Published On: Sun, Sep 11th, 2016

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.

This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/09/11/w-r-berkley-corp-wrb-declares-dividend-of-0-63.html

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.

Receive News & Ratings for W.R. Berkley Corp. Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for W.R. Berkley Corp. and related companies with MarketBeat.com’s FREE daily email newsletter.

Leave a comment

XHTML: You can use these html tags: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>