W. R. Berkley (WRB) Expected to Announce Quarterly Earnings on Monday

W. R. Berkley (NYSE:WRB) is expected to post its quarterly earnings results after the market closes on Monday, January 27th. Analysts expect W. R. Berkley to post earnings of $0.95 per share and revenue of $2,975,728.50 billion for the quarter. Investors interested in registering for the company’s conference call can do so using this link.

W. R. Berkley Stock Performance

Shares of NYSE:WRB opened at $57.51 on Friday. The firm’s 50 day simple moving average is $60.10 and its 200 day simple moving average is $58.53. W. R. Berkley has a fifty-two week low of $50.73 and a fifty-two week high of $65.49. The company has a market capitalization of $21.91 billion, a price-to-earnings ratio of 14.73, a P/E/G ratio of 1.04 and a beta of 0.67. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.36 and a quick ratio of 0.36.

W. R. Berkley Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Monday, December 16th were paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.56%. The ex-dividend date of this dividend was Monday, December 16th. W. R. Berkley’s payout ratio is presently 8.21%.

Analyst Upgrades and Downgrades

Several brokerages recently commented on WRB. Barclays reduced their target price on shares of W. R. Berkley from $56.00 to $50.00 and set an “underweight” rating for the company in a report on Monday, January 6th. Evercore ISI increased their price objective on shares of W. R. Berkley from $57.00 to $60.00 and gave the company an “in-line” rating in a research note on Tuesday, October 22nd. Truist Financial lifted their price target on shares of W. R. Berkley from $64.00 to $68.00 and gave the stock a “buy” rating in a report on Thursday, October 17th. UBS Group increased their price objective on shares of W. R. Berkley from $67.00 to $69.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. Finally, Wells Fargo & Company reduced their price target on shares of W. R. Berkley from $68.00 to $67.00 and set an “overweight” rating for the company in a research report on Tuesday, January 14th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $63.74.

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.