W. R. Berkley (NYSE:WRB) Price Target Cut to $87.00

W. R. Berkley (NYSE:WRB) had its target price decreased by equities researchers at BMO Capital Markets from $93.00 to $87.00 in a report released on Wednesday, Benzinga reports. The firm presently has a “market perform” rating on the insurance provider’s stock. BMO Capital Markets’ target price would suggest a potential upside of 11.67% from the company’s previous close.

Several other brokerages also recently issued reports on WRB. Keefe, Bruyette & Woods lifted their price objective on W. R. Berkley from $85.00 to $88.00 and gave the stock a “market perform” rating in a research report on Wednesday, April 10th. StockNews.com downgraded W. R. Berkley from a “buy” rating to a “hold” rating in a report on Thursday, April 11th. UBS Group boosted their price target on W. R. Berkley from $81.00 to $93.00 and gave the company a “buy” rating in a report on Tuesday, January 30th. Royal Bank of Canada boosted their price target on W. R. Berkley from $73.00 to $79.00 and gave the company a “sector perform” rating in a report on Thursday, January 25th. Finally, Truist Financial cut their price target on W. R. Berkley from $95.00 to $93.00 and set a “buy” rating for the company in a report on Wednesday. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $90.63.

W. R. Berkley Trading Up 0.1 %

Shares of W. R. Berkley stock opened at $77.91 on Wednesday. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.37 and a quick ratio of 0.37. W. R. Berkley has a 1 year low of $55.50 and a 1 year high of $89.18. The company has a market capitalization of $19.99 billion, a P/E ratio of 13.81, a P/E/G ratio of 1.48 and a beta of 0.57. The business has a 50 day moving average price of $84.38 and a 200 day moving average price of $76.22.

W. R. Berkley (NYSE:WRB) last issued its quarterly earnings data on Tuesday, April 23rd. The insurance provider reported $1.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.46 by $0.10. W. R. Berkley had a return on equity of 21.01% and a net margin of 12.23%. The firm had revenue of $2.76 billion during the quarter, compared to the consensus estimate of $2.77 billion. During the same period in the previous year, the firm posted $1.00 EPS. The company’s quarterly revenue was up 11.0% compared to the same quarter last year. Sell-side analysts anticipate that W. R. Berkley will post 5.93 EPS for the current fiscal year.

Institutional Trading of W. R. Berkley

Institutional investors have recently made changes to their positions in the stock. Bruce G. Allen Investments LLC purchased a new stake in shares of W. R. Berkley during the 4th quarter valued at $25,000. Glassman Wealth Services boosted its position in W. R. Berkley by 123.1% during the 4th quarter. Glassman Wealth Services now owns 357 shares of the insurance provider’s stock worth $25,000 after purchasing an additional 197 shares during the period. Parkside Financial Bank & Trust boosted its position in W. R. Berkley by 106.1% during the 3rd quarter. Parkside Financial Bank & Trust now owns 406 shares of the insurance provider’s stock worth $26,000 after purchasing an additional 209 shares during the period. Raleigh Capital Management Inc. boosted its position in W. R. Berkley by 132.6% during the 3rd quarter. Raleigh Capital Management Inc. now owns 414 shares of the insurance provider’s stock worth $26,000 after purchasing an additional 236 shares during the period. Finally, VisionPoint Advisory Group LLC purchased a new stake in W. R. Berkley during the 3rd quarter worth $27,000. 68.82% of the stock is owned by hedge funds and other 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.