W.R. Berkley stock price target raised to $84 by Truist Securities

Investing.com - Truist Securities raised its price target on W.R. Berkley (NYSE:WRB) to $84.00 from $80.00 on Tuesday, while maintaining a Buy rating on the specialty property and casualty insurer. According to InvestingPro data, the company maintains a "GREAT" financial health score and appears slightly undervalued based on its Fair Value analysis.

The price target increase comes after W.R. Berkley’s third-quarter earnings per share came in mostly in line with expectations, though results were restrained by catastrophe losses and net investment income.

Truist Securities noted more cautious comments regarding the company’s top-line performance in its analysis of the quarterly results.

The research firm slightly increased its full-year 2025 earnings per share estimate to $4.27 from $4.25, while maintaining its 2026 forecast of $4.80 per share.

The new $84 target assumes stock appreciation in line with bottom-line gains and that the price-to-earnings ratio remains at just over 17x earnings, which is a half point ahead of the specialty property and casualty insurance sector’s current-year average.

In other recent news, W.R. Berkley Corporation reported impressive third-quarter 2025 earnings, with earnings per share reaching $1.28, surpassing the forecasted $1.10. The company’s revenue also exceeded expectations, coming in at $3.77 billion compared to the anticipated $3.16 billion. Despite these strong results, Wells Fargo has lowered its price target for W.R. Berkley to $66 due to concerns over weaker growth, citing a higher underlying loss ratio and lower investment income. Similarly, Jefferies reduced its price target to $75, maintaining a Hold rating after the company’s operating earnings per share missed their estimate. UBS has reiterated its Buy rating with a price target of $87, although it anticipates a "neutral to modestly negative reaction" to the earnings report. Cantor Fitzgerald maintained an Overweight rating with a price target of $82, noting that W.R. Berkley is favorably positioned compared to its industry peers. These developments highlight the mixed analyst responses to W.R. Berkley’s recent financial performance.

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