W. R. Berkley (WRB) Set to Announce Earnings on Tuesday

W. R. Berkley (NYSE:WRB) will post its quarterly earnings results before the market opens on Tuesday, April 23rd. Analysts expect W. R. Berkley to post earnings of $1.49 per share for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

W. R. Berkley (NYSE:WRB) last posted its earnings results on Wednesday, January 24th. The insurance provider reported $1.45 earnings per share for the quarter, topping analysts’ consensus estimates of $1.35 by $0.10. The company had revenue of $3.22 billion during the quarter, compared to analyst estimates of $2.70 billion. W. R. Berkley had a return on equity of 19.03% and a net margin of 11.38%. W. R. Berkley’s revenue was up 6.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.16 earnings per share. On average, analysts expect W. R. Berkley to post $6 EPS for the current fiscal year and $7 EPS for the next fiscal year.

W. R. Berkley Stock Performance

Shares of WRB stock opened at $82.00 on Tuesday. The business’s fifty day simple moving average is $84.43 and its 200-day simple moving average is $75.44. The company has a market cap of $21.04 billion, a PE ratio of 16.21, a PEG ratio of 1.53 and a beta of 0.57. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.38. W. R. Berkley has a 12-month low of $55.50 and a 12-month high of $89.18.

W. R. Berkley Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 13th. Stockholders of record on Monday, March 4th were given a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.54%. The ex-dividend date was Friday, March 1st. W. R. Berkley’s payout ratio is presently 8.70%.

Hedge Funds Weigh In On W. R. Berkley

A number of hedge funds have recently made changes to their positions in WRB. Clear Street Markets LLC boosted its position in shares of W. R. Berkley by 92.3% during the first quarter. Clear Street Markets LLC now owns 398 shares of the insurance provider’s stock worth $25,000 after buying an additional 191 shares during the period. Resurgent Financial Advisors LLC acquired a new stake in shares of W. R. Berkley in the fourth quarter valued at $32,000. First Manhattan Co. raised its stake in W. R. Berkley by 50.0% in the first quarter. First Manhattan Co. now owns 486 shares of the insurance provider’s stock valued at $32,000 after buying an additional 162 shares in the last quarter. Atlas Capital Advisors LLC acquired a new stake in W. R. Berkley in the second quarter valued at $49,000. Finally, West Tower Group LLC acquired a new stake in W. R. Berkley in the fourth quarter valued at $82,000. Hedge funds and other institutional investors own 68.82% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Keefe, Bruyette & Woods upped their target price on W. R. Berkley from $85.00 to $88.00 and gave the company a “market perform” rating in a research report on Wednesday, April 10th. Truist Financial upped their price target on shares of W. R. Berkley from $83.00 to $95.00 and gave the company a “buy” rating in a report on Thursday, January 25th. The Goldman Sachs Group upped their price target on shares of W. R. Berkley from $86.00 to $95.00 and gave the company a “buy” rating in a report on Friday. Evercore ISI upped their price target on shares of W. R. Berkley from $83.00 to $89.00 and gave the company an “in-line” rating in a report on Thursday, April 11th. Finally, StockNews.com lowered shares of W. R. Berkley from a “buy” rating to a “hold” rating in a research note on Thursday, April 11th. Five research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, W. R. Berkley has an average rating of “Moderate Buy” and a consensus target price of $89.22.

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.