W. R. Berkley Corp (WRB) Releases Earnings Results, Beats Expectations By $0.04 EPS

W. R. Berkley Corp (WRB) reported quarterly earnings results on Tuesday, Apr-26-2016. The company said it had a profit of $0.89 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.04. Analysts had a consensus of $0.85. The company posted revenue of $1807.21 million in the period, compared to analysts expectations of $1556.40 million. The company’s revenue was up 3.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.80 EPS.

Many Wall Street Analysts have commented on W. R. Berkley Corp. Shares were Reiterated by RBC Capital Mkts on Feb 3, 2016 to “Sector Perform” and Lowered the Price Target to $ 54 from a previous price target of $57 .

W. R. Berkley Corp opened for trading at $55.24 and hit $56.09 on the upside on Friday, eventually ending the session at $56.08, with a gain of 1.59% or 0.88 points. The heightened volatility saw the trading volume jump to 6,06,224 shares. Company has a market cap of $6,875 M.

W. R. Berkley Corporation (W. R. Berkley) 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. The Company’s Insurance -Domestic operating units underwrite specialty risks within the excess and surplus lines market and on an admitted basis. The Company through its Insurance-International operating units writes business in almost 40 countries across the world with branches or offices in 15 locations outside the United States including the United Kingdom Continental Europe South America Canada Scandinavia and Australia. The Company provides other insurance companies and self-insureds with assistance in managing their net risk through reinsurance on either a portfolio basis through treaty reinsurance or on an individual basis through facultative reinsurance.

W. R. Berkley Corp

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