Key Highlights:
- W.R. Berkley (WRB, Financial) beats earnings expectations with a $1.01 non-GAAP EPS.
- Company's net premiums rise by 9.8%, surpassing forecasts.
- Analysts' average price target suggests minimal upside potential.
W.R. Berkley (WRB) delivered strong first-quarter results, reporting a non-GAAP earnings per share of $1.01, which exceeded analysts' expectations by $0.02. The company achieved notable growth with a 9.8% year-over-year increase in net premiums written, amounting to $3.13 billion, outperforming forecasts by $110 million. In addition, net investment income rose 12.6%, reaching $360.3 million.
Wall Street Analysts Forecast
According to the projections from 14 analysts over the next year, WR Berkley Corp (WRB, Financial) has an average target price of $68.61, with predictions ranging as high as $80.00 and as low as $52.47. This average target suggests a modest upside of 1.89% from the current trading price of $67.33. Investors interested in detailed forecast data should refer to the WR Berkley Corp (WRB) Forecast page.
The consensus recommendation from 17 brokerage firms positions WR Berkley Corp (WRB, Financial) with an average rating of 2.6, aligning with a "Hold" decision. This rating scale ranges from 1, representing a Strong Buy, to 5, indicating a Sell.
In terms of valuation, GuruFocus estimates that the GF Value for WR Berkley Corp (WRB, Financial) in one year is $66.96. This suggests a slight potential downside of 0.55% from the current price of $67.33. The GF Value represents GuruFocus' estimate of the stock's fair value, calculated based on historical multiples, past business growth, and future performance projections. More information is available on the WR Berkley Corp (WRB) Summary page.
