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WR Berkley Corp WRB

Morningstar Rating
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Stock XNYS Rating as of
$54.07 +1.60 (3.05%)
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As of Delayed Price Closed
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Company Report

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W.R. Berkley Earnings: Another Strong Showing Due to Industry Tailwinds

Brett Horn

Narrow-moat W.R. Berkley’s second-quarter results were strong in an absolute sense and roughly in line with what we’ve seen from the company over the past few quarters. Management’s approach is designed to fully exploit favorable market periods, and we’re pleased to see the company executing on the current opportunity. Annualized ROE for the quarter came in at 20%. We will maintain our $49 fair value estimate and see shares as about fairly valued. While we think the near-term outlook remains bright, we believe the current market price fully reflects that.

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Price vs Fair Value

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WRB is trading within a range we consider fairly valued.
Price
$54.07
Fair Value
$13.00
Uncertainty
Medium
1-Star Price
$63.46
5-Star Price
$73.50
Economic Moat
Hqwlnd
Capital Allocation
Vkmczjnvkq

Bulls Say, Bears Say

Bulls

A decentralized operating structure allows Berkley to develop expertise in a number of profitable niche fields.

Bears

The company's reinsurance operations are a drag on overall results.

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News

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Trading Information

Previous Close Price
$52.47
Day Range
$52.64–54.16
52-Week Range
$40.25–59.46
Bid/Ask
$52.89 / $54.98
Market Cap
$20.58 Bil
Volume/Avg
1.4 Mil / 1.7 Mil

Key Statistics

Price/Earnings (Normalized)
14.75
Price/Sales
1.71
Dividend Yield (Trailing)
0.55%
Dividend Yield (Forward)
0.59%
Total Yield
2.51%

Company Profile

W.R. Berkley is an insurance holding company with a host of subsidiaries that primarily underwrite commercial casualty insurance. The firm specializes in niche products that include various excess and surplus lines, workers' compensation insurance, self-insurance consulting, reinsurance, and regional commercial lines for small and midsize businesses.
Sector
Financial Services
Industry
Insurance - Property & Casualty
Stock Style Box
Mid Core
Total Number of Employees
8,186
Website
https://www.wrberkley.com

Competitors

Valuation

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Metric
WRB
AIG
MKL
Price/Earnings (Normalized)
 14.7511.1625.82
Price/Book Value
 2.651.191.39
Price/Sales
 1.711.131.29
Price/Cash Flow
 15.345.216.85
Price/Earnings
WRB
AIG
MKL

Financial Strength

Metric
WRB
AIG
MKL
Quick Ratio
 ———
Current Ratio
 ———
Interest Coverage
 16.336.6419.35
Quick Ratio
No chart available

Profitability

Metric
WRB
AIG
MKL
Return on Assets (Normalized)
 4.13%1.60%4.87%
Return on Equity (Normalized)
 20.74%20.12%18.75%
Return on Invested Capital (Normalized)
 15.82%4.07%14.58%
Return on Assets
WRB
AIG
MKL
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Insurance - Property & Casualty Industry Comparables

Screen With Investor
1-Day Chart
Name
Price
Morningstar Rating for Stocks
Capital Allocation
Economic Moat
Market Cap
Progressive Corp
PGR
WnnnclyjCwklgzf$126.3 Bil
 Chubb Ltd
CB
GnfvpxsZjlttj$109.1 Bil
 Tokio Marine Holdings Inc ADR
TKOMY
ZzskjkvspQtzh$71.0 Bil
 Tokio Marine Holdings Inc
TKOMF
—Nwb$71.0 Bil
 The Travelers Companies Inc
TRV
YxrzwlsmBysbc$48.7 Bil
 Allstate Corp
ALL
TcnmnnjGglc$44.6 Bil
 MS&AD Insurance Group Holdings Inc
MSADF
—Kkq$34.4 Bil
 MS&AD Insurance Group Holdings Inc ADR
MSADY
—Tdzp$34.4 Bil
 Markel Group Inc
MKL
VcxyjmvhbTsc$21.0 Bil

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