W.R. Berkley Corp. (WRB) Shares Up 1.5%
W.R. Berkley Corp. (NYSE:WRB) shares shot up 1.5% during trading on Wednesday . The company traded as high as $59.78 and last traded at $59.68, with a volume of 323,726 shares changing hands. The stock had previously closed at $58.77.
A number of brokerages have recently commented on WRB. Compass Point increased their price target on W.R. Berkley Corp. from $55.00 to $60.00 and gave the company a “neutral” rating in a research note on Tuesday, July 26th. Zacks Investment Research upgraded W.R. Berkley Corp. from a “sell” rating to a “hold” rating in a research note on Friday, August 19th. Finally, Royal Bank Of Canada increased their price target on W.R. Berkley Corp. from $57.00 to $61.00 and gave the company a “sector perform” rating in a research note on Wednesday, July 13th. One analyst has rated the stock with a sell rating and six have assigned a hold rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $55.17.
The stock has a 50-day moving average of $58.55 and a 200 day moving average of $56.27. The company has a market capitalization of $7.19 billion and a price-to-earnings ratio of 15.38.
W.R. Berkley Corp. (NYSE:WRB) last issued its quarterly earnings data 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 period last year, the company posted $0.81 earnings per share. The firm had revenue of $1.56 billion for the quarter, compared to the consensus estimate of $1.96 billion. The business’s revenue was up 4.5% on a year-over-year basis. On average, equities research analysts anticipate that W.R. Berkley Corp. will post $3.42 earnings per share for the current year.
The business also recently announced a dividend, which will be paid on Wednesday, October 5th. Investors of record on Tuesday, September 20th will be issued a $0.63 dividend. The ex-dividend date is Friday, September 16th. This is a positive change from W.R. Berkley Corp.’s previous dividend of $0.12.
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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