About W. R. Berkley (NYSE:WRB)
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, 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 protective coverages to contractors and owners; and liquor liability and inland marine coverage for small to medium-sized insureds. In addition, this segment offers aviation insurance products; 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 based in Greenwich, Connecticut.
Industry, Sector and Symbol
Industry Fire, marine, & casualty insurance
Sub-IndustryProperty & Casualty Insurance
SectorFinance
SymbolNYSE:WRB
CUSIP08442310
Phone203-629-3000
Debt
Debt-to-Equity Ratio0.46%
Current Ratio0.36%
Quick Ratio0.36%
Price-To-Earnings
Trailing P/E Ratio30.26
Forward P/E Ratio21.06
P/E Growth2.35
Sales & Book Value
Annual Sales$7.68 billion
Price / Sales1.18
Cash Flow$3.5165 per share
Price / Cash21.20
Book Value$44.76 per share
Price / Book1.67
Profitability
EPS (Most Recent Fiscal Year)$2.46
Net Income$549.09 million
Net Margins7.15%
Return on Equity5.89%
Return on Assets1.32%
Miscellaneous
Employees7,222
Outstanding Shares121,540,000
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. Stockholders 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 dividend on an annualized basis and a dividend yield of 0.75%. 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 declared that its Board of Directors has approved a stock repurchase plan on Wednesday, August 9th 2017, which authorizes the company to repurchase 10,000,000 shares, according to EventVestor. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company's leadership believes its shares are undervalued.
How were W. R. Berkley's earnings last quarter?
W. R. Berkley Co. (NYSE:WRB) posted its quarterly earnings results on Tuesday, January, 30th. The insurance provider reported $0.76 earnings per share for the quarter, beating analysts' consensus estimates of $0.73 by $0.03. The insurance provider earned $1.77 billion during the quarter, compared to analysts' expectations 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 is W. R. Berkley's next earnings date?
What price target have analysts set for WRB?
8 brokerages have issued 1-year price targets for W. R. Berkley's shares. Their forecasts range from $66.00 to $74.00. On average, they expect W. R. Berkley's share price to reach $69.1429 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, "Shares of W.R. Berkley underperformed the industry in a year's time. The company also witnessed its estimates moved south in the last 60 days. Exposures to highly competitive insurance market and cat loss are dampeners. Rising expenses has been weighing on margin expansion. Nonetheless, 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." (4/7/2018)
- 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 The Hartford (HIG), Loews (L), Markel (MKL), Fairfax Financial (FRFHF), XL Capital Partners (XL), CNA Financial (CNA), Cincinnati Financial (CINF), Arch Capital Group (ACGL), Everest Re Group (RE), American Financial Group (AFG), Alleghany (Y), RenaissanceRe (RNR), Validus (VR), The Hanover Insurance Group (THG), AXIS Capital (AXS), Enstar Gr (ESGR), Selective Insurance (SIGI) and White Mountains Insurance Group (WTM).
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 73)
- Mr. William Robert Berkley Jr., Pres, CEO & Director (Age 45)
- Mr. Richard Mark Baio, Sr. VP, CFO, Principal Accounting Officer & Treasurer (Age 49)
- Mr. James G. Shiel, Exec. VP of Investments (Age 58)
- Mr. Eugene G. Ballard, Exec. VP of Fin. (Age 65)
Has W. R. Berkley been receiving favorable news coverage?
News stories about WRB stock have been trending somewhat positive this week, Accern reports. Accern scores the sentiment of news coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. W. R. Berkley earned a news sentiment score of 0.16 on Accern's scale. They also assigned news coverage about the insurance provider an impact score of 44.73 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock's share price in the next few days.
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 $74.55.
How big of a company is W. R. Berkley?
W. R. Berkley has a market capitalization of $9.45 billion and generates $7.68 billion in revenue each year. The insurance provider earns $549.09 million in net income (profit) each year or $2.46 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 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.
W. R. Berkley (NYSE:WRB) Price Target and Consensus Rating
(How are Consensus Ratings Calculated?) MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's 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's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
8 Wall Street analysts have issued ratings and price targets for W. R. Berkley in the last 12 months. Their average twelve-month price target is $69.1429, suggesting that the stock has a possible downside of 7.25%. The high price target for WRB is $74.00 and the low price target for WRB is $66.00. There are currently 1 sell rating and 7 hold ratings for the stock, resulting in a consensus rating of "Hold."
| Today | 30 Days Ago | 90 Days Ago | 180 Days Ago |
| Consensus Rating: | Hold | Hold | Hold | Hold |
| Consensus Rating Score: | 1.88 | 1.88 | 1.89 | 2.00 |
| Ratings Breakdown: | 1 Sell Rating(s)
7 Hold Rating(s)
0 Buy Rating(s)
0 Strong Buy Rating(s) | 1 Sell Rating(s)
7 Hold Rating(s)
0 Buy Rating(s)
0 Strong Buy Rating(s) | 1 Sell Rating(s)
8 Hold Rating(s)
0 Buy Rating(s)
0 Strong Buy Rating(s) | 1 Sell Rating(s)
9 Hold Rating(s)
1 Buy Rating(s)
0 Strong Buy Rating(s) |
| Consensus Price Target: | $69.1429 | $69.1429 | $69.1429 | $67.75 |
| Price Target Upside: | 7.25% downside | 5.37% downside | 3.08% upside | 3.38% downside |
W. R. Berkley (NYSE:WRB) Consensus Price Target History
W. R. Berkley (NYSE:WRB) Analyst Ratings History
Show:
(Data available from 4/23/2016 forward)
W. R. Berkley (NYSE:WRB) Dividend Information
W. R. Berkley pays an annual dividend of $0.56 per share, with a dividend yield of 0.75%. WRB's most recent quarterly dividend payment was Monday, April 2. The company has grown its dividend for the last 8 consecutive years and is increasing its dividend by an average of 8.60% each year. W. R. Berkley pays out 22.76% of its earnings out as a dividend.
| Most Recent Dividend: | 4/2/2018 |
| Annual Dividend: | $0.56 |
| Dividend Yield: | 0.75% |
| Dividend Growth: | 8.60% (3 Year Average) |
| Payout Ratio: | 22.76% (Trailing 12 Months of Earnings)
15.82% (Based on This Year's Estimates)
14.62% (Based on Next Year's Estimates)
|
| Track Record: | 8 Years of Consecutive Dividend Growth |
| Frequency: | Quarterly Dividend |
W. R. Berkley (NYSE:WRB) Dividend History by Quarter
| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 3/1/2018 | quarterly | $0.14 | 0.82% | 3/13/2018 | 3/14/2018 | 4/2/2018 |
| 11/14/2017 | quarterly | $0.14 | 0.83% | 11/29/2017 | 11/30/2017 | 12/14/2017 |
| 8/9/2017 | quarterly | $0.14 | 0.82% | 9/19/2017 | 9/20/2017 | 10/4/2017 |
| 5/17/2017 | quarterly | $0.14 | 0.84% | 6/13/2017 | 6/15/2017 | 7/5/2017 |
| 2/9/2017 | quarterly | $0.13 | 0.76% | 3/13/2017 | 3/15/2017 | 4/5/2017 |
| 11/4/2016 | Quarterly | $0.13 | | 11/29/2016 | 12/1/2016 | 12/15/2016 |
| 11/4/2016 | | $0.50 | | 11/9/2016 | 11/14/2016 | 11/21/2016 |
| 8/2/2016 | | $0.63 | | 9/16/2016 | 9/20/2016 | 10/5/2016 |
| 5/25/2016 | Quarterly | $0.13 | | 6/13/2016 | 6/15/2016 | 7/5/2016 |
| 2/17/2016 | Quarterly | $0.12 | | 3/11/2016 | 3/15/2016 | 4/5/2016 |
| 11/5/2015 | Quarterly | $0.12 | | 11/27/2015 | 12/1/2015 | 12/17/2015 |
| 8/4/2015 | | $0.12 | | 9/3/2015 | 9/8/2015 | 10/1/2015 |
| 6/3/2015 | quarterly | $0.12 | 0.95% | 6/11/2015 | 6/15/2015 | 7/1/2015 |
| 2/19/2015 | quarterly | $0.11 | 0.88% | 3/17/2015 | 3/19/2015 | 4/1/2015 |
| 12/8/2014 | special | $1.00 | 0.82% | 12/16/2014 | 12/18/2014 | 12/30/2014 |
| 11/6/2014 | quarterly | $0.11 | 0.86% | 11/28/2014 | 12/2/2014 | 12/18/2014 |
| 8/5/2014 | quarterly | $0.11 | 0.98% | 9/8/2014 | 9/10/2014 | 10/1/2014 |
| 5/20/2014 | quarterly | $0.11 | 1% | 6/6/2014 | 6/10/2014 | 7/1/2014 |
| 2/19/2014 | quarterly | $0.10 | 0.98% | 3/17/2014 | 3/19/2014 | 4/1/2014 |
| 11/18/2013 | quarterly | $0.10 | 0.91% | 11/29/2013 | 12/3/2013 | 12/19/2013 |
| 8/6/2013 | quarterly | $0.10 | 0.96% | 9/6/2013 | 9/10/2013 | 10/1/2013 |
| 5/21/2013 | quarterly | $0.10 | 0.97% | 6/7/2013 | 6/11/2013 | 7/2/2013 |
| 3/21/2013 | quarterly | $0.09 | 0.83% | 3/27/2013 | 4/1/2013 | 4/9/2013 |
| 12/14/2012 | special | $1.00 | | 12/20/2012 | 12/24/2012 | 12/31/2012 |
(Data available from 1/1/2013 forward)
W. R. Berkley (NYSE WRB) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 22.10%
Institutional Ownership Percentage: 72.02%
W. R. Berkley (NYSE WRB) Insider Trading History
| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Shares Held After Transaction | Details |
|---|
(Data available from 1/1/2013 forward)
W. R. Berkley (NYSE WRB) News Headlines
| Source: |
|
| Date | Headline |
|---|
 | BRIEF-W. R. Berkley Corp CEO's 2017 Compensation Was $10.3 Mln
www.reuters.com - April 20 at 4:57 PM |
 | W. R. Berkley Corporation Announces Senior Executive Appointments
finance.yahoo.com - April 19 at 5:11 PM |
 | W. R. Berkley (WRB) to Release Earnings on Tuesday
www.americanbankingnews.com - April 17 at 2:28 AM |
| W. R. Berkley (WRB) Given "Hold" Rating at Boenning Scattergood
www.americanbankingnews.com - April 15 at 8:22 PM |
| W. R. Berkley Corp (WRB) Receives Consensus Recommendation of "Hold" from Analysts
www.americanbankingnews.com - April 12 at 3:31 PM |
| W. R. Berkley Corp to Post Q1 2018 Earnings of $0.83 Per Share, Boenning Scattergood Forecasts (WRB)
www.americanbankingnews.com - April 12 at 7:25 AM |
 | This Morning's Technical Outlook on Insurance Stocks -- W.R. Berkley, Warrior Met Coal, WMIH, and XL Group
www.prnewswire.com - April 11 at 9:16 AM |
| W. R. Berkley Corp (WRB) Expected to Post Quarterly Sales of $1.76 Billion
www.americanbankingnews.com - April 11 at 4:10 AM |
| Zacks: Brokerages Expect W. R. Berkley Corp (WRB) Will Post Earnings of $0.92 Per Share
www.americanbankingnews.com - April 9 at 9:14 AM |
| W. R. Berkley (WRB) Downgraded by Zacks Investment Research to "Sell"
www.americanbankingnews.com - April 7 at 2:46 PM |
| W. R. Berkley (WRB) Earns Hold Rating from Boenning Scattergood
www.americanbankingnews.com - April 5 at 12:39 PM |
 | W.R. Berkley Corporation: This 5.70% Baby Bond Started Trading On The NYSE
seekingalpha.com - April 2 at 5:02 PM |
| W. R. Berkley Corp. vs. Alleghany: Which Is a Better Insurer?
finance.yahoo.com - March 26 at 4:50 PM |
| W. R. Berkley Corp (WRB) Expected to Announce Quarterly Sales of $1.76 Billion
www.americanbankingnews.com - March 25 at 8:38 AM |
| 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 |
| 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 |
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 Monday, April, 23, 2018
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