KBW Keeps WR Berkley (NYSE:WRB) As a “Hold”; They Now Have a Target Price per Share Of $68.0

December 8, 2017 - By Nellie Frank

 KBW Keeps WR Berkley (NYSE:WRB) As a

WR Berkley (NYSE:WRB) Rating Reaffirmed

New York: In analysts note revealed to clients on 4 October, KBW reiterated their “Hold” rating on WR Berkley (NYSE:WRB) shares. They now have a $68.0 target on the company. KBW’s target indicates a potential downside of -2.68 % from the company’s previous close.

W. R. Berkley Corporation (NYSE:WRB) Ratings Coverage

Among 10 analysts covering W.R. Berkley (NYSE:WRB), 1 have Buy rating, 1 Sell and 8 Hold. Therefore 10% are positive. W.R. Berkley has $74 highest and $52 lowest target. $64.86’s average target is -7.17% below currents $69.87 stock price. W.R. Berkley had 20 analyst reports since July 28, 2015 according to SRatingsIntel. The stock of W. R. Berkley Corporation (NYSE:WRB) earned “Sector Perform” rating by RBC Capital Markets on Wednesday, February 3. The company was maintained on Wednesday, July 26 by RBC Capital Markets. Compass Point maintained it with “Neutral” rating and $54 target in Tuesday, October 13 report. RBC Capital Markets maintained the stock with “Hold” rating in Monday, October 2 report. The rating was upgraded by Macquarie Research on Tuesday, January 17 to “Outperform”. The firm has “Sector Perform” rating given on Tuesday, July 28 by RBC Capital Markets. RBC Capital Markets maintained the shares of WRB in report on Monday, August 28 with “Hold” rating. The rating was maintained by Keefe Bruyette & Woods with “Hold” on Friday, September 1. As per Tuesday, July 28, the company rating was maintained by Compass Point. The stock of W. R. Berkley Corporation (NYSE:WRB) earned “Equal-Weight” rating by Morgan Stanley on Thursday, January 21.

The stock increased 0.23% or $0.16 during the last trading session, reaching $69.87. About 386,208 shares traded. W. R. Berkley Corporation (NYSE:WRB) has risen 22.62% since December 8, 2016 and is uptrending. It has outperformed by 5.92% the S&P500.

Analysts await W. R. Berkley Corporation (NYSE:WRB) to report earnings on January, 30. They expect $0.76 earnings per share, down 7.32 % or $0.06 from last year’s $0.82 per share. WRB’s profit will be $92.57M for 22.98 P/E if the $0.76 EPS becomes a reality. After $0.36 actual earnings per share reported by W. R. Berkley Corporation for the previous quarter, Wall Street now forecasts 111.11 % EPS growth.

W. R. Berkley Corporation, an insurance holding company, operates as commercial lines writer in the United States and internationally. The company has market cap of $8.51 billion. It operates through two divisions, Insurance and Reinsurance. It has a 14.83 P/E ratio. The Insurance segment underwrites insurance business, including premises operations, commercial automobile, property, products liability, and professional liability lines.

More notable recent W. R. Berkley Corporation (NYSE:WRB) news were published by: Businesswire.com which released: “Michael S. Nannizzi Joins WR Berkley Corporation” on April 19, 2017, also Businesswire.com with their article: “WR Berkley Corporation Declares Special Dividend and Regular Quarterly Dividend” published on November 13, 2017, Insurancejournal.com published: “California’s Enforcement against WR Berkley Ends in $12M Settlement” on May 23, 2017. More interesting news about W. R. Berkley Corporation (NYSE:WRB) were released by: Marketwired.com and their article: “Global Insurance Accelerator Welcomes WR Berkley Corporation as New Investor” published on October 02, 2017 as well as Insurancejournal.com‘s news article titled: “WR Berkley Corp. to Invest in Iowa’s Global Insurance Accelerator, Join Board” with publication date: October 04, 2017.

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