WR Berkley Receives a Hold from RBC Capital

By Austin Angelo

In a report released yesterday, Mark Dwelle from RBC Capital reiterated a Hold rating on WR Berkley (NYSE: WRB), with a price target of $72. The company’s shares closed yesterday at $66.71.

According to TipRanks.com, Dwelle is a 5-star analyst with an average return of 12.2% and a 74.7% success rate. Dwelle covers the Financial sector, focusing on stocks such as American Equity Investment Life, American International Group, and Marsh & Mclennan Companies.

WR Berkley has an analyst consensus of Hold, with a price target consensus of $70.

WR Berkley’s market cap is currently $8.09B and has a P/E ratio of 14.10. The company has a book value ratio of 1.5303.

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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 business segments: Insurance-Domestic, Insurance-International and Reinsurance-Global.