News headlines about W.R. Berkley Corporation (NYSE:WRB) have trended very positive this week, according to Accern Sentiment Analysis. The research firm identifies positive and negative media coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. W.R. Berkley Corporation earned a news sentiment score of 0.57 on Accern’s scale. Accern also assigned media headlines about the insurance provider an impact score of 0 out of 100, indicating that recent media coverage is extremely unlikely to have an impact on the company’s share price in the immediate future.
Here are some of the news articles that may have impacted Accern Sentiment’s analysis:
- W.R. Berkley Corporation (WRB) Receives Consensus Rating of “Hold” from Brokerages (americanbankingnews.com)
- Zacks: Brokerages Expect W.R. Berkley Corporation (WRB) to Announce $0.76 Earnings Per Share (americanbankingnews.com)
- The WR Berkley Corporation (NYSE:WRB) Cut to Hold at BidaskClub (hoyentv.com)
- W.R. Berkley Corporation (WRB) Rating Reiterated by Morgan Stanley (americanbankingnews.com)
- W. R. Berkley Corporation Announces Sale of Real Estate Investment (finance.yahoo.com)
Several research firms recently commented on WRB. Keefe, Bruyette & Woods set a $67.00 price target on shares of W.R. Berkley Corporation and gave the company a “hold” rating in a research report on Thursday, July 6th. BidaskClub downgraded shares of W.R. Berkley Corporation from a “buy” rating to a “hold” rating in a research report on Thursday, June 29th. Zacks Investment Research downgraded shares of W.R. Berkley Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, June 28th. Finally, Morgan Stanley restated an “equal weight” rating and set a $70.00 price objective (up previously from $68.00) on shares of W.R. Berkley Corporation in a research report on Friday, July 7th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $63.00.
Shares of W.R. Berkley Corporation (NYSE WRB) opened at 69.07 on Wednesday. The firm has a market capitalization of $8.37 billion, a PE ratio of 14.66 and a beta of 0.87. The company has a 50-day moving average of $68.32 and a 200-day moving average of $68.61. W.R. Berkley Corporation has a 52 week low of $55.55 and a 52 week high of $73.17.
The business also recently announced a quarterly dividend, which was paid on Wednesday, July 5th. Shareholders of record on Thursday, June 15th were paid a $0.14 dividend. This is a positive change from W.R. Berkley Corporation’s previous quarterly dividend of $0.13. The ex-dividend date of this dividend was Tuesday, June 13th. This represents a $0.56 annualized dividend and a yield of 0.81%. W.R. Berkley Corporation’s dividend payout ratio is presently 11.84%.
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W.R. Berkley Corporation 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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