W.R. Berkley Corporation (NYSE:WRB) Earns Media Sentiment Rating of 0.12
Media stories about W.R. Berkley Corporation (NYSE:WRB) have trended somewhat positive recently, Accern Sentiment Analysis reports. The research firm identifies negative and positive news coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. W.R. Berkley Corporation earned a news sentiment score of 0.12 on Accern’s scale. Accern also gave news stories about the insurance provider an impact score of 47.4090462084719 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
These are some of the media headlines that may have effected Accern Sentiment’s rankings:
- The BidaskClub Downgrades WR Berkley Corporation (WRB) to Hold (elcumanes.com)
- WR Berkley Corporation (NYSE:WRB) Position Maintained by PhiloSmith Capital Corp (overnewsmagazine.com)
- W.R. Berkley Corp. :WRB-US: Earnings Analysis: Q2, 2017 By the Numbers : August 9, 2017 (finance.yahoo.com)
- W.R. Berkley Corporation Plans Quarterly Dividend of $0.14 (WRB) (americanbankingnews.com)
- W.R. Berkley Corporation (NYSE:WRB) Initiates Share Buyback Plan (americanbankingnews.com)
A number of research firms have issued reports on WRB. Morgan Stanley reaffirmed 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. Keefe, Bruyette & Woods set a $67.00 price target on shares of W.R. Berkley Corporation and gave the stock a “hold” rating in a report on Thursday, July 6th. BidaskClub cut shares of W.R. Berkley Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st. Zacks Investment Research cut shares of W.R. Berkley Corporation from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. Finally, Boenning Scattergood reaffirmed a “hold” rating on shares of W.R. Berkley Corporation in a report on Wednesday, July 26th. Three research analysts have rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $63.83.
Shares of W.R. Berkley Corporation (WRB) traded down 0.23% on Friday, hitting $68.38. 386,871 shares of the company traded hands. The company has a market capitalization of $8.29 billion, a PE ratio of 14.52 and a beta of 0.87. The stock’s 50-day moving average price is $69.20 and its 200-day moving average price is $69.14. W.R. Berkley Corporation has a 12 month low of $55.55 and a 12 month high of $73.17.
W.R. Berkley Corporation (NYSE:WRB) last posted its quarterly earnings results on Tuesday, July 25th. The insurance provider reported $0.65 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.75 by $0.10. W.R. Berkley Corporation had a return on equity of 7.58% and a net margin of 7.86%. The company had revenue of $1.57 billion for the quarter, compared to analyst estimates of $1.61 billion. During the same period last year, the company earned $0.82 earnings per share. The business’s revenue for the quarter was up .6% compared to the same quarter last year. On average, equities analysts predict that W.R. Berkley Corporation will post $2.94 earnings per share for the current year.
W.R. Berkley Corporation declared that its board has authorized a share buyback program on Tuesday, August 8th that authorizes the company to buyback 10,000,000 outstanding shares. This buyback authorization authorizes the insurance provider to purchase shares of its stock through open market purchases. Shares buyback programs are often an indication that the company’s leadership believes its stock is undervalued.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 4th. Stockholders of record on Wednesday, September 20th will be paid a dividend of $0.14 per share. The ex-dividend date of this dividend is Tuesday, September 19th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.82%. W.R. Berkley Corporation’s dividend payout ratio (DPR) is presently 11.84%.
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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.
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