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NYSE:WRB

W. R. Berkley - WRB Stock Forecast, Price & News

$68.05
+1.45 (+2.18%)
(As of 08/17/2022 12:00 AM ET)
Add
Compare
Today's Range
$66.26
$68.10
50-Day Range
$61.11
$69.65
52-Week Range
$47.13
$72.32
Volume
1.35 million shs
Average Volume
1.30 million shs
Market Capitalization
$18.05 billion
P/E Ratio
14.32
Dividend Yield
0.60%
Price Target
$70.03

W. R. Berkley MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.73 Rating Score
Upside/​Downside
2.9% Upside
$70.03 Price Target
Short Interest
Healthy
1.09% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.50
Upright™ Environmental Score
News Sentiment
N/A
Insider Trading
Acquiring Shares
$371,785 Bought Last Quarter
Proj. Earnings Growth
10.49%
From $4.10 to $4.53 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.31 out of 5 stars

Finance Sector

485th out of 932 stocks

Fire, Marine, & Casualty Insurance Industry

25th out of 50 stocks

WRB stock logo

About W. R. Berkley (NYSE:WRB) Stock

W. R. Berkley Corporation, an insurance holding company, operates as a commercial lines writer in the United States and internationally. It operates in two segments, Insurance and Reinsurance & Monoline Excess. The Insurance segment underwrites commercial insurance business, including premises operations, commercial automobile, property, products liability, and general and professional liability lines. It also provides workers' compensation insurance products; accident and health insurance and reinsurance products; insurance for commercial risks; specialty environmental products for contractors, consultants, and property owners and facilities operators; specialized insurance coverages for fine arts and jewelry exposures; umbrella and excess liability coverage products; 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 technology, and life sciences and travel industries; cyber risk solutions; casualty, group life, and crime and fidelity related insurance products; personal lines insurance solutions, including home, condo/co-op, auto, 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 & Monoline Excess 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.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the stock. Truist Financial boosted their price objective on shares of W. R. Berkley from $73.33 to $83.00 in a research note on Tuesday, April 26th. Jefferies Financial Group boosted their price objective on shares of W. R. Berkley from $67.00 to $70.00 and gave the stock a "hold" rating in a research note on Tuesday, July 12th. Morgan Stanley boosted their price objective on shares of W. R. Berkley from $68.00 to $70.00 and gave the stock an "equal weight" rating in a research note on Monday, May 23rd. Argus began coverage on shares of W. R. Berkley in a research report on Wednesday, August 3rd. They set a "buy" rating and a $72.00 price target on the stock. Finally, StockNews.com lowered W. R. Berkley from a "buy" rating to a "hold" rating in a research report on Monday, July 25th. Four analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $70.03.

W. R. Berkley Trading Up 2.2 %

WRB Stock traded up $1.45 during mid-day trading on Wednesday, reaching $68.05. The company's stock had a trading volume of 1,348,645 shares, compared to its average volume of 1,439,884. The company has a market cap of $18.05 billion, a price-to-earnings ratio of 14.32, a price-to-earnings-growth ratio of 1.80 and a beta of 0.65. The business's 50 day moving average price is $65.50 and its 200 day moving average price is $65.31. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 0.43. W. R. Berkley has a 12 month low of $47.13 and a 12 month high of $72.32.

W. R. Berkley (NYSE:WRB - Get Rating) last released its quarterly earnings data on Thursday, July 21st. The insurance provider reported $1.12 EPS for the quarter, beating the consensus estimate of $0.84 by $0.28. The firm had revenue of $2.68 billion during the quarter, compared to the consensus estimate of $2.56 billion. W. R. Berkley had a return on equity of 17.26% and a net margin of 12.71%. During the same quarter in the previous year, the company posted $0.78 earnings per share. On average, equities research analysts predict that W. R. Berkley will post 4.1 EPS for the current year.

W. R. Berkley Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 7th. Stockholders of record on Monday, June 27th were issued a dividend of $0.10 per share. This is an increase from W. R. Berkley's previous quarterly dividend of $0.09. The ex-dividend date was Friday, June 24th. This represents a $0.40 annualized dividend and a dividend yield of 0.59%. W. R. Berkley's payout ratio is currently 8.42%.

Insider Activity

In other news, Director Mark Ellwood Brockbank acquired 4,566 shares of the firm's stock in a transaction dated Friday, July 29th. The stock was purchased at an average price of $62.00 per share, for a total transaction of $283,092.00. Following the completion of the acquisition, the director now directly owns 4,566 shares in the company, valued at approximately $283,092. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 22.50% of the company's stock.

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WRB Stock News Headlines

Bull of the Day: W.R. Berkley Corporation (WRB)
StockNews.com Downgrades W. R. Berkley (NYSE:WRB) to Hold
RLI Corp. (RLI) Beats Q2 Earnings Estimates
6 Analysts Have This to Say About WR Berkley
W.R. Berkley Corporation News
See More Headlines
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WRB Company Calendar

Ex-Dividend for 7/7 Dividend
6/24/2022
Dividend Payable
7/07/2022
Last Earnings
7/21/2022
Today
8/18/2022
Next Earnings (Estimated)
10/20/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Fire, marine, & casualty insurance
Sub-Industry
Property & Casualty Insurance
Sector
Finance
CUSIP
08442310
Employees
7,681
Year Founded
1967

Price Target and Rating

Average Stock Price Forecast
$70.03
High Stock Price Forecast
$83.00
Low Stock Price Forecast
$57.33
Forecasted Upside/Downside
+2.9%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.73
Research Coverage
11 Analysts

Profitability

Net Income
$1.02 billion
Pretax Margin
15.74%

Debt

Sales & Book Value

Annual Sales
$9.46 billion
Cash Flow
$4.17 per share
Book Value
$24.64 per share

Miscellaneous

Free Float
205,587,000
Market Cap
$18.05 billion
Optionable
Optionable
Beta
0.65

Social Links


Key Executives

  • Mr. William Robert Berkley (Age 77)
    Exec. Chairman
    Comp: $10.52M
  • Mr. William Robert Berkley Jr. (Age 49)
    Pres, CEO & Director
    Comp: $10.39M
  • Mr. Richard Mark Baio (Age 53)
    Exec. VP & CFO
    Comp: $1.93M
  • Mr. James Gerald Shiel (Age 62)
    Exec. VP of Investments
    Comp: $2M
  • Ms. Lucille T. Sgaglione (Age 72)
    Exec. VP
    Comp: $2M
  • Mr. Philip Stanley Welt (Age 62)
    Exec. VP, Gen. Counsel & Sec.
  • Mr. A. Scott Mansolillo
    SVP & Chief Compliance Officer
  • Ms. Karen A. Horvath
    VP of External Financial Communications
  • Mr. Jonathan M. Levine
    VP & Chief Marketing Officer
  • Ms. Carol Josephine LaPunzina (Age 60)
    Sr. VP of HR













WRB Stock - Frequently Asked Questions

Should I buy or sell W. R. Berkley stock right now?

11 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for W. R. Berkley in the last twelve months. There are currently 3 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" WRB shares.
View WRB analyst ratings
or view top-rated stocks.

What is W. R. Berkley's stock price forecast for 2022?

11 brokerages have issued 12 month price targets for W. R. Berkley's shares. Their WRB share price forecasts range from $57.33 to $83.00. On average, they predict the company's stock price to reach $70.03 in the next twelve months. This suggests a possible upside of 2.9% from the stock's current price.
View analysts price targets for WRB
or view top-rated stocks among Wall Street analysts.

How have WRB shares performed in 2022?

W. R. Berkley's stock was trading at $54.9267 at the beginning of the year. Since then, WRB stock has increased by 23.9% and is now trading at $68.05.
View the best growth stocks for 2022 here
.

Are investors shorting W. R. Berkley?

W. R. Berkley saw a increase in short interest during the month of July. As of July 15th, there was short interest totaling 2,610,000 shares, an increase of 22.5% from the June 30th total of 2,130,000 shares. Based on an average daily trading volume, of 1,530,000 shares, the short-interest ratio is presently 1.7 days.
View W. R. Berkley's Short Interest
.

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

The company is scheduled to release its next quarterly earnings announcement on Thursday, October 20th 2022.
View our WRB earnings forecast
.

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

W. R. Berkley Co. (NYSE:WRB) posted its quarterly earnings results on Thursday, July, 21st. The insurance provider reported $1.12 earnings per share for the quarter, topping analysts' consensus estimates of $0.84 by $0.28. The insurance provider had revenue of $2.68 billion for the quarter, compared to analysts' expectations of $2.56 billion. W. R. Berkley had a net margin of 12.71% and a trailing twelve-month return on equity of 17.26%. During the same period in the previous year, the company posted $0.78 EPS.
Read the conference call transcript
.

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 Wednesday, June 15th. Investors of record on Monday, June 27th will be given a dividend of $0.10 per share on Thursday, July 7th. This represents a $0.40 dividend on an annualized basis and a yield of 0.59%. The ex-dividend date is Friday, June 24th. This is a positive change from the stock's previous quarterly dividend of $0.09.
Read our dividend analysis for WRB
.

Is W. R. Berkley a good dividend stock?

W. R. Berkley (NYSE:WRB) pays an annual dividend of $0.40 per share and currently has a dividend yield of 0.60%. The company has been increasing its dividend for 22 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 8.42%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, WRB will have a dividend payout ratio of 8.83% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for WRB.

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

W. R. Berkley's stock split on the morning of Thursday, March 24th 2022. The 3-2 split was announced on Friday, February 25th 2022. The newly minted shares were issued to shareholders after the closing bell on Wednesday, March 23rd 2022. An investor that had 100 shares of stock prior to the split would have 150 shares after the split.

What is W. Robert Berkley, Jr.'s approval rating as W. R. Berkley's CEO?

63 employees have rated W. R. Berkley Chief Executive Officer W. Robert Berkley, Jr. on Glassdoor.com. W. Robert Berkley, Jr. has an approval rating of 88% among the company's employees. 70.0% of employees surveyed would recommend working at W. R. Berkley to a friend.

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), Starbucks (SBUX), AT&T (T), Verizon Communications (VZ), Johnson & Johnson (JNJ), Target (TGT), Walt Disney (DIS), Pfizer (PFE), Raytheon Technologies (RTX) and CVS Health (CVS).

What is W. R. Berkley's stock symbol?

W. R. Berkley trades on the New York Stock Exchange (NYSE) under the ticker symbol "WRB."

Who are W. R. Berkley's major shareholders?

W. R. Berkley's stock is owned by many different institutional and retail investors. Top institutional shareholders include State Street Corp (4.17%), Kayne Anderson Rudnick Investment Management LLC (3.40%), Victory Capital Management Inc. (2.02%), JPMorgan Chase & Co. (1.17%), BloombergSen Inc. (0.82%) and Northern Trust Corp (0.77%).
View institutional ownership trends
.

How do I buy shares of W. R. Berkley?

Shares of WRB stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

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

One share of WRB stock can currently be purchased for approximately $68.05.

How much money does W. R. Berkley make?

W. R. Berkley (NYSE:WRB) has a market capitalization of $18.05 billion and generates $9.46 billion in revenue each year. The insurance provider earns $1.02 billion in net income (profit) each year or $4.7533 on an earnings per share basis.

How many employees does W. R. Berkley have?

The company employs 7,681 workers across the globe.

When was W. R. Berkley founded?

W. R. Berkley was founded in 1967.

How can I contact W. R. Berkley?

W. R. Berkley's mailing address is 475 STEAMBOAT ROAD, GREENWICH CT, 06830. The official website for the company is www.wrberkley.com. The insurance provider can be reached via phone at (203) 629-3000, via email at investorrelations@berkley.com, or via fax at 203-629-3073.

This page (NYSE:WRB) was last updated on 8/18/2022 by MarketBeat.com Staff

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