How Have the Numbers Shaped Up for W. R. Berkley (NYSE:WRB)

Earnings results for W. R. Berkley (NYSE:WRB)

W.R. Berkley Corporation is expected* to report earnings on 04/20/2021 after market close. The report will be for the fiscal Quarter ending Mar 2021. According to Zacks Investment Research, based on 2 analysts’ forecasts, the consensus EPS forecast for the quarter is $0.96. The reported EPS for the same quarter last year was $0.69.

W. R. Berkley last released its earnings results on January 25th, 2021. The insurance provider reported $0.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.79 by $0.13. The company had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.80 billion. Its revenue for the quarter was up 5.6% on a year-over-year basis. W. R. Berkley has generated $3.03 earnings per share over the last year and currently has a price-to-earnings ratio of 45.1. W. R. Berkley has confirmed that its next quarterly earnings report will be published on Tuesday, April 20th, 2021.

Analyst Opinion on W. R. Berkley (NYSE:WRB)

8 Wall Street analysts have issued ratings and price targets for W. R. Berkley in the last 12 months. Their average twelve-month price target is $74.25, predicting that the stock has a possible downside of 8.06%. The high price target for WRB is $92.00 and the low price target for WRB is $55.00. There are currently 4 hold ratings and 4 buy ratings for the stock, resulting in a consensus rating of “Buy.”

W. R. Berkley has received a consensus rating of Buy. The company’s average rating score is 2.50, and is based on 4 buy ratings, 4 hold ratings, and no sell ratings. According to analysts’ consensus price target of $74.25, W. R. Berkley has a forecasted downside of 8.1% from its current price of $80.76. W. R. Berkley has only been the subject of 3 research reports in the past 90 days.

Dividend Strength: W. R. Berkley (NYSE:WRB)

W. R. Berkley has a dividend yield of 0.60%, which is in the bottom 25% of all stocks that pay dividends. W. R. Berkley has been increasing its dividend for 11 years. The dividend payout ratio of W. R. Berkley is 15.84%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, W. R. Berkley will have a dividend payout ratio of 15.53% next year. This indicates that W. R. Berkley will be able to sustain or increase its dividend.

Insiders buying/selling: W. R. Berkley (NYSE:WRB)

In the past three months, W. R. Berkley insiders have not sold or bought any company stock. Only 22.30% of the stock of W. R. Berkley is held by insiders. 71.04% of the stock of W. R. Berkley is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Earnings and Valuation of W. R. Berkley (NYSE:WRB

Earnings for W. R. Berkley are expected to grow by 40.45% in the coming year, from $2.20 to $3.09 per share. The P/E ratio of W. R. Berkley is 45.12, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 23.65. The P/E ratio of W. R. Berkley is 45.12, which means that it is trading at a more expensive P/E ratio than the Finance sector average P/E ratio of about 22.68. W. R. Berkley has a PEG Ratio of 3.10. PEG Ratios above 1 indicate that a company could be overvalued. W. R. Berkley has a P/B Ratio of 2.42. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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