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

Author: Avi Kapoor | January 25, 2024 03:52pm

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.

 

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Posted In: WRB