KBW Sticks to Its Hold Rating for W. R. Berkley Corporation (WRB)
In a report released yesterday, Meyer Shields from KBW maintained a Hold rating on W. R. Berkley Corporation, with a price target of $73.00. The company’s shares closed yesterday at $76.35.
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According to TipRanks, Shields is a 5-star analyst with an average return of 11.4% and a 65.11% success rate. Shields covers the Financial sector, focusing on stocks such as Allstate, Arthur J Gallagher & Co, and Arch Capital Group.
In addition to KBW, W. R. Berkley Corporation also received a Hold from UBS’s Brian Meredith in a report issued on November 7. However, on October 29, TR | OpenAI – 4o reiterated a Buy rating on W. R. Berkley Corporation (NYSE: WRB).
Based on W. R. Berkley Corporation’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $3.77 billion and a net profit of $511.03 million. In comparison, last year the company earned a revenue of $3.4 billion and had a net profit of $365.63 million
Read More on WRB:
Disclaimer & DisclosureReport an Issue
- W. R. Berkley downgraded to Neutral from Buy at UBS
- W. R. Berkley price target lowered to $78 from $82 at Cantor Fitzgerald
- W. R. Berkley downgraded to Underperform from Market Perform at BMO Capital
- W.R. Berkley Reports Strong Q3 Earnings Amid Market Challenges
- W. R. Berkley price target raised to $84 from $80 at Truist
