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

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.




Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter: