Positive Press Coverage Somewhat Unlikely to Affect W. R. Berkley (NYSE:WRB) Stock Price
News headlines about W. R. Berkley (NYSE:WRB) have trended positive recently, according to Accern Sentiment Analysis. Accern scores the sentiment of press coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. W. R. Berkley earned a media sentiment score of 0.29 on Accern’s scale. Accern also gave news stories about the insurance provider an impact score of 47.5483439115499 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
W. R. Berkley (WRB) traded down $0.12 during midday trading on Wednesday, reaching $71.96. The company had a trading volume of 49,189 shares, compared to its average volume of 393,063. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 0.46. The firm has a market cap of $8,826.38, a P/E ratio of 16.84, a P/E/G ratio of 2.25 and a beta of 0.87. W. R. Berkley has a 1 year low of $62.00 and a 1 year high of $74.43.
W. R. Berkley (NYSE:WRB) last released its quarterly earnings results on Tuesday, January 30th. The insurance provider reported $0.76 earnings per share for the quarter, topping analysts’ consensus estimates of $0.73 by $0.03. W. R. Berkley had a return on equity of 5.89% and a net margin of 7.15%. The business had revenue of $1.77 billion during the quarter, compared to analysts’ expectations of $1.75 billion. research analysts predict that W. R. Berkley will post 3.59 EPS for the current fiscal year.
Several analysts have recently weighed in on the company. Boenning Scattergood reiterated a “hold” rating on shares of W. R. Berkley in a research report on Wednesday, January 31st. Royal Bank of Canada reiterated a “hold” rating on shares of W. R. Berkley in a report on Wednesday, January 31st. Zacks Investment Research downgraded shares of W. R. Berkley from a “buy” rating to a “hold” rating in a report on Tuesday, February 20th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and set a $69.00 price target on shares of W. R. Berkley in a research note on Friday, November 17th. Two analysts have rated the stock with a sell rating and eight have given a hold rating to the company. W. R. Berkley presently has an average rating of “Hold” and a consensus price target of $70.38.
About W. R. Berkley
W. R. Berkley Corporation is an insurance holding company. It operates through two segments: Insurance and Reinsurance-Global. The Insurance segment consists of its commercial insurance business operations, comprising excess and surplus lines, and admitted lines, throughout the United States, as well as its insurance business operations in the United Kingdom, Continental Europe, South America, Canada, Mexico, Scandinavia, Asia and Australia.
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