W. R. Berkley (NYSE:WRB) Announces Quarterly Earnings Results, Beats Estimates By $0.18 EPS

W. R. Berkley (NYSE:WRB) issued its earnings results on Monday. The insurance provider reported $1.13 EPS for the quarter, topping the consensus estimate of $0.95 by $0.18, Zacks reports. W. R. Berkley had a return on equity of 20.41% and a net margin of 11.96%.

W. R. Berkley Price Performance

Shares of W. R. Berkley stock opened at $59.34 on Tuesday. The business has a 50 day moving average of $60.10 and a 200 day moving average of $58.39. The company has a market cap of $22.61 billion, a PE ratio of 15.20, a P/E/G ratio of 1.04 and a beta of 0.67. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 0.34. W. R. Berkley has a 52 week low of $50.73 and a 52 week high of $65.49.

W. R. Berkley Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Monday, December 16th were given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.54%. The ex-dividend date was Monday, December 16th. W. R. Berkley’s payout ratio is 8.20%.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. StockNews.com cut W. R. Berkley from a “buy” rating to a “hold” rating in a research report on Thursday, January 16th. UBS Group upped their price objective on shares of W. R. Berkley from $67.00 to $69.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. Truist Financial boosted their price target on shares of W. R. Berkley from $64.00 to $68.00 and gave the stock a “buy” rating in a research note on Thursday, October 17th. Keefe, Bruyette & Woods lowered their price objective on shares of W. R. Berkley from $59.00 to $58.00 and set a “market perform” rating on the stock in a research report on Tuesday, October 22nd. Finally, Wells Fargo & Company reduced their target price on W. R. Berkley from $68.00 to $67.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 14th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $63.74.

About W. R. Berkley

W. R. Berkley Corporation, an insurance holding company, operates as a commercial lines writers worldwide. It operates in two segments, Insurance and Reinsurance & Monoline Excess. The Insurance segment underwrites commercial insurance business, including excess and surplus lines, admitted lines, and specialty personal lines.