Q3 EPS Estimates for W.R. Berkley Reduced by Zacks Research

W.R. Berkley Corporation (NYSE:WRB) – Investment analysts at Zacks Research reduced their Q3 2027 EPS estimates for shares of W.R. Berkley in a research report issued to clients and investors on Monday, June 8th. Zacks Research analyst Team now anticipates that the insurance provider will post earnings of $1.08 per share for the quarter, down from their prior forecast of $1.09. The consensus estimate for W.R. Berkley’s current full-year earnings is $4.67 per share. Zacks Research also issued estimates for W.R. Berkley’s FY2027 earnings at $4.72 EPS, Q1 2028 earnings at $1.55 EPS and FY2028 earnings at $5.08 EPS.

W.R. Berkley (NYSE:WRB) last issued its quarterly earnings data on Tuesday, April 21st. The insurance provider reported $1.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.13 by $0.17. The firm had revenue of $3.69 billion for the quarter, compared to the consensus estimate of $3.18 billion. W.R. Berkley had a net margin of 12.64% and a return on equity of 18.92%. The company’s quarterly revenue was up 1.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.01 EPS.

Several other analysts also recently commented on the stock. Barclays boosted their target price on shares of W.R. Berkley from $62.00 to $64.00 and gave the company an “underweight” rating in a research note on Wednesday, April 22nd. Brean Capital cut shares of W.R. Berkley from a “buy” rating to a “neutral” rating and set a $73.00 target price for the company. in a research note on Wednesday, March 25th. Cantor Fitzgerald cut shares of W.R. Berkley from an “overweight” rating to a “neutral” rating and decreased their target price for the company from $75.00 to $71.00 in a research note on Thursday, April 9th. UBS Group set a $68.00 target price on shares of W.R. Berkley and gave the company a “neutral” rating in a research note on Monday, April 27th. Finally, Keefe, Bruyette & Woods decreased their target price on shares of W.R. Berkley from $74.00 to $66.00 and set a “market perform” rating for the company in a research note on Wednesday, April 1st. Three investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat, W.R. Berkley has an average rating of “Reduce” and an average target price of $68.44.

W.R. Berkley Stock Down 2.6%

NYSE:WRB opened at $66.76 on Tuesday. The company’s 50 day moving average is $66.44 and its two-hundred day moving average is $68.73. The company has a market cap of $24.85 billion, a PE ratio of 14.14, a P/E/G ratio of 3.24 and a beta of 0.30. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 0.29. W.R. Berkley has a twelve month low of $62.87 and a twelve month high of $78.96.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Entrust Financial LLC purchased a new stake in shares of W.R. Berkley in the fourth quarter valued at about $25,000. Hazlett Burt & Watson Inc. grew its holdings in shares of W.R. Berkley by 140.0% in the fourth quarter. Hazlett Burt & Watson Inc. now owns 360 shares of the insurance provider’s stock valued at $26,000 after purchasing an additional 210 shares during the period. DV Equities LLC purchased a new stake in shares of W.R. Berkley in the fourth quarter valued at about $29,000. Triumph Capital Management purchased a new stake in shares of W.R. Berkley in the third quarter valued at about $35,000. Finally, Quarry LP purchased a new stake in shares of W.R. Berkley in the fourth quarter valued at about $39,000. Hedge funds and other institutional investors own 68.82% of the company’s stock.

W.R. Berkley Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 2nd. Stockholders of record on Tuesday, June 23rd will be paid a $0.10 dividend. This is an increase from W.R. Berkley’s previous quarterly dividend of $0.09. This represents a $0.40 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend is Tuesday, June 23rd. W.R. Berkley’s payout ratio is 7.63%.

About W.R. Berkley

W. R. Berkley Corporation (NYSE: WRB) is a publicly traded insurance holding company that underwrites and sells commercial property and casualty insurance, specialty insurance products, and reinsurance. Headquartered in Greenwich, Connecticut, the company operates a portfolio of underwriting businesses that focus on niche and specialty commercial risks, offering coverage tailored to industries such as transportation, construction, professional services and other commercial lines.

The company’s product mix includes primary and excess casualty, property, professional liability, environmental and other specialty lines, together with treaty and facultative reinsurance solutions.