W. R. Berkley (NYSE:WRB) Price Target Raised to $80.00 at Truist Financial

W. R. Berkley (NYSE:WRB) had its price target hoisted by stock analysts at Truist Financial from $68.00 to $80.00 in a report released on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the insurance provider’s stock. Truist Financial’s price target would indicate a potential upside of 22.08% from the stock’s current price.

A number of other equities research analysts also recently weighed in on WRB. Barclays boosted their price target on shares of W. R. Berkley from $50.00 to $52.00 and gave the stock an “underweight” rating in a research note on Tuesday, January 28th. Royal Bank of Canada reiterated a “sector perform” rating and set a $63.00 target price on shares of W. R. Berkley in a research report on Tuesday, January 28th. Bank of America restated a “neutral” rating and issued a $74.00 price target (up from $73.00) on shares of W. R. Berkley in a research report on Tuesday. Keefe, Bruyette & Woods upped their price objective on W. R. Berkley from $60.00 to $61.00 and gave the company a “market perform” rating in a report on Tuesday, January 28th. Finally, StockNews.com cut W. R. Berkley from a “buy” rating to a “hold” rating in a report on Thursday. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, W. R. Berkley currently has a consensus rating of “Hold” and a consensus price target of $65.13.

W. R. Berkley Stock Down 6.8 %

Shares of WRB opened at $65.53 on Thursday. The business’s fifty day moving average price is $62.79 and its two-hundred day moving average price is $60.54. The firm has a market capitalization of $24.85 billion, a price-to-earnings ratio of 15.02, a PEG ratio of 1.56 and a beta of 0.40. W. R. Berkley has a 52 week low of $50.73 and a 52 week high of $76.38. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.36 and a current ratio of 0.36.

W. R. Berkley (NYSE:WRB) last posted its quarterly earnings results on Monday, January 27th. The insurance provider reported $1.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.95 by $0.18. W. R. Berkley had a return on equity of 20.83% and a net margin of 12.88%. On average, analysts predict that W. R. Berkley will post 4.33 earnings per share for the current year.

Institutional Investors Weigh In On W. R. Berkley

Several large investors have recently made changes to their positions in the stock. Optiver Holding B.V. boosted its stake in W. R. Berkley by 107.3% in the 4th quarter. Optiver Holding B.V. now owns 427 shares of the insurance provider’s stock worth $25,000 after purchasing an additional 221 shares during the period. Whipplewood Advisors LLC acquired a new position in shares of W. R. Berkley during the fourth quarter worth about $35,000. Mpwm Advisory Solutions LLC bought a new position in shares of W. R. Berkley during the fourth quarter worth about $37,000. Catalyst Capital Advisors LLC acquired a new stake in W. R. Berkley in the 4th quarter valued at approximately $42,000. Finally, Colonial Trust Co SC lifted its stake in W. R. Berkley by 79.9% in the 4th quarter. Colonial Trust Co SC now owns 822 shares of the insurance provider’s stock valued at $48,000 after acquiring an additional 365 shares in the last quarter. Institutional investors own 68.82% of the company’s stock.

About W. R. Berkley

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.