A number of firms have modified their ratings and price targets on shares of W.R. Berkley Corporation (NYSE: WRB) recently:

  • 10/25/2017 – W.R. Berkley Corporation had its price target raised by analysts at UBS AG from $63.00 to $66.00. They now have a “sell” rating on the stock.
  • 10/25/2017 – W.R. Berkley Corporation had its “hold” rating reaffirmed by analysts at Boenning Scattergood.
  • 10/25/2017 – W.R. Berkley Corporation had its price target raised by analysts at Bank of America Corporation from $73.00 to $74.00. They now have a “neutral” rating on the stock.
  • 10/25/2017 – W.R. Berkley Corporation had its price target raised by analysts at Deutsche Bank AG from $65.00 to $66.00. They now have a “hold” rating on the stock.
  • 10/12/2017 – W.R. Berkley Corporation was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Shares of W.R. Berkley underperformed the industry year to date. The company also witnessed its 2017 and 2018 estimates moving south over the last 60 days. Exposures to highly competitive insurance market along with low interest rate scenario and cat losses are dampeners. The company estimated third-quarter catastrophe losses of about $110 million. W.R. Berkley has been investing in a number of startups since 2006 as well as establishing new units, which enables it to take advantage of an improved market scenario. Formation of operating units in North and Southeast Asia is in tandem with the strategy while divestment of wholly owned investment is expected to enhance long term shareholder’s value. Its international business has potential for long-term earnings growth. Reserving discipline and strong capital position are other positives.”
  • 9/26/2017 – W.R. Berkley Corporation was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “W.R. Berkley has been investing in a number of startups since 2006 as well as establishing new units, which enables it to take advantage of an improved market scenario. Formation of operating units in North and Southeast Asia is in tandem with the strategy while divestment of wholly owned investment is expected to enhance long term shareholder’s value. Its international business has potential for long-term earnings growth. Reserving discipline and strong capital position are other positives. However, exposures to highly competitive insurance market along with low interest rate scenario and cat losses are dampeners. Shares of W.R. Berkley underperformed the industry year to date. The company also witnessed its 2017 and 2018 estimates moving south over the last 60 days.”
  • 9/11/2017 – W.R. Berkley Corporation is now covered by analysts at Buckingham Research. They set a “neutral” rating and a $67.00 price target on the stock.
  • 9/3/2017 – W.R. Berkley Corporation had its “neutral” rating reaffirmed by analysts at Keefe, Bruyette & Woods.

Shares of W.R. Berkley Corporation (NYSE WRB) traded down 0.23% during midday trading on Wednesday, reaching $68.42. 106,707 shares of the company’s stock were exchanged. W.R. Berkley Corporation has a one year low of $55.92 and a one year high of $73.17. The stock has a market cap of $8.30 billion, a price-to-earnings ratio of 14.53 and a beta of 0.88. The firm has a 50 day moving average of $67.43 and a 200-day moving average of $67.96.

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 4th. Investors of record on Wednesday, September 20th were issued a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 0.82%. The ex-dividend date of this dividend was Tuesday, September 19th. W.R. Berkley Corporation’s dividend payout ratio is currently 13.11%.

W. R. Berkley Corporation is an insurance holding company. It operates through two segments: Insurance and Reinsurance-Global. The Insurance segment consists of its commercial insurance business operations, comprising excess and surplus lines, and admitted lines, throughout the United States, as well as its insurance business operations in the United Kingdom, Continental Europe, South America, Canada, Mexico, Scandinavia, Asia and Australia.

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