Equities

Equities Analysts Offer Predictions for W. R. Berkley Co.’s FY2021 Earnings (NYSE:WRB)

W. R. Berkley Co. (NYSE:WRB) – Truist Securiti issued their FY2021 earnings per share estimates for W. R. Berkley in a report issued on Thursday, December 9th. Truist Securiti analyst M. Hughes expects that the insurance provider will post earnings of $4.80 per share for the year. Truist Securiti also issued estimates for W. R. Berkley’s Q4 2021 earnings at $1.23 EPS, Q1 2022 earnings at $1.26 EPS, Q2 2022 earnings at $1.30 EPS, Q3 2022 earnings at $1.34 EPS, Q4 2022 earnings at $1.40 EPS, FY2022 earnings at $5.30 EPS, Q1 2023 earnings at $1.48 EPS, Q2 2023 earnings at $1.51 EPS, Q3 2023 earnings at $1.55 EPS and FY2023 earnings at $6.15 EPS. W. R. Berkley (NYSE:WRB) last announced its quarterly earnings data on Wednesday, October 20th. The insurance provider reported $1.32 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.94 by $0.38. The firm had revenue of $2.40 billion during the quarter. W. R. Berkley had a net margin of 11.32% and a return on equity of 12.93%. During the same period last year, the company earned $0.65 earnings per share.

Several other research firms have also recently weighed in on WRB. Truist Securities initiated coverage on shares of W. R. Berkley in a report on Thursday. They issued a “buy” rating and a $105.00 price target on the stock. Jefferies Financial Group started coverage on W. R. Berkley in a report on Thursday, November 18th. They issued a “hold” rating and a $82.00 target price on the stock. Truist Financial assumed coverage on W. R. Berkley in a research report on Thursday. They issued a “buy” rating and a $105.00 target price on the stock. Zacks Investment Research upgraded W. R. Berkley from a “strong sell” rating to a “hold” rating and set a $70.00 price target for the company in a report on Monday, October 25th. Finally, Wolfe Research began coverage on W. R. Berkley in a report on Monday, August 16th. They set a “market perform” rating and a $76.00 price objective on the stock. Six research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $88.00.

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NYSE:WRB opened at $80.94 on Monday. The stock has a 50-day moving average price of $79.61 and a 200 day moving average price of $76.37. The stock has a market capitalization of $14.30 billion, a P/E ratio of 14.53, a P/E/G ratio of 1.86 and a beta of 0.85. W. R. Berkley has a 12-month low of $61.49 and a 12-month high of $84.93. The company has a current ratio of 0.49, a quick ratio of 0.49 and a debt-to-equity ratio of 0.49.

Several hedge funds have recently added to or reduced their stakes in WRB. Vanguard Group Inc. boosted its stake in shares of W. R. Berkley by 0.8% during the second quarter. Vanguard Group Inc. now owns 15,633,476 shares of the insurance provider’s stock valued at $1,163,599,000 after purchasing an additional 124,959 shares in the last quarter. BlackRock Inc. boosted its position in W. R. Berkley by 3.0% during the 2nd quarter. BlackRock Inc. now owns 9,931,404 shares of the insurance provider’s stock valued at $739,193,000 after acquiring an additional 291,659 shares in the last quarter. State Street Corp increased its holdings in shares of W. R. Berkley by 1.2% in the 2nd quarter. State Street Corp now owns 7,116,748 shares of the insurance provider’s stock valued at $534,111,000 after acquiring an additional 84,894 shares during the period. Kayne Anderson Rudnick Investment Management LLC raised its position in shares of W. R. Berkley by 21.9% in the 3rd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 5,358,324 shares of the insurance provider’s stock worth $392,123,000 after acquiring an additional 962,043 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its stake in shares of W. R. Berkley by 4.1% during the 3rd quarter. Victory Capital Management Inc. now owns 5,133,964 shares of the insurance provider’s stock worth $375,704,000 after purchasing an additional 203,104 shares during the last quarter. Hedge funds and other institutional investors own 68.68% of the company’s stock.

The company also recently announced a special dividend, which will be paid on Wednesday, December 22nd. Shareholders of record on Tuesday, December 7th will be given a dividend of $1.00 per share. The ex-dividend date is Monday, December 6th. This is a positive change from W. R. Berkley’s previous special dividend of $0.33. This represents a yield of 0.6%. W. R. Berkley’s payout ratio is 9.34%.

About W. R. Berkley

W.R. Berkley Corp. is an insurance holding company, which engages in the property casualty insurance business. It operates through the following segments: Insurance and Reinsurance & Monoline Excess. The Insurance segment includes excess and surplus lines, admitted lines, and specialty personal lines throughout the United States, as well as insurance business in the United Kingdom, Continental Europe, South America, Canada, Mexico, Scandinavia, Asia and Australia.

See Also: Return on Investment (ROI) Defined, Explained

Earnings History and Estimates for W. R. Berkley (NYSE:WRB)

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