W. R. Berkley (WRB) to Release Earnings on Monday

W. R. Berkley (NYSE:WRB) is anticipated 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. Parties interested in registering for the company’s conference call can do so using this link.

W. R. Berkley Price Performance

Shares of W. R. Berkley stock opened at $57.51 on Friday. The firm has a market cap of $21.91 billion, a PE ratio of 14.73, a PEG ratio of 1.04 and a beta of 0.67. The stock has a 50 day moving average of $60.10 and a 200 day moving average of $58.53. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 0.34. W. R. Berkley has a 12 month low of $50.73 and a 12 month high of $65.49.

W. R. Berkley Announces Dividend

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

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Royal Bank of Canada increased their target price on W. R. Berkley from $57.00 to $63.00 and gave the company a “sector perform” rating in a research report on Tuesday, October 22nd. Bank of America raised their price objective on W. R. Berkley from $73.00 to $76.00 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. UBS Group increased their price target on W. R. Berkley from $67.00 to $69.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. StockNews.com cut shares of W. R. Berkley from a “buy” rating to a “hold” rating in a research note on Thursday, January 16th. Finally, Jefferies Financial Group boosted their price objective on W. R. Berkley from $53.00 to $57.00 and gave the company a “hold” rating in a research report on Wednesday, October 9th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, W. R. Berkley currently has a consensus rating of “Hold” and an average target price of $63.74.

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.