W. R. Berkley Corp (WRB) is Reiterated by Compass Point to Neutral, Raises Price Target to $ 60

W. R. Berkley Corp (WRB) was Reiterated by Compass Point to “Neutral” according to the research note released today. The brokerage firm has raised the Price Target to $ 60 from a previous price target of $55 . Compass Point advised their investors in a research report released on Jul 26, 2016.

Many Wall Street Analysts have commented on W. R. Berkley Corp. Company shares were Reiterated by RBC Capital Mkts on Jul 13, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 61 from a previous price target of $57 .

On the company’s financial health, W. R. Berkley Corp reported $0.82 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Jul 25, 2016. Analyst had a consensus of $0.79. The company had revenue of $1559.80 million for the quarter, compared to analysts expectations of $1578.40 million. The company’s revenue was up 4.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.81 EPS.

W. R. Berkley Corp closed down -0.08 points or -0.14% at $58.5 with 1,88,793 shares getting traded on Wednesday. Post opening the session at $58.61, the shares hit an intraday low of $58.5 and an intraday high of $58.94 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

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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