W.R. Berkley Corporation (NYSE:WRB) has been assigned a consensus rating of “Hold” from the ten ratings firms that are presently covering the stock, Marketbeat.com reports. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $61.80.

Several equities analysts have issued reports on WRB shares. Boenning Scattergood reiterated a “hold” rating on shares of W.R. Berkley Corporation in a research note on Wednesday, July 26th. BidaskClub downgraded W.R. Berkley Corporation from a “buy” rating to a “hold” rating in a report on Thursday, June 29th. Zacks Investment Research raised W.R. Berkley Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, July 18th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $67.00 price target on shares of W.R. Berkley Corporation in a report on Wednesday, May 17th. Finally, Morgan Stanley reissued an “equal weight” rating and issued a $70.00 price target (up previously from $68.00) on shares of W.R. Berkley Corporation in a report on Friday, July 7th.

Several hedge funds have recently bought and sold shares of WRB. Raymond James Trust N.A. boosted its stake in W.R. Berkley Corporation by 1.0% in the first quarter. Raymond James Trust N.A. now owns 3,593 shares of the insurance provider’s stock worth $254,000 after buying an additional 35 shares during the period. World Asset Management Inc boosted its stake in shares of W.R. Berkley Corporation by 0.6% in the second quarter. World Asset Management Inc now owns 6,689 shares of the insurance provider’s stock valued at $463,000 after buying an additional 39 shares during the last quarter. Mn Services Vermogensbeheer B.V. boosted its stake in shares of W.R. Berkley Corporation by 4.2% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 2,548 shares of the insurance provider’s stock valued at $168,000 after buying an additional 102 shares during the last quarter. Capstone Asset Management Co. boosted its stake in shares of W.R. Berkley Corporation by 1.0% in the first quarter. Capstone Asset Management Co. now owns 12,528 shares of the insurance provider’s stock valued at $885,000 after buying an additional 130 shares during the last quarter. Finally, Municipal Employees Retirement System of Michigan boosted its stake in shares of W.R. Berkley Corporation by 0.3% in the first quarter. Municipal Employees Retirement System of Michigan now owns 45,000 shares of the insurance provider’s stock valued at $3,178,000 after buying an additional 130 shares during the last quarter. Institutional investors and hedge funds own 72.18% of the company’s stock.

Shares of W.R. Berkley Corporation (NYSE WRB) traded down 0.82% during mid-day trading on Friday, hitting $68.63. 328,305 shares of the stock were exchanged. W.R. Berkley Corporation has a 12 month low of $55.55 and a 12 month high of $73.17. The stock’s 50 day moving average is $69.40 and its 200 day moving average is $69.10. The firm has a market cap of $8.32 billion, a P/E ratio of 14.57 and a beta of 0.87.

W.R. Berkley Corporation (NYSE:WRB) last announced its quarterly earnings results on Tuesday, July 25th. The insurance provider reported $0.65 EPS for the quarter, missing the consensus estimate of $0.75 by $0.10. The firm had revenue of $1.57 billion for the quarter, compared to analysts’ expectations of $1.61 billion. W.R. Berkley Corporation had a net margin of 7.86% and a return on equity of 7.67%. The business’s quarterly revenue was up .6% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.82 EPS. Analysts expect that W.R. Berkley Corporation will post $2.94 EPS for the current fiscal year.

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W.R. Berkley Corporation Company Profile

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.

Analyst Recommendations for W.R. Berkley Corporation (NYSE:WRB)

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