14th will be paid a dividend of $0.14 per share on Monday, April 2nd. This represents a $0.56 annualized dividend and a yield of 0.80%. The ex-dividend date of this dividend is Tuesday, March 13th. View W. R. Berkley's Dividend History.
How will W. R. Berkley's stock buyback program work?
W. R. Berkley announced that its board has authorized a share buyback program on Wednesday, August 9th 2017, which authorizes the company to buyback 10,000,000 shares, according to EventVestor. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Shares buyback programs are usually an indication that the company's board believes its stock is undervalued.
How were W. R. Berkley's earnings last quarter?
W. R. Berkley Corp (NYSE:WRB) released its earnings results on Tuesday, January, 30th. The insurance provider reported $0.76 EPS for the quarter, topping analysts' consensus estimates of $0.73 by $0.03. The insurance provider had revenue of $1.77 billion for the quarter, compared to the consensus estimate of $1.75 billion. W. R. Berkley had a return on equity of 5.89% and a net margin of 7.15%. View W. R. Berkley's Earnings History.
When will W. R. Berkley make its next earnings announcement?
Where is W. R. Berkley's stock going? Where will W. R. Berkley's stock price be in 2018?
7 brokerages have issued 1 year target prices for W. R. Berkley's stock. Their forecasts range from $66.00 to $74.00. On average, they anticipate W. R. Berkley's stock price to reach $69.67 in the next year. 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 has been investing in a number of startups since 2006 as well as establishing new units, enabling it to take advantage of an improved market scenario. Formation of operating units in North and Southeast Asia is in tandem with the strategy while divestment of wholly owned investment is expected to enhance long-term shareholder’s value. Its international business has potential for long-term earnings growth. Reserving discipline and a strong capital position are other positives. However, exposures to highly competitive insurance market and cat loss are dampeners. With respect to fourth quarter results, W.R. Berkley’s earnings outpaced the Zacks Consensus Estimate but deteriorated year over year on lower revenues as well as net investment income. Shares of W.R. Berkley underperformed the industry in a year." (2/20/2018)
- 2. Boenning Scattergood analysts commented, "We think the company is an excellent core holding for long-term investors and is well positioned to take advantage of any improvement in market conditions. We believe Berkley benefits from the recent corporate tax reform both by increasing potential profitability as well as leveling the playing field with offshore competitors. However, the company’s P/B valuation is modestly high relative to its historical average, so we don’t see much potential for the shares to outperform in the near-term. As such, we believe the shares are fully valued and maintain our Neutral rating." (1/31/2018)
Who are some of W. R. Berkley's key competitors?
Some companies that are related to W. R. Berkley include Loews (L), Hannover Rueck (HVRRY), Markel (MKL), Lincoln National (LNC), XL Group (XL), CNA Financial (CNA), Fairfax Financial (FRFHF), AEGON (AEG), Arthur J Gallagher & Co (AJG), Cincinnati Financial (CINF), Arch Capital Group (ACGL), FNF Group of Fidelity National Financial (FNF), Ageas (AGESY), Unum Group (UNM), Everest Re Group (RE), Reinsurance Group of America (RGA), American Financial Group (AFG) and Athene (ATH).
Who are W. R. Berkley's key executives?
W. R. Berkley's management team includes the folowing people:
- William R. Berkley, Executive Chairman of the Board (Age 71)
- W. Robert Berkley Jr., President, Chief Executive Officer, Director (Age 44)
- Richard Mark Baio, Chief Financial Officer, Senior Vice President, Treasurer (Age 48)
- Eugene G. Ballard, Executive Vice President - Finance (Age 64)
- Ira S. Lederman, Executive Vice President, Secretary (Age 63)
- James G. Shiel, Executive Vice President - Investments (Age 57)
- Matthew Michael Ricciardi, Senior Vice President, General Counsel (Age 49)
- Melissa M. Emmendorfer, Senior Vice President - Insurance Risk Management
- Mir Mazhar, Senior Vice President - Chief Project Officer
- Jonathan A. Schriber, Senior Vice President - Underwriting
Has W. R. Berkley been receiving favorable news coverage?
Media stories about WRB stock have trended somewhat negative this week, according to Accern Sentiment Analysis. Accern identifies positive and negative news coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. W. R. Berkley earned a daily sentiment score of -0.02 on Accern's scale. They also assigned press coverage about the insurance provider an impact score of 46.65 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company's share price in the near term.
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 shareholders include Atlanta Capital Management Co. L L C (3.88%), Victory Capital Management Inc. (2.91%), Boston Partners (2.82%), Bank of New York Mellon Corp (1.16%), TIAA CREF Investment Management LLC (0.73%) and Geode Capital Management LLC (0.72%). View Institutional Ownership Trends for W. R. Berkley.
Which major investors are selling W. R. Berkley stock?
WRB stock was sold by a variety of institutional investors in the last quarter, including PGGM Investments, APG Asset Management N.V., Chilton Investment Co. LLC, Goldman Sachs Group Inc., First Trust Advisors LP, First Quadrant L P CA, Monarch Partners Asset Management LLC and Metropolitan Life Insurance Co. NY. View Insider Buying and Selling for W. R. Berkley.
Which major investors are buying W. R. Berkley stock?
WRB stock was purchased by a variety of institutional investors in the last quarter, including Victory Capital Management Inc., Atlanta Capital Management Co. L L C, Millennium Management LLC, Renaissance Technologies LLC, Amundi Pioneer Asset Management Inc., Deutsche Bank AG, Boston Partners and MetLife Investment Advisors LLC. 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 $70.22.
How big of a company is W. R. Berkley?
W. R. Berkley has a market capitalization of $8.65 billion and generates $7.68 billion in revenue each year. The insurance provider earns $549.09 million in net income (profit) each year or $4.28 on an earnings per share basis. W. R. Berkley employs 7,222 workers across the globe.
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 (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 the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
W. R. Berkley (NYSE:WRB) Analysts' Consensus Rating (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus analyst ratings for company stocks using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Today||30 Days Ago||90 Days Ago||180 Days Ago|
|Consensus Rating: ||Hold||Hold||Hold||Hold|
|Consensus Rating Score: ||2.00||2.00||2.11||2.11|
|Ratings Breakdown: ||0 Sell Rating(s)|
7 Hold Rating(s)
0 Buy Rating(s)
0 Strong Buy Rating(s)
|0 Sell Rating(s)|
7 Hold Rating(s)
0 Buy Rating(s)
0 Strong Buy Rating(s)
|0 Sell Rating(s)|
8 Hold Rating(s)
1 Buy Rating(s)
0 Strong Buy Rating(s)
|0 Sell Rating(s)|
8 Hold Rating(s)
1 Buy Rating(s)
0 Strong Buy Rating(s)
|Consensus Price Target: ||$69.67||$69.67||$69.67||$66.00|
|Price Target Upside: ||0.79% downside||4.66% downside||3.86% upside||2.34% upside|
W. R. Berkley (NYSE:WRB) Consensus Price Target History
W. R. Berkley (NYSE:WRB) Analyst Ratings History
(Data available from 3/24/2016 forward)
W. R. Berkley (NYSE:WRB) Earnings History and Estimates Chart
W. R. Berkley (NYSE WRB) Earnings History by Quarter
(Earnings results data provided by Zacks Investment Research)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|1/30/2018||Q4 2017||$0.73||$0.76||$1.75 billion||$1.77 billion||View||N/A|
|10/24/2017||Q3 2017||$0.32||$0.36||$1.72 billion||$1.85 billion||View||N/A|
|7/25/2017||Q2 2017||$0.75||$0.65||$1.61 billion||$1.57 billion||View||N/A|
|4/24/2017||Q1 2017||$0.73||$0.70||$1.77 billion||$1.72 billion||View||N/A|
|1/31/2017||Q416||$0.78||$0.82||$1.89 billion||$1.97 billion||View||N/A|
|10/25/2016||Q316||$0.85||$0.88||$1.89 billion||$2.02 billion||View||Listen|
|7/25/2016||Q216||$0.77||$0.82||$1.96 billion||$1.56 billion||View||Listen|
|4/26/2016||Q116||$0.85||$0.89||$1.94 billion||$1.81 billion||View||Listen|
|2/2/2016||Q415||$0.81||$0.89||$1.89 billion||$1.81 billion||View||N/A|
|10/26/2015||Q315||$0.83||$0.91||$1.91 billion||$1.86 billion||View||Listen|
|7/27/2015||Q215||$0.81||$0.81||$1.88 billion||$1.79 billion||View||Listen|
|4/27/2015||Q115||$0.73||$0.80||$1.82 billion||$1.74 billion||View||N/A|
|2/3/2015||Q414||$0.89||$0.73||$1.78 billion||$1.78 billion||View||N/A|
|10/23/2014||Q314||$0.90||$1.06||$1.74 billion||$1.84 billion||View||N/A|
|7/28/2014||Q214||$0.79||$0.82||$1.68 million||$1.80 billion||View||N/A|
|4/22/2014||Q114||$0.78||$1.00||$1.65 billion||$1.71 billion||View||N/A|
|1/27/2014||Q413||$0.76||$0.93||$1.62 billion||$1.70 billion||View||N/A|
|10/22/2013||Q313||$0.69||$0.77||$1.57 billion||$1.63 billion||View||Listen|
|7/22/2013||Q2 2013||$0.68||$0.70||$1.56 billion||$1.57 billion||View||N/A|
|4/23/2013||Q1 2013||$0.71||$0.83||$1.45 billion||$1.51 billion||View||N/A|
|1/28/2013||Q4 2012||$0.49||$0.64||$1.48 billion||$1.61 billion||View||N/A|
W. R. Berkley (NYSE:WRB) Earnings Estimates
2018 EPS Consensus Estimate: $3.63
2019 EPS Consensus Estimate: $3.88
(Earnings estimates data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
W. R. Berkley (NYSE:WRB) Dividend Information
|Dividend Growth:||8.60% (3 Year Average)|
|Payout Ratio:||13.08% (Trailing 12 Months of Earnings) |
15.64% (Based on This Year's Estimates)
14.62% (Based on Next Year's Estimates)
|Track Record:||8 Years of Consecutive Dividend Growth|
W. R. Berkley (NYSE:WRB) Dividend History by Quarter
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading History for W. R. Berkley (NYSE WRB)
No insider trades for this company have been tracked by MarketBeat.com
W. R. Berkley (NYSE WRB) News Headlines
|W. R. Berkley Corp (WRB) Expected to Post Earnings of $0.92 Per Share|
www.americanbankingnews.com - March 23 at 9:30 AM
|W.R. Berkley Prices Subordinated Debentures, Receives Rating|
finance.yahoo.com - March 20 at 4:51 PM
|W.R. Berkley Corporation -- Moody's assigns W.R. Berkley's shelf ratings; rates subordinated notes Baa3(hyb), on review for upgrade|
finance.yahoo.com - March 20 at 9:03 AM
|W. R. Berkley Corp (WRB) Receives Average Recommendation of "Hold" from Analysts|
www.americanbankingnews.com - March 18 at 3:27 PM
|W. R. Berkley Corporation to Announce First Quarter 2018 Earnings on April 24, 2018|
finance.yahoo.com - March 15 at 5:36 PM
|Markel (MKL) vs. W. R. Berkley (WRB) Head-To-Head Analysis|
www.americanbankingnews.com - March 9 at 7:18 PM
| Analysts Anticipate W. R. Berkley Corp (WRB) Will Announce Quarterly Sales of $1.76 Billion|
www.americanbankingnews.com - March 8 at 9:50 AM
|W. R. Berkley Corp (WRB) Stake Decreased by WINTON GROUP Ltd|
www.americanbankingnews.com - March 4 at 2:27 PM
|W. R. Berkley Corp (WRB) Stake Lessened by State of Wisconsin Investment Board|
www.americanbankingnews.com - March 3 at 8:44 AM
|Brown Advisory Inc. Has $1.09 Million Stake in W. R. Berkley Corp (WRB)|
www.americanbankingnews.com - March 3 at 4:56 AM
|The Manufacturers Life Insurance Company Acquires 18,714 Shares of W. R. Berkley Corp (WRB)|
www.americanbankingnews.com - March 2 at 7:39 PM
|W. R. Berkley Corp (WRB) Shares Bought by Eaton Vance Management|
www.americanbankingnews.com - March 2 at 12:05 PM
|W. R. Berkley Corp (WRB) Holdings Reduced by First Trust Advisors LP|
www.americanbankingnews.com - March 2 at 8:18 AM
|W.R. Berkley (WRB) Rides on Premium Growth, Suffers Cat Loss|
finance.yahoo.com - March 1 at 5:25 PM
|W. R. Berkley Corp (WRB) Plans $0.14 Quarterly Dividend|
www.americanbankingnews.com - March 1 at 5:24 PM
|Bank of New York Mellon Corp Has $100.95 Million Stake in W. R. Berkley Corp (WRB)|
www.americanbankingnews.com - March 1 at 4:52 AM
|W. R. Berkley Corporation Declares Regular Quarterly Dividend|
finance.yahoo.com - February 28 at 5:34 PM
|UBS Asset Management Americas Inc. Purchases 18,101 Shares of W. R. Berkley Corp (WRB)|
www.americanbankingnews.com - February 28 at 4:56 PM
|Stock Review for Insurance Investors -- Sun Life Financial, Progressive, Third Point Reinsurance, and W.R. Berkley|
www.prnewswire.com - February 28 at 7:13 AM
|Stansberry Asset Management LLC Purchases Shares of 37,589 W. R. Berkley Corp (WRB)|
www.americanbankingnews.com - February 27 at 2:16 PM
|Rhumbline Advisers Trims Stake in W. R. Berkley Corp (WRB)|
www.americanbankingnews.com - February 27 at 11:26 AM
|W. R. Berkley Corp (WRB) Holdings Cut by Liberty Mutual Group Asset Management Inc.|
www.americanbankingnews.com - February 27 at 7:30 AM
|W. R. Berkley (WRB) vs. Radian Group (RDN) Head-To-Head Contrast|
www.americanbankingnews.com - February 27 at 3:06 AM
|W. R. Berkley Corp (WRB) Holdings Raised by Arizona State Retirement System|
www.americanbankingnews.com - February 26 at 4:35 AM
|W. R. Berkley Corp (WRB) Holdings Increased by FDx Advisors Inc.|
www.americanbankingnews.com - February 24 at 2:16 PM
|WR Berkley Corp (WRB) Files 10-K for the Fiscal Year Ended on December 31, 2017|
finance.yahoo.com - February 24 at 8:43 AM
|Teacher Retirement System of Texas Acquires Shares of 26,753 W. R. Berkley Corp (WRB)|
www.americanbankingnews.com - February 24 at 5:14 AM
|W. R. Berkley Corporation Announces Executive Appointment at Berkley Mid-Atlantic Group|
finance.yahoo.com - February 23 at 5:28 PM
|W. R. Berkley (WRB) Downgraded to Hold at Zacks Investment Research|
www.americanbankingnews.com - February 20 at 3:06 PM
|W. R. Berkley Corp (WRB) Expected to Post Quarterly Sales of $1.76 Billion|
www.americanbankingnews.com - February 19 at 6:04 AM
| Brokerages Anticipate W. R. Berkley Corp (WRB) to Post $0.92 Earnings Per Share|
www.americanbankingnews.com - February 17 at 1:14 PM
|Berkley Regional Insurance Company -- Moody's places W.R. Berkley's ratings on review for upgrade (Baa2 senior)|
finance.yahoo.com - February 9 at 9:35 AM
|Q1 2018 EPS Estimates for W. R. Berkley Corp (WRB) Reduced by Langen Mcalenn|
www.americanbankingnews.com - February 5 at 1:34 AM
|W. R. Berkley Corporation to Present at the Bank of America Merrill Lynch 2018 Insurance Conference|
finance.yahoo.com - February 2 at 9:36 AM
|Brokers Set Expectations for W. R. Berkley Corp's Q1 2018 Earnings (WRB)|
www.americanbankingnews.com - February 2 at 8:54 AM
|W. R. Berkley Corp (WRB) to Post Q1 2018 Earnings of $0.93 Per Share, Boenning Scattergood Forecasts|
www.americanbankingnews.com - February 2 at 8:34 AM
|$1.77 Billion in Sales Expected for W. R. Berkley Corp (WRB) This Quarter|
www.americanbankingnews.com - February 2 at 4:32 AM
|Royal Bank of Canada Reaffirms "Hold" Rating for W. R. Berkley (WRB)|
www.americanbankingnews.com - January 31 at 4:28 PM
|W.R. Berkley (WRB) Q4 Earnings and Revenues Beat Estimates|
finance.yahoo.com - January 31 at 4:03 PM
|Zacks: Brokerages Anticipate W. R. Berkley Corp (WRB) Will Post Earnings of $0.98 Per Share|
www.americanbankingnews.com - January 31 at 1:14 PM
|W.R. Berkley beats 4Q profit forecasts|
finance.yahoo.com - January 31 at 10:00 AM
|W. R. Berkley Corporation Reports Fourth Quarter Results|
finance.yahoo.com - January 31 at 10:00 AM
|W. R. Berkley's (WRB) "Hold" Rating Reiterated at Boenning Scattergood|
www.americanbankingnews.com - January 31 at 8:30 AM
|Is W R Berkley Corporation (NYSE:WRB) Worth $72.04 Based On Its Intrinsic Value?|
finance.yahoo.com - January 30 at 10:10 AM
|W. R. Berkley Corp (WRB) Given Average Recommendation of "Hold" by Brokerages|
www.americanbankingnews.com - January 27 at 3:22 PM
|Analyzing W. R. Berkley (WRB) & Hanover Insurance Group (THG)|
www.americanbankingnews.com - January 25 at 9:02 PM
|W. R. Berkley (WRB) Scheduled to Post Earnings on Tuesday|
www.americanbankingnews.com - January 23 at 4:28 AM
|FY2018 EPS Estimates for W. R. Berkley Corp Raised by Analyst (WRB)|
www.americanbankingnews.com - January 19 at 3:53 PM
|W. R. Berkley Corp (WRB) Expected to Post Quarterly Sales of $1.75 Billion|
www.americanbankingnews.com - January 16 at 2:08 PM
|United Insurance (UIHC) vs. W. R. Berkley (WRB) Critical Comparison|
www.americanbankingnews.com - January 13 at 1:34 PM
W. R. Berkley (NYSE:WRB) SEC Filings
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W. R. Berkley (NYSE:WRB) Income Statement, Balance Sheet and Cash Flow Statement
W. R. Berkley (NYSE WRB) Stock Chart for Saturday, March, 24, 2018