Wall Street analysts forecast that W. R. Berkley Corp (NYSE:WRB) will post earnings of $0.92 per share for the current quarter, Zacks reports. Two analysts have provided estimates for W. R. Berkley’s earnings. The highest EPS estimate is $1.01 and the lowest is $0.86. W. R. Berkley reported earnings of $0.70 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 31.4%. The company is scheduled to issue its next earnings results on Monday, April 23rd.
On average, analysts expect that W. R. Berkley will report full-year earnings of $3.59 per share for the current fiscal year, with EPS estimates ranging from $3.40 to $3.80. For the next financial year, analysts forecast that the business will report earnings of $3.84 per share, with EPS estimates ranging from $3.75 to $3.95. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that follow W. R. Berkley.
Several equities research analysts have issued reports on the stock. Royal Bank of Canada reiterated a “hold” rating on shares of W. R. Berkley in a research note on Wednesday, January 31st. Boenning Scattergood reiterated a “hold” rating on shares of W. R. Berkley in a research note on Wednesday, January 31st. Zacks Investment Research upgraded shares of W. R. Berkley from a “hold” rating to a “buy” rating and set a $79.00 price target on the stock in a research note on Wednesday, December 27th. UBS Group lifted their price target on shares of W. R. Berkley from $63.00 to $66.00 and gave the company a “sell” rating in a research note on Wednesday, October 25th. Finally, Bank of America lifted their price target on shares of W. R. Berkley from $73.00 to $74.00 and gave the company a “neutral” rating in a research note on Wednesday, October 25th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the stock. W. R. Berkley currently has an average rating of “Hold” and an average price target of $70.38.
Several institutional investors have recently added to or reduced their stakes in WRB. Massey Quick Simon & CO. LLC acquired a new position in shares of W. R. Berkley during the 3rd quarter worth about $175,000. ING Groep NV acquired a new position in shares of W. R. Berkley during the 4th quarter worth about $202,000. Cobblestone Capital Advisors LLC NY acquired a new position in shares of W. R. Berkley during the 4th quarter worth about $204,000. Vident Investment Advisory LLC acquired a new position in shares of W. R. Berkley during the 4th quarter worth about $205,000. Finally, Alps Advisors Inc. acquired a new position in shares of W. R. Berkley during the 4th quarter worth about $207,000. Institutional investors own 70.81% of the company’s stock.
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W. R. Berkley Company Profile
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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