W. R. Berkley Co. (NYSE:WRB – Free Report) – Analysts at Zacks Research increased their Q1 2024 earnings per share (EPS) estimates for W. R. Berkley in a research note issued on Monday, April 15th. Zacks Research analyst T. De now forecasts that the insurance provider will earn $1.47 per share for the quarter, up from their previous forecast of $1.46. The consensus estimate for W. R. Berkley’s current full-year earnings is $5.98 per share. Zacks Research also issued estimates for W. R. Berkley’s Q2 2024 earnings at $1.45 EPS, Q3 2024 earnings at $1.43 EPS, Q4 2024 earnings at $1.56 EPS, FY2024 earnings at $5.92 EPS, Q1 2025 earnings at $1.74 EPS, Q2 2025 earnings at $1.83 EPS, Q3 2025 earnings at $1.57 EPS, Q4 2025 earnings at $1.54 EPS and FY2025 earnings at $6.68 EPS.
W. R. Berkley (NYSE:WRB – Get Free Report) last announced its quarterly earnings data on Wednesday, January 24th. The insurance provider reported $1.45 earnings per share for the quarter, beating the consensus estimate of $1.35 by $0.10. W. R. Berkley had a return on equity of 19.03% and a net margin of 11.38%. The business had revenue of $3.22 billion during the quarter, compared to analyst estimates of $2.70 billion. During the same period in the prior year, the company earned $1.16 earnings per share. W. R. Berkley’s revenue was up 6.9% compared to the same quarter last year.
W. R. Berkley Stock Performance
NYSE WRB traded down $1.41 on Wednesday, hitting $80.71. 1,560,416 shares of the stock traded hands, compared to its average volume of 1,182,281. The business’s fifty day moving average is $84.46 and its two-hundred day moving average is $75.57. W. R. Berkley has a 12 month low of $55.50 and a 12 month high of $89.18. The firm has a market capitalization of $20.71 billion, a price-to-earnings ratio of 16.23, a PEG ratio of 1.52 and a beta of 0.57. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.37 and a current ratio of 0.37.
Institutional Investors Weigh In On W. R. Berkley
A number of institutional investors and hedge funds have recently made changes to their positions in WRB. Bruce G. Allen Investments LLC bought a new position in shares of W. R. Berkley during the fourth quarter valued at about $25,000. Glassman Wealth Services lifted its holdings in W. R. Berkley by 123.1% in the fourth quarter. Glassman Wealth Services now owns 357 shares of the insurance provider’s stock worth $25,000 after buying an additional 197 shares during the period. Clear Street Markets LLC lifted its holdings in W. R. Berkley by 92.3% in the first quarter. Clear Street Markets LLC now owns 398 shares of the insurance provider’s stock worth $25,000 after buying an additional 191 shares during the period. Parkside Financial Bank & Trust lifted its holdings in W. R. Berkley by 106.1% in the third quarter. Parkside Financial Bank & Trust now owns 406 shares of the insurance provider’s stock worth $26,000 after buying an additional 209 shares during the period. Finally, Raleigh Capital Management Inc. lifted its holdings in W. R. Berkley by 132.6% in the third quarter. Raleigh Capital Management Inc. now owns 414 shares of the insurance provider’s stock worth $26,000 after buying an additional 236 shares during the period. Hedge funds and other institutional investors own 68.82% of the company’s stock.
W. R. Berkley Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 13th. Investors of record on Monday, March 4th were given a $0.11 dividend. The ex-dividend date was Friday, March 1st. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.55%. W. R. Berkley’s dividend payout ratio (DPR) is presently 8.70%.
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.
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