W.R. Berkley Corp. (NYSE:WRB) was downgraded by stock analysts at Goldman Sachs Group Inc. from a “buy” rating to a “neutral” rating in a research note issued on Tuesday.

Several other equities analysts have also recently weighed in on the stock. Zacks Investment Research cut shares of W.R. Berkley Corp. from a “buy” rating to a “hold” rating in a research report on Thursday, October 27th. Deutsche Bank AG lifted their price objective on shares of W.R. Berkley Corp. from $55.00 to $60.00 and gave the stock a “hold” rating in a research report on Wednesday, October 26th. Credit Suisse Group AG set a $52.00 price objective on shares of W.R. Berkley Corp. and gave the stock a “sell” rating in a research report on Monday, September 12th. Finally, Compass Point lifted their price objective on shares of W.R. Berkley Corp. from $55.00 to $60.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 26th. One equities research analyst has rated the stock with a sell rating and six have assigned a hold rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $58.17.

Analyst Recommendations for W.R. Berkley Corp. (NYSE:WRB)

W.R. Berkley Corp. (NYSE:WRB) opened at 59.21 on Tuesday. The firm has a 50-day moving average price of $57.40 and a 200 day moving average price of $57.46. W.R. Berkley Corp. has a 52-week low of $47.54 and a 52-week high of $60.08. The stock has a market capitalization of $7.19 billion, a price-to-earnings ratio of 13.62 and a beta of 0.67.

W.R. Berkley Corp. (NYSE:WRB) last posted its quarterly earnings data on Tuesday, October 25th. The company reported $0.88 earnings per share for the quarter, topping the consensus estimate of $0.85 by $0.03. W.R. Berkley Corp. had a net margin of 7.46% and a return on equity of 9.28%. The firm had revenue of $2.02 billion for the quarter, compared to analysts’ expectations of $1.89 billion. During the same period in the previous year, the company posted $0.91 EPS. The company’s quarterly revenue was up 8.5% compared to the same quarter last year. On average, equities research analysts predict that W.R. Berkley Corp. will post $3.45 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 15th. Stockholders of record on Thursday, December 1st will be issued a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 0.88%. The ex-dividend date of this dividend is Tuesday, November 29th. W.R. Berkley Corp.’s dividend payout ratio is currently 11.95%.

Large investors have recently added to or reduced their stakes in the stock. Barry Investment Advisors LLC raised its stake in W.R. Berkley Corp. by 4.8% in the second quarter. Barry Investment Advisors LLC now owns 33,803 shares of the company’s stock valued at $2,026,000 after buying an additional 1,543 shares during the last quarter. Capstone Asset Management Co. raised its stake in W.R. Berkley Corp. by 0.8% in the second quarter. Capstone Asset Management Co. now owns 12,247 shares of the company’s stock valued at $734,000 after buying an additional 92 shares during the last quarter. BNP Paribas Arbitrage SA raised its stake in W.R. Berkley Corp. by 151.1% in the second quarter. BNP Paribas Arbitrage SA now owns 66,949 shares of the company’s stock valued at $4,012,000 after buying an additional 40,289 shares during the last quarter. Cutler Group LP raised its stake in W.R. Berkley Corp. by 2.0% in the first quarter. Cutler Group LP now owns 5,068 shares of the company’s stock valued at $284,000 after buying an additional 100 shares during the last quarter. Finally, BlueMountain Capital Management LLC raised its stake in W.R. Berkley Corp. by 77.9% in the first quarter. BlueMountain Capital Management LLC now owns 12,588 shares of the company’s stock valued at $707,000 after buying an additional 5,513 shares during the last quarter. 72.03% of the stock is owned by institutional investors and hedge funds.

W.R. Berkley Corp. Company Profile

W. R. Berkley Corporation is an insurance holding company. The Company operates in the three segments of the property casualty insurance business: Insurance-Domestic, Insurance-International and Reinsurance-Global. Its Insurance-Domestic segment includes commercial insurance business, including excess and surplus lines and admitted lines, primarily throughout the United States.

5 Day Chart for NYSE:WRB

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