W.R. Berkley Corp. (WRB) Shares Up 1.5%
W.R. Berkley Corp. (NYSE:WRB) shot up 1.5% during mid-day trading on Wednesday . The stock traded as high as $59.78 and last traded at $59.68, with a volume of 323,726 shares traded. The stock had previously closed at $58.77.
Several brokerages recently issued reports on WRB. Zacks Investment Research upgraded shares of W.R. Berkley Corp. from a “sell” rating to a “hold” rating in a report on Wednesday. Compass Point raised their target price on shares of W.R. Berkley Corp. from $55.00 to $60.00 and gave the stock a “neutral” rating in a report on Tuesday, July 26th. Finally, Royal Bank Of Canada raised their target price on shares of W.R. Berkley Corp. from $57.00 to $61.00 and gave the stock a “sector perform” rating in a report on Wednesday, July 13th. One investment analyst has rated the stock with a sell rating and six have given a hold rating to the stock. The stock has an average rating of “Hold” and an average price target of $55.17.
The firm has a 50-day moving average of $58.57 and a 200 day moving average of $56.23. The firm has a market cap of $7.28 billion and a price-to-earnings ratio of 15.555.
W.R. Berkley Corp. (NYSE:WRB) last posted its quarterly earnings results on Monday, July 25th. The company reported $0.82 EPS for the quarter, beating the consensus estimate of $0.77 by $0.05. During the same quarter in the prior year, the firm posted $0.81 EPS. The business earned $1.56 billion during the quarter, compared to the consensus estimate of $1.96 billion. The company’s revenue for the quarter was up 4.5% compared to the same quarter last year. On average, equities analysts forecast that W.R. Berkley Corp. will post $3.42 earnings per share for the current fiscal year.
W. R. Berkley Corporation is an insurance holding company. The Company operates in the three segments of the property casualty insurance business: Insurance-Domestic, Insurance-International and Reinsurance-Global. Its Insurance-Domestic segment includes commercial insurance business, including excess and surplus lines and admitted lines, primarily throughout the United States.
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