RBC Capital analyst Scott Heleniak raised the firm’s price target on W. R. Berkley to $79 from $73 and keeps a Sector Perform rating on the shares. The company’s Q4 results saw double-digit premium growth as W.R. Berkley continues to find opportunities for growth in targeted E&S and property lines, the analyst tells investors in a research note. The company’s capital return was meaningful in the quarter, while its core margins held steady, the firm added.
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