W.R. Berkley Corp. (wrb) Declares Dividend of $0.63
W.R. Berkley Corp. (NYSE:wrb) declared a dividend on Tuesday, August 2nd. Shareholders of record on Tuesday, September 20th will be given a dividend of 0.63 per share on Wednesday, October 5th. The ex-dividend date is Friday, September 16th. This is an increase from W.R. Berkley Corp.’s previous dividend of $0.12.
Shares of W.R. Berkley Corp. (NYSE:WRB) opened at 57.04 on Friday. The stock has a market capitalization of $7.00 billion, a price-to-earnings ratio of 14.96 and a beta of 0.80. W.R. Berkley Corp. has a 12 month low of $47.54 and a 12 month high of $60.08. The stock’s 50 day moving average price is $58.46 and its 200-day moving average price is $56.49.
W.R. Berkley Corp. (NYSE:WRB) last announced its earnings results on Monday, July 25th. The company reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.05. W.R. Berkley Corp. had a net margin of 6.69% and a return on equity of 9.53%. The company had revenue of $1.56 billion for the quarter, compared to the consensus estimate of $1.96 billion. During the same period in the previous year, the business earned $0.81 EPS. The company’s revenue was up 4.5% on a year-over-year basis. Equities analysts forecast that W.R. Berkley Corp. will post $3.41 earnings per share for the current fiscal year.
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WRB has been the topic of several research reports. Zacks Investment Research raised W.R. Berkley Corp. from a “sell” rating to a “hold” rating in a research report on Wednesday, August 31st. Royal Bank Of Canada raised their price objective on W.R. Berkley Corp. from $57.00 to $61.00 and gave the company a “sector perform” rating in a research report on Wednesday, July 13th. Finally, Compass Point raised their price objective on W.R. Berkley Corp. from $55.00 to $60.00 and gave the company 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 issued a hold rating to the company’s stock. W.R. Berkley Corp. has a consensus rating of “Hold” and a consensus price target of $55.17.
About W.R. Berkley Corp.
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.
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