WR Berkley Receives a Hold from KBW

By Austin Angelo

In a report released today, Melissa Roberts from KBW reiterated a Hold rating on WR Berkley (NYSE: WRB), with a price target of $67. The company’s shares opened today at $66.45.

According to TipRanks.com, Roberts is a 3-star analyst with an average return of 2.2% and a 47.7% success rate. Roberts covers the Financial sector, focusing on stocks such as Argo Group International Holdings Ltd, Fidelity National Financial Ventures, and First Financial Corporation Indiana.

WR Berkley has an analyst consensus of Hold, with a price target consensus of $67.

WR Berkley’s market cap is currently $8.15B and has a P/E ratio of 14.05. The company has a book value ratio of 1.5734.

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W.R. Berkley Corp. operates as an insurance holding company, which focuses on the property and casualty insurance business. It operates through the following segments: Insurance-Domestic, Insurance-International and Reinsurance-Global. The Insurance-Domestic segment engages in commercial insurance business, including excess and surplus lines and admitted lines, primarily throughout the United States. The Insurance-International segment engages in insurance business primarily in the United Kingdom, Continental Europe, South America, Canada, Scandinavia, Asia, and Australia. The Reinsurance-Global segment engages in reinsurance business on a facultative and treaty basis, primarily in the United States, United Kingdom, Continental Europe, Australia, the Asia-Pacific Region, and South Africa. The company was founded by William R. Berkley in 1967 and is headquartered in Greenwich, CT.