W. R. Berkley (NYSE:WRB – Get Free Report) announced its earnings results on Monday. The insurance provider reported $0.93 earnings per share for the quarter, topping analysts’ consensus estimates of $0.92 by $0.01, Briefing.com reports. The business had revenue of $2.93 billion during the quarter, compared to the consensus estimate of $2.93 billion. W. R. Berkley had a net margin of 12.05% and a return on equity of 21.34%. W. R. Berkley’s quarterly revenue was up 10.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.90 earnings per share.
W. R. Berkley Price Performance
WRB stock opened at $58.53 on Wednesday. The firm has a 50 day moving average of $58.28 and a 200-day moving average of $55.55. The company has a current ratio of 0.38, a quick ratio of 0.38 and a debt-to-equity ratio of 0.36. W. R. Berkley has a 12 month low of $41.82 and a 12 month high of $61.96. The firm has a market capitalization of $22.45 billion, a P/E ratio of 15.57, a price-to-earnings-growth ratio of 1.07 and a beta of 0.62.
W. R. Berkley Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 23rd were paid a $0.08 dividend. The ex-dividend date of this dividend was Monday, September 23rd. This represents a $0.32 annualized dividend and a yield of 0.55%. W. R. Berkley’s dividend payout ratio is currently 8.51%.
Wall Street Analyst Weigh In
Check Out Our Latest Stock Analysis on WRB
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.
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