W. R. Berkley (NYSE:WRB – Get Free Report)‘s stock had its “sector perform” rating reaffirmed by equities researchers at Royal Bank of Canada in a research report issued on Tuesday,Benzinga reports. They presently have a $63.00 target price on the insurance provider’s stock. Royal Bank of Canada’s price target indicates a potential upside of 7.35% from the stock’s previous close.
A number of other analysts have also issued reports on WRB. Wells Fargo & Company lifted their price target on shares of W. R. Berkley from $67.00 to $70.00 and gave the stock an “overweight” rating in a research note on Tuesday. Morgan Stanley started coverage on shares of W. R. Berkley in a research report on Thursday, December 5th. They set an “equal weight” rating and a $65.00 price target for the company. Bank of America boosted their price target on W. R. Berkley from $73.00 to $76.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. UBS Group increased their price objective on shares of W. R. Berkley from $67.00 to $69.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. Finally, Jefferies Financial Group boosted their price target on shares of W. R. Berkley from $53.00 to $57.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, W. R. Berkley has a consensus rating of “Hold” and a consensus price target of $64.36.
Check Out Our Latest Analysis on W. R. Berkley
W. R. Berkley Price Performance
W. R. Berkley (NYSE:WRB – Get Free Report) last issued its quarterly earnings data on Monday, January 27th. The insurance provider reported $1.13 EPS for the quarter, topping analysts’ consensus estimates of $0.95 by $0.18. W. R. Berkley had a return on equity of 20.41% and a net margin of 11.96%. Research analysts expect that W. R. Berkley will post 3.95 EPS for the current year.
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in WRB. Marshall Wace LLP acquired a new position in shares of W. R. Berkley during the 2nd quarter worth approximately $2,330,000. MBB Public Markets I LLC bought a new stake in shares of W. R. Berkley in the second quarter worth $1,157,000. Creative Planning raised its holdings in W. R. Berkley by 3.3% during the 2nd quarter. Creative Planning now owns 46,434 shares of the insurance provider’s stock worth $3,649,000 after purchasing an additional 1,471 shares during the last quarter. Quarry LP acquired a new position in shares of W. R. Berkley in the 2nd quarter valued at about $42,000. Finally, Truist Financial Corp increased its stake in W. R. Berkley by 3.4% in the second quarter. Truist Financial Corp now owns 811,844 shares of the insurance provider’s stock valued at $63,795,000 after purchasing an additional 26,738 shares in the last quarter. 68.82% of the stock is owned by institutional investors and hedge funds.
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.
Featured Stories
- Five stocks we like better than W. R. Berkley
- What is the NASDAQ Stock Exchange?
- How to Short Sell Stocks Like a Pro: Strategies and Tips
- Dividend Screener: How to Evaluate Dividend Stocks Before Buying
- 3 Steel Stocks Soaring After Tariff Announcements
- What Does a Stock Split Mean?
- Top Analysts’ Picks for 2025: 3 of Morgan Stanley’s Favorites
Receive News & Ratings for W. R. Berkley Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for W. R. Berkley and related companies with MarketBeat.com's FREE daily email newsletter.