W. R. Berkley (WRB) announced that its board of directors has increased the company’s share repurchase authorization to 25M shares of common stock. “The company’s focus continues to be on delivering value to shareholders through building book value as well as returning excess capital to shareholders through a variety of available methods. Repurchases may be made by the company from time to time at prevailing prices in the open market or in privately negotiated transactions, subject to market conditions and other factors,” it stated.
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Read More on WRB:
- W. R. Berkley price target lowered to $64 from $73 at Barclays
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- W. R. Berkley downgraded to Underperform from In Line at Evercore ISI
- W. R. Berkley price target raised to $76 from $73 at Keefe Bruyette
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