Q3 2024 EPS Estimates for W. R. Berkley Co. (NYSE:WRB) Raised by Analyst

W. R. Berkley Co. (NYSE:WRB) – Equities research analysts at Zacks Research raised their Q3 2024 EPS estimates for W. R. Berkley in a report issued on Thursday, September 26th. Zacks Research analyst T. De now expects that the insurance provider will earn $0.95 per share for the quarter, up from their prior forecast of $0.94. The consensus estimate for W. R. Berkley’s current full-year earnings is $4.03 per share. Zacks Research also issued estimates for W. R. Berkley’s Q4 2024 earnings at $0.97 EPS, FY2024 earnings at $4.00 EPS, Q1 2025 earnings at $1.05 EPS, Q3 2025 earnings at $1.12 EPS, Q4 2025 earnings at $1.15 EPS, FY2025 earnings at $4.37 EPS, Q1 2026 earnings at $1.16 EPS and FY2026 earnings at $4.73 EPS.

Other analysts have also issued research reports about the stock. Barclays started coverage on shares of W. R. Berkley in a research note on Wednesday, September 4th. They issued an “underweight” rating and a $56.00 price objective on the stock. Royal Bank of Canada reiterated a “sector perform” rating and issued a $57.00 price objective on shares of W. R. Berkley in a research note on Tuesday, July 23rd. The Goldman Sachs Group lowered shares of W. R. Berkley from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $88.00 to $83.00 in a research note on Thursday, June 13th. Truist Financial increased their price objective on shares of W. R. Berkley from $62.00 to $64.00 and gave the stock a “buy” rating in a research note on Tuesday, July 23rd. Finally, StockNews.com upgraded shares of W. R. Berkley from a “hold” rating to a “buy” rating in a research note on Wednesday, September 25th. One analyst has rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $77.70.

W. R. Berkley Trading Down 0.4 %

Shares of W. R. Berkley stock opened at $56.51 on Monday. The firm has a market capitalization of $21.67 billion, a price-to-earnings ratio of 15.03, a PEG ratio of 1.05 and a beta of 0.62. W. R. Berkley has a 12-month low of $41.37 and a 12-month high of $61.28. The firm’s 50 day simple moving average is $56.99 and its two-hundred day simple moving average is $72.11. The company has a current ratio of 0.38, a quick ratio of 0.38 and a debt-to-equity ratio of 0.36.

W. R. Berkley (NYSE:WRB) last issued its quarterly earnings results on Monday, July 22nd. The insurance provider reported $1.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.92 by $0.12. W. R. Berkley had a net margin of 12.05% and a return on equity of 21.34%. The business had revenue of $3.31 billion for the quarter, compared to analyst estimates of $2.84 billion. During the same quarter in the prior year, the business posted $1.14 EPS. W. R. Berkley’s revenue for the quarter was up 10.6% compared to the same quarter last year.

W. R. Berkley Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Monday, September 23rd will be given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 0.57%. The ex-dividend date of this dividend is Monday, September 23rd. W. R. Berkley’s payout ratio is currently 8.51%.

Institutional Investors Weigh In On W. R. Berkley

A number of institutional investors have recently made changes to their positions in the stock. Wedmont Private Capital increased its position in shares of W. R. Berkley by 3.0% during the first quarter. Wedmont Private Capital now owns 4,768 shares of the insurance provider’s stock valued at $399,000 after acquiring an additional 137 shares during the last quarter. West Paces Advisors Inc. lifted its position in shares of W. R. Berkley by 12.7% during the 1st quarter. West Paces Advisors Inc. now owns 1,228 shares of the insurance provider’s stock worth $109,000 after buying an additional 138 shares during the last quarter. Mitchell & Pahl Private Wealth LLC lifted its position in shares of W. R. Berkley by 1.0% during the 1st quarter. Mitchell & Pahl Private Wealth LLC now owns 14,221 shares of the insurance provider’s stock worth $1,258,000 after buying an additional 145 shares during the last quarter. Hutchens & Kramer Investment Management Group LLC lifted its position in shares of W. R. Berkley by 5.8% during the 1st quarter. Hutchens & Kramer Investment Management Group LLC now owns 3,166 shares of the insurance provider’s stock worth $277,000 after buying an additional 174 shares during the last quarter. Finally, MJP Associates Inc. ADV lifted its position in shares of W. R. Berkley by 4.0% during the 2nd quarter. MJP Associates Inc. ADV now owns 4,915 shares of the insurance provider’s stock worth $386,000 after buying an additional 188 shares during the last quarter. 68.82% of the stock is currently owned by institutional investors and hedge funds.

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.