W. R. Berkley Co. to Post FY2021 Earnings of $4.60 Per Share, Boenning Scattergood Forecasts (NYSE:WRB)

W. R. Berkley Co. (NYSE:WRB) – Stock analysts at Boenning Scattergood issued their FY2021 EPS estimates for W. R. Berkley in a research note issued to investors on Monday, November 22nd. Boenning Scattergood analyst R. Farnam anticipates that the insurance provider will post earnings of $4.60 per share for the year. Boenning Scattergood has a “Outperform” rating and a $87.00 price target on the stock. Boenning Scattergood also issued estimates for W. R. Berkley’s Q4 2021 earnings at $1.03 EPS, Q1 2022 earnings at $1.18 EPS, Q2 2022 earnings at $1.21 EPS, Q3 2022 earnings at $1.26 EPS, Q4 2022 earnings at $1.15 EPS and FY2022 earnings at $4.80 EPS.

W. R. Berkley (NYSE:WRB) last announced its quarterly earnings data on Wednesday, October 20th. The insurance provider reported $1.32 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.94 by $0.38. W. R. Berkley had a return on equity of 12.93% and a net margin of 11.32%. The business had revenue of $2.40 billion for the quarter. During the same quarter in the previous year, the firm earned $0.65 earnings per share.

Several other equities analysts also recently commented on WRB. Bank of America upgraded W. R. Berkley from an “underperform” rating to a “neutral” rating and boosted their price objective for the company from $80.00 to $86.00 in a research report on Thursday, August 19th. They noted that the move was a valuation call. The Goldman Sachs Group began coverage on W. R. Berkley in a report on Monday. They issued a “buy” rating and a $99.00 target price on the stock. Zacks Investment Research raised W. R. Berkley from a “strong sell” rating to a “hold” rating and set a $70.00 target price on the stock in a report on Monday, October 25th. Wolfe Research began coverage on W. R. Berkley in a report on Monday, August 16th. They issued a “market perform” rating and a $76.00 target price on the stock. Finally, Jefferies Financial Group began coverage on W. R. Berkley in a report on Thursday, November 18th. They issued a “hold” rating and a $82.00 target price on the stock. Six equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Buy” and an average price target of $83.75.

Shares of W. R. Berkley stock opened at $83.50 on Wednesday. The stock’s 50-day simple moving average is $78.28 and its 200-day simple moving average is $76.38. W. R. Berkley has a 52 week low of $61.49 and a 52 week high of $84.93. The company has a market capitalization of $14.75 billion, a price-to-earnings ratio of 14.99, a PEG ratio of 1.87 and a beta of 0.85. The company has a quick ratio of 0.49, a current ratio of 0.49 and a debt-to-equity ratio of 0.49.

The firm also recently announced a special dividend, which will be paid on Wednesday, December 22nd. Stockholders of record on Tuesday, December 7th will be paid a dividend of $1.00 per share. This is a boost from W. R. Berkley’s previous special dividend of $0.33. The ex-dividend date of this dividend is Monday, December 6th. This represents a dividend yield of 0.6%. W. R. Berkley’s dividend payout ratio is currently 9.34%.

Several institutional investors and hedge funds have recently added to or reduced their stakes in WRB. MAI Capital Management boosted its holdings in shares of W. R. Berkley by 3.9% in the second quarter. MAI Capital Management now owns 3,801 shares of the insurance provider’s stock valued at $283,000 after purchasing an additional 141 shares during the period. Meeder Asset Management Inc. boosted its holdings in shares of W. R. Berkley by 2.1% in the second quarter. Meeder Asset Management Inc. now owns 7,105 shares of the insurance provider’s stock valued at $529,000 after purchasing an additional 146 shares during the period. Strs Ohio boosted its holdings in shares of W. R. Berkley by 0.7% in the third quarter. Strs Ohio now owns 22,692 shares of the insurance provider’s stock valued at $1,660,000 after purchasing an additional 152 shares during the period. Nomura Asset Management Co. Ltd. boosted its holdings in shares of W. R. Berkley by 0.5% in the second quarter. Nomura Asset Management Co. Ltd. now owns 33,610 shares of the insurance provider’s stock valued at $2,502,000 after purchasing an additional 155 shares during the period. Finally, Creative Planning boosted its holdings in shares of W. R. Berkley by 1.2% in the second quarter. Creative Planning now owns 13,912 shares of the insurance provider’s stock valued at $1,035,000 after purchasing an additional 167 shares during the period. 68.68% of the stock is currently owned by hedge funds and other institutional investors.

W. R. Berkley Company Profile

W.R. Berkley Corp. is an insurance holding company, which engages in the property casualty insurance business. It operates through the following segments: Insurance and Reinsurance & Monoline Excess. The Insurance segment includes excess and surplus lines, admitted lines, and specialty personal lines throughout the United States, as well as insurance business in the United Kingdom, Continental Europe, South America, Canada, Mexico, Scandinavia, Asia and Australia.

Further Reading: Trading Halts Explained

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

Receive News & Ratings for W. R. Berkley Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for W. R. Berkley and related companies with MarketBeat.com's FREE daily email newsletter.