Brokers Offer Predictions for W. R. Berkley Corp’s FY2018 Earnings (WRB)

W. R. Berkley Corp (NYSE:WRB) – Langen Mcalenn boosted their FY2018 earnings per share (EPS) estimates for W. R. Berkley in a report released on Tuesday. Langen Mcalenn analyst L. Greenberg now anticipates that the insurance provider will earn $3.79 per share for the year, up from their previous forecast of $3.15.

Other research analysts also recently issued research reports about the stock. UBS Group lifted their price target on shares of W. R. Berkley from $63.00 to $66.00 and gave the stock a “sell” rating in a research note on Wednesday, October 25th. Zacks Investment Research downgraded shares of W. R. Berkley from a “hold” rating to a “sell” rating in a research report on Thursday, October 12th. Deutsche Bank boosted their price objective on shares of W. R. Berkley from $65.00 to $66.00 and gave the stock a “hold” rating in a research report on Wednesday, October 25th. Bank of America boosted their price objective on shares of W. R. Berkley from $73.00 to $74.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 25th. Finally, Boenning Scattergood restated a “hold” rating on shares of W. R. Berkley in a research report on Wednesday, October 25th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has issued a buy rating to the company. W. R. Berkley currently has a consensus rating of “Hold” and a consensus price target of $70.38.

W. R. Berkley (NYSE:WRB) opened at $70.73 on Friday. W. R. Berkley has a 12 month low of $62.00 and a 12 month high of $73.17. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.45. The stock has a market cap of $8,528.07, a P/E ratio of 27.68, a P/E/G ratio of 2.08 and a beta of 0.91.

W. R. Berkley (NYSE:WRB) last issued its quarterly earnings results on Tuesday, October 24th. The insurance provider reported $0.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.32 by $0.04. W. R. Berkley had a net margin of 7.09% and a return on equity of 6.14%.

Institutional investors have recently made changes to their positions in the company. Tower Research Capital LLC TRC increased its holdings in shares of W. R. Berkley by 683.0% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,566 shares of the insurance provider’s stock valued at $108,000 after acquiring an additional 1,366 shares during the period. Massey Quick Simon & CO. LLC acquired a new position in shares of W. R. Berkley in the 3rd quarter valued at $175,000. Advisor Group Inc. increased its holdings in shares of W. R. Berkley by 50.7% in the 2nd quarter. Advisor Group Inc. now owns 3,370 shares of the insurance provider’s stock valued at $233,000 after acquiring an additional 1,134 shares during the period. Ladenburg Thalmann Financial Services Inc. increased its holdings in shares of W. R. Berkley by 48.0% in the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,597 shares of the insurance provider’s stock valued at $241,000 after acquiring an additional 1,167 shares during the period. Finally, Cadence Capital Management LLC acquired a new position in shares of W. R. Berkley in the 3rd quarter valued at $256,000. 71.03% of the stock is currently owned by institutional investors and hedge funds.

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About W. R. Berkley

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.

Earnings History and Estimates for W. R. Berkley (NYSE:WRB)

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