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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美東時間10月23日，多家華爾街大行更新了$WR柏克利 (WRB.US)$的評級，目標價介於56美元至76美元。
美銀證券分析師Joshua Shanker維持買入評級，維持目標價76美元。
巴克萊銀行分析師Alex Scott維持賣出評級，維持目標價56美元。
富國集團分析師Elyse Greenspan維持買入評級，維持目標價68美元。
TD Cowen分析師Andrew Kligerman維持買入評級，維持目標價68美元。
加皇資本市場分析師Scott Heleniak維持持有評級，並將目標價從57美元上調至63美元。
此外，綜合報道，$WR柏克利 (WRB.US)$近期主要分析師觀點如下：
W.R.伯克利在Q3業績公佈後，公司估值的提高歸因於倍增擴張。伯克利歷史上在同行多重估值方面一直有着顯著的溢價，這可能是由於其持續長期的資產增長超過其他表現優異的同行的結果。
公司的Q3業績被描述爲'穩定'，配比'良好'，即使在面對高額災難性損失的情況下也是如此。儘管增長舉措和科技投資導致費用率上升，並且保費增速從最近的速度放緩，管理層仍在各業務領域中認識到增長機會。
在W.R.伯克利披露超過預期的Q3每股營業利潤後，外界認爲這個季度令人滿意，但與其他公司業績預期相比，可能略顯不足。這歸因於保費增長低於預期以及保費增速加快的幅度有限。在特定保險類別中出現部分保費增長的跡象，但仍待觀察整個投保組合的費率是否將會上漲到足以滿足Q4預期增長的水平，因爲普遍輿論似乎與這種懷疑一致。
儘管外匯匯率的影響減少了五分之一，W.R.伯克利的每股收益與預期一致。公司保費增速較低，而基礎利潤超過預期，再加上分析師指出的適度的100萬美元的去年預留。
以下爲今日6位分析師對$WR柏克利 (WRB.US)$的最新投資評級及目標價：
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