AllAnalyst Report
logoArgusAugust 03, 2022

W. R. Berkley Corporation: Launching coverage with a BUY rating and $72 target

Symbols
WRB
Sector(s)
Financial Services
Rating
Current Price
$66.39
Price Target
Earnings Estimate
Summary

Founded in 1967 and based in Greenwich, Connecticut, W.R. Berkley Corp. is among the largest commercial lines property casualty insurers in the U.S. WRB offers a variety of insurance services from reinsurance to workers comp third-party administration (TPA). The company has two segments - Insurance and Reinsurance. The Insurance segment offers coverage in the United States, the United Kingdom, Continental Europe, South America, Canada, Asia, and Australia. It also provides a variety of fee-based services, including claims, administrative, and consulting services. The Reinsurance segment, which helps other insurance companies and self-insured entities to manage risks through reinsurance, provides services in the U.S., the UK, Continental Europe, Australia, the Asia-Pacific Region, and South Africa.

Subscribe to Yahoo Finance Plus Essential for full access
Exclusive reports, detailed company profiles, and best-in-class trade insights to take your portfolio to the next level

Analyst Profile

John D. Staszak, CFA

Securities Analyst: Consumer Discretionary & Consumer Staples
John's specialty at Argus includes the gaming, lodging and restaurant groups within the Consumer Discretionary sector. John earned an MBA from the University of Texas and a BA in Economics from the University of Pennsylvania. In the financial services industry, he has worked as an analyst and consultant for firms including Standard & Poor's, the Bank of New York, Harris Nesbitt Gerard and Merrill Lynch. John is a CFA charterholder. Forbes magazine named John as the second-best stock picker among restaurant analysts in 2006. He was also ranked the second-best analyst covering the restaurant sector by the Wall Street Journal in 2007, a year in which a Financial Times/StarMine survey also ranked John that same way. In 2008, the Journal again listed John as an award winner, with a third-best designation among hotel industry analysts and a fifth-best designation among restaurant analysts.