61.42 0.00 (0.00%)
After hours: 4:15PM EDT
Double Moving Average Crossover
|Bid||61.06 x 1000|
|Ask||61.27 x 900|
|Day's Range||59.43 - 61.50|
|52 Week Range||43.05 - 79.92|
|Beta (5Y Monthly)||0.62|
|PE Ratio (TTM)||17.04|
|Earnings Date||Jul 21, 2020 - Jul 27, 2020|
|Forward Dividend & Yield||0.44 (0.73%)|
|Ex-Dividend Date||Mar 10, 2020|
|1y Target Est||55.67|
We at Insider Monkey have gone over 821 13F filings that hedge funds and prominent investors are required to file by the SEC The 13F filings show the funds' and investors' portfolio positions as of March 31st, near the height of the coronavirus market crash. In this article, we look at what those funds think […]
Startek’s Intelligent Automation Recognized by IAOP for Excellence in Strategic Partnerships in 2020
W. R. Berkley Corporation (NYSE: WRB) today announced that Ira S. Lederman will step down from the positions of executive vice president and secretary effective June 1, 2020. He will continue as Of Counsel and assistant secretary.
W. R. Berkley Corporation (NYSE: WRB) today announced that in lieu of its previously announced in-person Annual Meeting of Stockholders it will host a virtual only Annual Meeting of Stockholders at 1:30 p.m. ET on Friday, June 12, 2020. In light of the COVID-19 pandemic and in an effort to protect the health and safety of the company’s stockholders, employees and communities, the Annual Meeting will be held solely by remote communication in the form of an audio webcast rather than an in-person event.
AM Best has affirmed the Long-Term Issuer Credit Rating (Long-Term ICR) of "a-" of W. R. Berkley Corporation (W. R. Berkley) (Greenwich, CT) [NYSE:WRB] and all associated Long-Term Issue Credit Ratings (Long-Term IRs) and indicative Long-Term IRs for securities issued by W. R. Berkley. At the same time, AM Best has affirmed the Financial Strength Rating (FSR) of A+ (Superior) and the Long-Term ICRs of "aa-" of Berkley Insurance Company (BIC) (Wilmington, DE) and its reinsured subsidiaries and affiliates, collectively referred to as the W. R. Berkley Insurance Group (the Berkley Group). AM Best also has affirmed the FSR of A+ (Superior) and the Long-Term ICR of "aa-" of Berkley Life and Health Insurance Company (Berkley Life and Health) (Urbandale, IA). The outlook of these Credit Ratings (ratings) is stable. (See below for a detailed list of the companies and ratings).
With its stock down 35% over the past three months, it is easy to disregard W. R. Berkley (NYSE:WRB). It is possible...
AM Best has assigned a Long-Term Issue Credit Rating of "a-" to the recently announced $300 million 4.00% senior unsecured notes, due 2050, of W. R. Berkley Corporation (WRB) (Greenwich, CT) [NYSE: WRB]. The outlook assigned to this Credit Rating (rating) is stable.
W. R. Berkley Corporation (NYSE: WRB) (the "Company") announced today that it priced an offering of $300 million aggregate principal amount of 4.00% Senior Notes due 2050 (the "Notes"). The offering is expected to close on May 12, 2020, subject to customary closing conditions. The net proceeds of the offering will be used to repay at maturity on September 15, 2020 the Company’s $300 million aggregate principal amount of 5.375% Senior Notes.
Today we're going to take a look at the well-established W. R. Berkley Corporation (NYSE:WRB). The company's stock saw...
W. R. Berkley Corporation (NYSE: WRB) will release its first quarter 2020 earnings after the market closes on Tuesday, April 21, 2020. A copy of the earnings release will be available on the Company’s website at www.berkley.com.
W. R. Berkley Corporation (NYSE: WRB) today announced the appointment of Robert W. Standen as executive vice president with oversight responsibility for certain of the Company’s operating units. Scott A. Holbrook will succeed Mr. Standen as president of Key Risk Insurance, a Berkley Company. The appointments are effective immediately.
Coronavirus is probably the 1 concern in investors' minds right now. It should be. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW. We predicted that a US recession is imminent and US stocks will go down by at least 20% in the next 3-6 […]
To the annoyance of some shareholders, W. R. Berkley (NYSE:WRB) shares are down a considerable 40% in the last month...
The Federal Reserve took aggressive action this month in the wake of the coronavirus outbreak by cutting interest rates by 0.5%, the largest rate cut since 2008. The latest rate cut also represented the fourth consecutive interest rate cut by the Fed.Throughout history, every single time the Fed has cut rates four consecutive times, the U.S. economy subsequently entered a recession. A weak economy and low interest rates are a double whammy for many banks and insurance companies that depend on interest income.Here are eight financial sector stocks to sell, according to Bank of America.U.S. Bancorp (NYSE: USB) U.S. Bancorp is the fifth largest commercial bank in the U.S.Analyst Erika Najarian recently said it will be difficult for U.S. Bancorp to generate positive operating leverage in 2020 given the current environment. In the fourth quarter, core expenses were up 3%, and management said on the earnings call expenses will likely continue to rise in the low single digits this year. Interest rate cuts will eat into net interest margins, and Najarian said the stock is fully priced given the near-term uncertainty.Bank of America has an Underperform rating and $63 price target for USB stock.Lloyds Banking Group PLC ADR (NYSE: LYG) Lloyds is one of the biggest banks in the UK. As bad as things are in the U.S. right now, they are much worse in Europe, especially in the UK.Analyst Rohith Chandra-Rajan recently said 2020 will be a challenging year for Lloyds given interest rates and pricing pressures. Heading into 2020, management guided for 2020 margins of between 2.75% and 2.8%, guidance that Chandra-Rajan said seemed optimistic even before the coronavirus outbreak ramped up. Chandra-Rajan said Lloyd's current stock valuation is more reflective of the company's past performance than its challenging future.Bank of America has an Underperform rating and $2.58 price target for LYG stock.See Also: 3 ETFs To Avoid Following The Fed's Latest Interest Rate CutBank of Montreal (NYSE: BMO) Bank of Montreal is the fourth-largest bank in Canada.Analyst Ebrahim Poonawala recently said the bank's rise in provision for credit losses last quarter was a red flag for investors that overshadowed the bank's strong operating trends. While management was mostly optimistic in their commentary, Poonawala said investors are understandably concerned about the bank's credit, especially given the potential for its relatively high commercial loan growth to create near-term earnings volatility. For now, Poonawala said investors need to take a cautious approach to Bank of Montreal and take advantage of better risk-reward skews elsewhere in the banking group.Bank of America has an Underperform rating and $78 price target for BMO stock.Willis Towers Watson PLC (NASDAQ: WLTW) Willis is the third-largest insurance broker in the world.Analyst Jay Cohen recently said Willis' organic growth has been solid, including 6% revenue growth last quarter. However, margins have been disappointing, and its Benefits Delivery & Administration segment has struggled. Management has guided for between 4% and 5% organic growth in 2020. Since it was formed by the merger of Willis Group Holdings and Towers Watson in 2016, Cohen says Willis Towers Watson has struggled to generate consistent results.Bank of America has an Underperform rating and $198 price target for WLTW stock.Arch Capital Group Ltd. (NASDAQ: ACGL) Arch Capital is a global insurance, reinsurance and mortgage insurance with a focus on specialty lines.Cohen recently said Arch's fourth-quarter earnings beat was mostly due to a lower-than-expected tax rate. He said Arch's mortgage results have been relatively strong, but a more normalized mortgage credit environment will likely pressure margins. Cohen said Arch is a well-managed company with a growing mortgage insurance business. He also praised the company's pristine balance sheet and opportunistic reinsurance growth. However, at the stock's current valuation, he said there are plenty of opportunities elsewhere in the sector with more upside.Bank of America has an Underperform rating and $43 price target for ACGL stock.Shinhan Financial Group Co., Ltd. (NYSE: SHG) Shinhan Financial is the largest financial group in Korea.Analyst Bryan Song recently said Shinhan's non-bank subsidiaries are creating challenges and earnings risk for the parent company. He said rising credit card loss provisions combined with a macroeconomic slowdown in Korea and an increasingly tight credit environment for non-banks has created risk for investors given Shinhan is Korea's largest credit card issuer. Sing said Shinhan has done a decent job of controlling provision expansion in the past, but he expects a rise in delinquencies in the near future.Bank of America has an Underperform rating and $43 price target for SHG stock.W. R. Berkley Corp (NYSE: WRB) W.R. Berkley is a property/casualty insurance and reinsurance holding company.Cohen recently said W.R. Berkley is well-positioned to benefit from an improving pricing environment for P/C insurers, but the stock is fully valued at recent levels. Cohen has praised the company's impressive return on equity and high-quality product portfolio. However, he said there are plenty of better values within the insurance group given W.R. Berkley shares trade at a significant premium to peers.Bank of America has an Underperform rating and $65 price target for WRB stock.Latest Ratings for LYG DateFirmActionFromTo Feb 2020Credit SuisseInitiates Coverage OnNeutral Oct 2019CitigroupDowngradesBuyNeutral Feb 2019Morgan StanleyUpgradesEqual-WeightOverweight View More Analyst Ratings for LYG View the Latest Analyst Ratings See more from Benzinga * Wall Street Weighs In On General Electric's Investor Call, Coronavirus Impact * Here's How Much Investing 0 In Costco Stock Back In 2010 Would Be Worth Today * Huge Option Trades In Delta Air Lines On News Of Buffett Buying, Travel Concerns(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
W. R. Berkley Corporation (NYSE: WRB) announced today that William R. Berkley, its executive chairman and W. Robert Berkley, Jr., its president and chief executive officer, will present at the 2020 RBC Global Financial Institutions Conference in New York, NY. The presentation will take place on Tuesday, March 10, 2020 at 10:40 a.m. eastern time.
W. R. Berkley Corporation (NYSE:WRB) today announced the appointment of Maureen E. Hackett as president of Berkley Luxury Group, a Berkley Company. She succeeds William J. Johnston, who has been appointed chairman of Berkley Luxury Group. The appointments are effective immediately.
Today we'll take a closer look at W. R. Berkley Corporation (NYSE:WRB) from a dividend investor's perspective. Owning...