W.R. Berkley Corporation (WRB)
Why W.R. Berkley (WRB) is a Top Value Stock for the Long-Term
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W.R. Berkley (WRB) Q2 Earnings Top on Solid Underwriting
W.R. Berkley (WRB) Q2 results reflect continued strong underwriting and improved investment income.
W. R. Berkley Corporation (WRB) Q2 2024 Earnings Call Transcript
W. R. Berkley Corporation (NYSE:WRB ) Q2 2024 Earnings Conference Call July 22, 2024 5:00 PM ET Company Participants Rob Berkley - President & Chief Executive Officer Rich Baio - Executive Vice President & Chief Financial Officer Bill Berkley - Executive Chairman Conference Call Participants Elyse Greenspan - Wells Fargo Rob Cox - Goldman Sachs Josh Shanker - Bank of America Michael Zaremski - BMO Capital markets Mark Hughes - Truist Securities Ryan Tunis - Autonomous Research Andrew Kligerman - TD Cowen David Motemaden - Evercore ISI Brian Meredith - UBS Meyer Shields - KBW Operator Good day, and welcome to W. R. Berkley Corporation's Second Quarter 2024 Earnings Conference Call.
Compared to Estimates, W.R. Berkley (WRB) Q2 Earnings: A Look at Key Metrics
The headline numbers for W.R. Berkley (WRB) give insight into how the company performed in the quarter ended June 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
W.R. Berkley (WRB) Q2 Earnings and Revenues Top Estimates
W.R. Berkley (WRB) came out with quarterly earnings of $1.04 per share, beating the Zacks Consensus Estimate of $0.92 per share. This compares to earnings of $0.76 per share a year ago.
W.R. Berkley (WRB) to Report Q2 Earnings: What's in Store?
W.R. Berkley's (WRB) second-quarter results are likely to reflect higher premiums coupled with increased investment income, partially offset by higher expenses.
W.R. Berkley (WRB) Earnings Expected to Grow: What to Know Ahead of Next Week's Release
W.R. Berkley (WRB) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
W.R. Berkley (WRB) Gains 33% in a Year: What's Driving It?
W.R. Berkley (WRB) stock soars on the back of higher premiums, lower claims frequency in certain lines of business, effective capital deployment and sufficient liquidity.
W.R. Berkley (WRB) Boosts Shareholders' Value Via Several Moves
Improved pricing, expansion of international business, reserving discipline, a solid balance sheet and a prudent capital management policy should help W.R. Berkley (WRB) maintain its streak of dividend hikes and special dividends.
W.R. Berkley (WRB) Up 2.9% Since Last Earnings Report: Can It Continue?
W.R. Berkley (WRB) reported earnings 30 days ago. What's next for the stock?
Panagora Asset Management Inc. Sells 8,268 Shares of W. R. Berkley Co. (NYSE:WRB)
Panagora Asset Management Inc. lessened its position in shares of W. R. Berkley Co. (NYSE:WRB – Free Report) by 17.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 39,424 shares of the insurance provider’s stock after selling 8,268 shares during the period. Panagora Asset Management Inc.’s holdings in W. R. Berkley were worth $2,788,000 at the end of the most recent quarter. A number of other large investors have also recently bought and sold shares of the company. Bruce G. Allen Investments LLC bought a new stake in shares of W. R. Berkley during the 4th quarter worth approximately $25,000. Parkside Financial Bank & Trust lifted its stake in W. R. Berkley by 106.1% during the third quarter. Parkside Financial Bank & Trust now owns 406 shares of the insurance provider’s stock worth $26,000 after purchasing an additional 209 shares during the last quarter. Raleigh Capital Management Inc. boosted its holdings in shares of W. R. Berkley by 132.6% in the 3rd quarter. Raleigh Capital Management Inc. now owns 414 shares of the insurance provider’s stock valued at $26,000 after purchasing an additional 236 shares in the last quarter. VisionPoint Advisory Group LLC bought a new position in shares of W. R. Berkley in the 3rd quarter valued at $27,000. Finally, Lindbrook Capital LLC raised its holdings in shares of W. R. Berkley by 70.6% during the 4th quarter. Lindbrook Capital LLC now owns 580 shares of the insurance provider’s stock worth $41,000 after buying an additional 240 shares in the last quarter. 68.82% of the stock is currently owned by institutional investors and hedge funds. Analyst Upgrades and Downgrades A number of research analysts have issued reports on WRB shares. Keefe, Bruyette & Woods decreased their target price on W. R. Berkley from $88.00 to $86.00 and set a “market perform” rating on the stock in a research report on Friday, May 3rd. UBS Group upped their price objective on shares of W. R. Berkley from $81.00 to $93.00 and gave the stock a “buy” rating in a research report on Tuesday, January 30th. Evercore ISI raised their target price on shares of W. R. Berkley from $83.00 to $89.00 and gave the company an “in-line” rating in a research report on Thursday, April 11th. Wells Fargo & Company decreased their target price on shares of W. R. Berkley from $99.00 to $94.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 24th. Finally, BMO Capital Markets cut their price objective on W. R. Berkley from $93.00 to $87.00 and set a “market perform” rating on the stock in a report on Wednesday, April 24th. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, W. R. Berkley has a consensus rating of “Moderate Buy” and an average price target of $90.38. Read Our Latest Report on W. R. Berkley W. R. Berkley Stock Performance NYSE:WRB opened at $79.31 on Monday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.36 and a current ratio of 0.36. W. R. Berkley Co. has a fifty-two week low of $55.50 and a fifty-two week high of $89.18. The company has a 50 day simple moving average of $82.60 and a two-hundred day simple moving average of $77.80. The company has a market capitalization of $20.28 billion, a PE ratio of 14.06, a P/E/G ratio of 1.51 and a beta of 0.60. W. R. Berkley (NYSE:WRB – Get Free Report) last posted its quarterly earnings data on Tuesday, April 23rd. The insurance provider reported $1.56 earnings per share for the quarter, topping the consensus estimate of $1.46 by $0.10. The company had revenue of $2.76 billion during the quarter, compared to analysts’ expectations of $2.77 billion. W. R. Berkley had a net margin of 12.23% and a return on equity of 20.51%. W. R. Berkley’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same period in the prior year, the company posted $1.00 earnings per share. Research analysts anticipate that W. R. Berkley Co. will post 5.82 earnings per share for the current year. W. R. Berkley Dividend Announcement The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 13th. Stockholders of record on Monday, March 4th were paid a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.55%. The ex-dividend date of this dividend was Friday, March 1st. W. R. Berkley’s dividend payout ratio is 7.80%. About W. R. Berkley (Free Report) 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. Read More Five stocks we like better than W. R. Berkley What is the S&P 500 and How It is Distinct from Other Indexes JD’s Earnings Could Mean Chinese Stocks Making a Comeback How to Invest in Insurance Companies: A Guide Canada Goose Flies Higher Driven By DTC Growth Roth IRA Calculator: Calculate Your Potential Returns CVS Health Stock Has a Silver Lining Called Value Want to see what other hedge funds are holding WRB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for W. R. Berkley Co. (NYSE:WRB – Free Report).
