W.R. Berkley (WRB) Receives Downgrade From BofA Merrill. Will Other Analysts Follow Suit?

June 14, 2018 - By Ash Ash

W. R. Berkley Corporation (NYSE:WRB) Logo

W.R. Berkley (WRB) Receives a Downgrade

BofA Merrill has cut the rating for shares of W.R. Berkley (WRB) to a solid Underperform in a report sent to investors and clients on 14 June. WRB’s previous rating by the firm was a Neutral.

The stock decreased 1.47% or $1.12 during the last trading session, reaching $75.28. About 418,821 shares traded or 11.15% up from the average. W. R. Berkley Corporation (WRB) has risen 13.74% since June 14, 2017 and is uptrending. It has outperformed by 1.17% the S&P500.

Analysts await W. R. Berkley Corporation (NYSE:WRB) to report earnings on July, 24. They expect $0.81 earnings per share, up 24.62 % or $0.16 from last year’s $0.65 per share. WRB’s profit will be $98.55 million for 23.23 P/E if the $0.81 EPS becomes a reality. After $1.00 actual earnings per share reported by W. R. Berkley Corporation for the previous quarter, Wall Street now forecasts -19.00 % negative EPS growth.

W. R. Berkley Corporation, an insurance holding company, operates as commercial lines writer in the United States and internationally. The company has market cap of $9.16 billion. It operates through two divisions, Insurance and Reinsurance. It has a 17.67 P/E ratio. The Insurance segment underwrites insurance business, including premises operations, commercial automobile, property, products liability, and professional liability lines.

More news for W. R. Berkley Corporation (NYSE:WRB) were recently published by: 247Wallst.com, which released: “Top Analyst Upgrades and Downgrades: Capital One, Hewlett Packard Enterprises, Kohl’s, Roku, Spotify, Steel …” on June 14, 2018. Benzinga.com‘s article titled: “Benzinga’s Top Upgrades, Downgrades For June 14, 2018” and published on June 14, 2018 is yet another important article.

W. R. Berkley Corporation (NYSE:WRB) Institutional Positions Chart

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