Headlines about W. R. Berkley (NYSE:WRB) have been trending somewhat positive this week, according to Accern. The research firm identifies negative and positive media coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. W. R. Berkley earned a news sentiment score of 0.16 on Accern’s scale. Accern also gave headlines about the insurance provider an impact score of 46.9053427107616 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Shares of W. R. Berkley (NYSE WRB) traded up $0.83 during trading on Friday, hitting $69.44. The company’s stock had a trading volume of 419,387 shares, compared to its average volume of 356,603. The stock has a market cap of $8,356.34, a price-to-earnings ratio of 16.26, a PEG ratio of 2.12 and a beta of 0.91. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.45. W. R. Berkley has a one year low of $62.00 and a one year high of $73.17.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 14th. Stockholders of record on Thursday, November 30th were issued a dividend of $0.14 per share. The ex-dividend date of this dividend was Wednesday, November 29th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.81%. W. R. Berkley’s payout ratio is 13.11%.
A number of research analysts have weighed in on the company. Zacks Investment Research raised W. R. Berkley from a “hold” rating to a “buy” rating and set a $79.00 price target on the stock in a research note on Wednesday, December 27th. UBS Group increased their price target on W. R. Berkley from $63.00 to $66.00 and gave the stock a “sell” rating in a research note on Wednesday, October 25th. Boenning Scattergood reissued a “hold” rating on shares of W. R. Berkley in a research note on Wednesday, October 25th. Bank of America increased their price target on W. R. Berkley from $73.00 to $74.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 25th. Finally, Deutsche Bank increased their price target on W. R. Berkley from $65.00 to $66.00 and gave the stock a “hold” rating in a research note on Wednesday, October 25th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $70.38.
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W. R. Berkley Company Profile
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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