W. R. Berkley Corporation (WRB – Research Report) received a Hold rating and price target from Evercore ISI analyst David Motemaden today. The company’s shares closed yesterday at $72.61.
Motemaden covers the Financial sector, focusing on stocks such as Progressive, Chubb, and Allstate. According to TipRanks, Motemaden has an average return of 9.8% and a 72.29% success rate on recommended stocks.
In addition to Evercore ISI, W. R. Berkley Corporation also received a Hold from RBC Capital’s Scott Heleniak in a report issued yesterday. However, on January 3, Truist Financial maintained a Buy rating on W. R. Berkley Corporation (NYSE: WRB).
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WRB market cap is currently $18.72B and has a P/E ratio of 14.63.
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W. R. Berkley Corporation (WRB) Company Description:
W.R. Berkley Corp. is an insurance holding company, which engages in the property casualty insurance business. It operates through the Insurance and Reinsurance & Monoline Excess segments. The Insurance segment includes excess and surplus lines, admitted lines, and specialty personal lines throughout the United States, as well as insurance business in the United Kingdom, Continental Europe, South America, Canada, Mexico, Scandinavia, Asia and Australia. The Reinsurance & Monoline Excess segment is involved in the reinsurance business on a facultative and treaty basis, primarily in the United States, United Kingdom, Continental Europe, Australia, the Asia-Pacific region, and South Africa. The company was founded by William R. Berkley in 1967 and is headquartered in Greenwich, CT.
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