Wells Fargo analyst Elyse Greenspan lowered the firm’s price target on W. R. Berkley (WRB) to $66 from $69 and keeps an Equal Weight rating on the shares. The firm notes W. R. Berkley printed EPS of $1.10 missing its $1.17 and Street’s $1.11 due to a higher underlying loss ratio and lower investment income. Premium growth fell short and margins missed Wells on cats/AY.
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