Truist raised the firm’s price target on W. R. Berkley to $95 from $83 and keeps a Buy rating on the shares. The analyst cites the company’s Q4 earnings beat while boosting the firm’s FY24 EPS view by 30c to $6.20 to reflect healthy premium expansion along with greater net investment income. W. R. Berkley CEO also indicated that the specialty and E&S markets are particularly attractive with sustained strong submission growth and no sign that “the party is over”, the firm tells investors in a research note.
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Read More on WRB:
- WRB Earnings Report this Week: Is It a Buy, Ahead of Earnings?
- W. R. Berkley price target raised to $87 from $85 at BofA
- W. R. Berkley downgraded to In Line from Outperform at Evercore ISI
- W. R. Berkley downgraded to Sector Perform from Outperform at RBC Capital
- W. R. Berkley declares 50c per share special cash dividend
