On Oct 23, major Wall Street analysts update their ratings for $WR Berkley (WRB.US)$, with price targets ranging from $56 to $76.
BofA Securities analyst Joshua Shanker maintains with a buy rating, and maintains the target price at $76.
Barclays analyst Alex Scott maintains with a sell rating, and maintains the target price at $56.
Wells Fargo analyst Elyse Greenspan maintains with a buy rating, and maintains the target price at $68.
TD Cowen analyst Andrew Kligerman maintains with a buy rating, and maintains the target price at $68.
RBC Capital analyst Scott Heleniak maintains with a hold rating, and adjusts the target price from $57 to $63.
Furthermore, according to the comprehensive report, the opinions of $WR Berkley (WRB.US)$'s main analysts recently are as follows:
The increase in the firm's valuation for W. R. Berkley post-Q3 results is attributed to an expansion in multiples. It is noted that Berkley has historically commanded a significant premium in peer multiple valuation, which is likely a result of its consistent long-term growth in equity surpassing that of other top-performing peers.
The company's Q3 results were described as 'steady,' with 'solid' combined ratios, even in the face of elevated catastrophe losses. Despite the growth initiatives and investments in technology leading to a higher expense ratio, and the premium growth slowing from its recent pace, the management is still recognizing growth opportunities across various areas of the business.
After W. R. Berkley disclosed Q3 operating earnings per share that surpassed estimates, the perception is that the quarter was satisfactory, yet it may have slightly underperformed compared to expectations set by another company's results. This is attributed to less than anticipated net premium growth and minimal acceleration in rate increases. There is some indication of rate growth in specific insurance categories, but it remains to be seen if rates will rise sufficiently across the company's entire portfolio to meet the anticipated growth for Q4, as the general consensus seems to align with this skepticism.
W. R. Berkley's earnings per share aligned with expectations, despite a five-cent impact from foreign exchange. The company experienced lighter premium growth, while the underlying margin surpassed expectations, coupled with a modest $1 million of prior year development, as noted by analysts.
Here are the latest investment ratings and price targets for $WR Berkley (WRB.US)$ from 6 analysts:
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美东时间10月23日，多家华尔街大行更新了$WR柏克利 (WRB.US)$的评级，目标价介于56美元至76美元。
美银证券分析师Joshua Shanker维持买入评级，维持目标价76美元。
巴克莱银行分析师Alex Scott维持卖出评级，维持目标价56美元。
富国集团分析师Elyse Greenspan维持买入评级，维持目标价68美元。
TD Cowen分析师Andrew Kligerman维持买入评级，维持目标价68美元。
加皇资本市场分析师Scott Heleniak维持持有评级，并将目标价从57美元上调至63美元。
此外，综合报道，$WR柏克利 (WRB.US)$近期主要分析师观点如下：
W.R.伯克利第三季度业绩发布后，公司估值的增加归因于倍数的扩张。值得注意的是，伯克利在同行倍数估值中一直占据显著溢价，这可能是因为其持续的长期股权增长超过了其他表现优异的同行。
该公司第三季度业绩被描述为“稳健”，综合比率“稳定”，即使面临高额灾难损失。尽管增长举措和对科技的投资导致费用率升高，且保费增长速度有所放缓，管理层仍在认识到业务各个领域存在增长机会。
在W.R.伯克利披露超出预期的第三季度营运每股收益后，人们认为该季度令人满意，但可能略低于另一家公司成果设定的预期。这归因于保费增长低于预期和费率上涨加速不足。有一些迹象表明特定保险类别的费率增长，但尚不清楚是否各项费率能够在公司整个投保组合上足够上升以满足第四季度的预期增长，因为普遍共识似乎对此持怀疑态度。
W.R.伯克利的每股收益符合预期，尽管受到汇率期货之5分影响。公司经历了较轻的保费增长，而基础毛利超出预期，再加上一笔适中的100万美元去年业绩调整，正如分析师所指出的。
以下为今日6位分析师对$WR柏克利 (WRB.US)$的最新投资评级及目标价：
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