FY2024 EPS Estimates for W. R. Berkley Lowered by Analyst

W. R. Berkley Co. (NYSE:WRB) – Research analysts at Zacks Research lowered their FY2024 EPS estimates for W. R. Berkley in a research report issued to clients and investors on Monday, November 11th. Zacks Research analyst T. De now forecasts that the insurance provider will post earnings per share of $3.94 for the year, down from their previous estimate of $3.97. The consensus estimate for W. R. Berkley’s current full-year earnings is $3.96 per share. Zacks Research also issued estimates for W. R. Berkley’s Q1 2025 earnings at $1.06 EPS, Q3 2025 earnings at $1.02 EPS, Q4 2025 earnings at $1.16 EPS, Q3 2026 earnings at $1.01 EPS and FY2026 earnings at $4.55 EPS.

W. R. Berkley (NYSE:WRB) last released its quarterly earnings data on Monday, October 21st. The insurance provider reported $0.93 EPS for the quarter, beating analysts’ consensus estimates of $0.92 by $0.01. W. R. Berkley had a net margin of 11.96% and a return on equity of 20.41%. The business had revenue of $2.93 billion during the quarter, compared to analysts’ expectations of $2.93 billion. During the same quarter in the prior year, the company earned $0.90 EPS. The firm’s quarterly revenue was up 10.8% on a year-over-year basis.

A number of other analysts have also recently issued reports on the company. Royal Bank of Canada increased their target price on W. R. Berkley from $57.00 to $63.00 and gave the stock a “sector perform” rating in a research note on Tuesday, October 22nd. Barclays began coverage on shares of W. R. Berkley in a report on Wednesday, September 4th. They set an “underweight” rating and a $56.00 price objective on the stock. StockNews.com raised shares of W. R. Berkley from a “hold” rating to a “buy” rating in a research report on Tuesday. Jefferies Financial Group increased their target price on W. R. Berkley from $53.00 to $57.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th. Finally, Truist Financial boosted their price target on W. R. Berkley from $64.00 to $68.00 and gave the company a “buy” rating in a report on Thursday, October 17th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $63.08.

W. R. Berkley Trading Down 0.3 %

NYSE WRB opened at $60.25 on Tuesday. W. R. Berkley has a one year low of $45.30 and a one year high of $61.96. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.36 and a quick ratio of 0.36. The firm has a market cap of $22.96 billion, a P/E ratio of 15.44, a P/E/G ratio of 1.20 and a beta of 0.62. The stock’s 50-day moving average is $58.42 and its 200-day moving average is $56.03.

W. R. Berkley Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 23rd were given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.53%. The ex-dividend date of this dividend was Monday, September 23rd. W. R. Berkley’s dividend payout ratio (DPR) is 8.20%.

Institutional Trading of W. R. Berkley

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Quantbot Technologies LP bought a new stake in W. R. Berkley in the 1st quarter valued at $595,000. SG Americas Securities LLC raised its position in shares of W. R. Berkley by 201.3% in the first quarter. SG Americas Securities LLC now owns 34,963 shares of the insurance provider’s stock valued at $3,092,000 after purchasing an additional 23,358 shares during the period. Oppenheimer & Co. Inc. acquired a new stake in shares of W. R. Berkley during the 1st quarter worth about $201,000. Forsta AP Fonden boosted its holdings in shares of W. R. Berkley by 17.1% during the 1st quarter. Forsta AP Fonden now owns 47,900 shares of the insurance provider’s stock worth $4,236,000 after buying an additional 7,000 shares during the period. Finally, Atomi Financial Group Inc. grew its stake in W. R. Berkley by 7.0% in the 1st quarter. Atomi Financial Group Inc. now owns 4,152 shares of the insurance provider’s stock valued at $367,000 after buying an additional 273 shares during the last quarter. 68.82% of the stock is owned by institutional investors.

W. R. Berkley Company Profile

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.