Barclays analyst Alex Scott raised the firm’s price target on W. R. Berkley (WRB) to $64 from $62 and keeps an Underweight rating on the shares post the Q1 report. The company reported an earnings beat, driven by stronger underwriting margins and investment income, offsetting weaker premium growth from reinsurance, the analyst tells investors in a research note.
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Read More on WRB:
- W. R. Berkley: Strong 1Q Beat and Capital Returns but Mixed Growth Limit Upside, Justifying Hold Rating
- W. R. Berkley reports Q1 operating EPS $1.30, consensus $1.14
- Is WRB a Buy, Before Earnings?
- W. R. Berkley price target lowered to $67 from $68 at BofA
- Cantor downgrades W. R. Berkley on 2026 growth challenges