W. R. Berkley Corp (WRB) Releases Earnings Results, Beats Expectations By $0.03 EPS

W. R. Berkley Corp (WRB) reported quarterly earnings results on Monday, Jul-25-2016. The company said it had a profit of $0.82 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.03. Analysts had a consensus of $0.79. The company posted revenue of $1559.80 million in the period, 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.

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 .Company shares were Reiterated by RBC Capital Mkts on Apr 27, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 57 from a previous price target of $54 .

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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