In a report released yesterday, Scott Heleniak from RBC Capital maintained a Hold rating on W. R. Berkley Corporation (WRB – Research Report), with a price target of $86.00. The company’s shares closed yesterday at $79.08.
Heleniak covers the Financial sector, focusing on stocks such as Reinsurance Group, W. R. Berkley Corporation, and Corebridge Financial, Inc.. According to TipRanks, Heleniak has an average return of 13.7% and a 74.65% success rate on recommended stocks.
In addition to RBC Capital, W. R. Berkley Corporation also received a Hold from Evercore ISI’s David Motemaden in a report issued yesterday. However, today, Wells Fargo assigned a Buy rating to W. R. Berkley Corporation (NYSE: WRB).
Based on W. R. Berkley Corporation’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $3 billion and a net profit of $356.31 million. In comparison, last year the company earned a revenue of $2.51 billion and had a net profit of $179.32 million
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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.
