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W. R. Berkley Analysts Increase Their Forecasts After Strong Q4 Earnings

Published 25/01/2024, 19:52
Updated 25/01/2024, 21:10
© Reuters.  W. R. Berkley Analysts Increase Their Forecasts After Strong Q4 Earnings

Benzinga - by Avi Kapoor, Benzinga Staff Writer.

W. R. Berkley Corporation (NYSE: WRB) reported better-than-expected fourth-quarter earnings on Wednesday.

WR Berkley posted adjusted earnings of $1.45 per share, beating market estimates of $1.38 per share. The company’s quarterly sales came in at $3.22 billion versus estimates of $3.21 billion, according to data from Benzinga Pro.

WR Berkley shares gained 7.4% to trade at $83.46 on Thursday.

These analysts made changes to their price targets on W.R. Berkley after the company reported quarterly results.

  • Keefe, Bruyette & Woods raised the price target on W.R. Berkley from $79 to $80. Keefe, Bruyette & Woods analyst Meyer Shields maintained an Outperform rating.
  • RBC Capital boosted W.R. Berkley price target from $73 to $79. RBC Capital analyst Scott Heleniak maintained a Sector Perform rating.
  • Wells Fargo increased the price target on W.R. Berkley from $84 to $92. Wells Fargo analyst Elyse Greenspan maintained an Overweight rating.
  • Truist Securities boosted the price target on W.R. Berkley from $83 to $95. Truist Securities analyst Mark Hughes maintained a Buy rating.

Now Read This: Jim Cramer: This Healthcare Stock Is 'Too Risky,' But Shares Jumped 64% Over Past Month

Latest Ratings for WRB

Dec 2021Evercore ISI GroupInitiates Coverage OnOutperform
Dec 2021Truist SecuritiesInitiates Coverage OnBuy
Oct 2021RBC CapitalMaintainsOutperform

View the Latest Analyst Ratings

© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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