W.R. Berkley
About: W.R. Berkley is an insurance holding company with a host of subsidiaries that primarily underwrite commercial casualty insurance. The firm specializes in niche products that include various excess and surplus lines, workers' compensation insurance, self-insurance consulting, reinsurance, and regional commercial lines for small and midsize businesses.
Employees: 8,186
0
Funds holding %
of 6,809 funds
0
Analysts bullish %
of 10 analysts
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
1,589% more repeat investments, than reductions
Existing positions increased: 625 | Existing positions reduced: 37
53% more first-time investments, than exits
New positions opened: 107 | Existing positions closed: 70
34% more call options, than puts
Call options by funds: $14M | Put options by funds: $10.4M
20% more funds holding in top 10
Funds holding in top 10: 10 [Q2] → 12 (+2) [Q3]
5% more funds holding
Funds holding: 740 [Q2] → 777 (+37) [Q3]
3% less capital invested
Capital invested by funds: $14.8B [Q2] → $14.4B (-$460M) [Q3]
8.11% less ownership
Funds ownership: 74.53% [Q2] → 66.42% (-8.11%) [Q3]
Research analyst outlook
10 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$57
3%
downside
Avg. target
$65
11%
upside
High target
$76
30%
upside
10 analyst ratings
5 positive
50%
5 neutral
50%
0 negative
0%
Morgan Stanley Bob Huang 53% 1-year accuracy 8 / 15 met price target | 11%upside $65 | Equal-Weight Initiated | 5 Dec 2024 |
Goldman Sachs Robert Cox 25% 1-year accuracy 1 / 4 met price target | 18%upside $69 | Buy Upgraded | 25 Nov 2024 |
B of A Securities Joshua Shanker 44% 1-year accuracy 24 / 54 met price target | 30%upside $76 | Buy Maintained | 22 Oct 2024 |
Wells Fargo Elyse Greenspan 57% 1-year accuracy 52 / 91 met price target | 16%upside $68 | Overweight Maintained | 22 Oct 2024 |
UBS Brian Meredith 74% 1-year accuracy 29 / 39 met price target | 18%upside $69 | Buy Maintained | 22 Oct 2024 |
Financial journalist opinion
Based on 6 articles about WRB published over the past 30 days
Neutral
Business Wire
2 days ago
W. R. Berkley Corporation Establishes Branch Office of Berkley Insurance Company in India
GREENWICH, Conn.--(BUSINESS WIRE)--W. R. Berkley Corporation (NYSE: WRB) announced today that Berkley Insurance Company has received approval from the International Financial Services Centres Authority (IFSCA) for the establishment of a branch office in India. The new branch, Berkley Insurance Company, IFSC Branch GIFT City, Gujarat, marks a significant milestone for Berkley Insurance Asia as it continues to expand its presence in the region. Unnati Bajpai has been named chief executive officer.
Positive
Zacks Investment Research
4 days ago
Here's Why W.R. Berkley (WRB) is a Strong Growth Stock
The Zacks Style Scores offers investors a way to easily find top-rated stocks based on their investing style. Here's why you should take advantage.
Neutral
Zacks Investment Research
1 week ago
WRB Stock Trading at a Premium to the Industry at 2.77X: Buy or Hold?
As the shares are trading at a premium, it is better to adopt a wait-and-see approach for W. R. Berkley.
Neutral
Business Wire
2 weeks ago
W. R. Berkley Corporation Declares Special and Regular Quarterly Cash Dividends
GREENWICH, Conn.--(BUSINESS WIRE)--W. R. Berkley Corporation (NYSE: WRB) announced today that its Board of Directors declared a special cash dividend on its common stock of 50 cents per share to be paid on December 27, 2024 to stockholders of record at the close of business on December 16, 2024. The special dividend announced today is the third in 2024. In addition, the Board of Directors has declared a regular quarterly cash dividend on its common stock of 8 cents per share to be paid on Decem.
Neutral
Business Wire
3 weeks ago
W. R. Berkley Corporation to Present at the 2024 Goldman Sachs U.S. Financial Services Conference
GREENWICH, Conn.--(BUSINESS WIRE)--W. R. Berkley Corporation (NYSE: WRB) announced today that W. Robert Berkley, Jr., its president and chief executive officer, will present at the 2024 Goldman Sachs U.S. Financial Services Conference. The presentation will take place on Wednesday, December 11, 2024 at 11:20 a.m. eastern time. The presentation will be webcast live on the Company's website at www.berkley.com. Please log on early to register. A replay of the webcast will be available on the Compa.
Positive
Benzinga
3 weeks ago
WR Berkley Margins Could Continue To Expand 'Well Into 2025', Says Bullish Analyst
Shares of WR Berkley Corp WRB have gained more than 7% over the past month after the company reported in late October upbeat third-quarter earnings.
Positive
Zacks Investment Research
1 month ago
Why Is W.R. Berkley (WRB) Up 2.8% Since Last Earnings Report?
W.R. Berkley (WRB) reported earnings 30 days ago. What's next for the stock?
Positive
Zacks Investment Research
1 month ago
W.R. Berkley Stock Rises 15.8% in 6 Months: Will the Rally Last?
WRB stock soars on the back of higher premiums, lower claims frequency in certain lines of business, effective capital deployment and sufficient liquidity.
Positive
Seeking Alpha
1 month ago
W. R. Berkley: Valuation Continues To Reflect Elevated Earnings
Commercial insurer W. R. Berkley continues to enjoy a favorable operating environment, with underwriting profitability and investment income both still elevated. While the company has always reported solid underwriting results, the current backdrop is leading to cycle-high return on equity. Although earnings remain strong, the stock trades for over 2.7x book value. This valuation leaves little room for eventual earnings normalization.
Positive
Seeking Alpha
1 month ago
W.R. Berkley: Strong Results But A Premium Multiple
W.R. Berkley shares have gained 27% over the past year but recently declined 7% after Q3 results; I maintain a "hold" rating due to valuation. Q3 results showed solid performance despite higher catastrophe losses, with net written premiums rising to $3.06 billion, driven by premium inflation. Elevated interest rates boosted net investment income by 19%, and WRB's conservative fixed income portfolio remains defensively positioned with an AA- average credit quality.
Charts implemented using Lightweight Charts™