Street Calls of the Week
GREENWICH, Conn. - W. R. Berkley Corporation (NYSE:WRB) announced Wednesday that its Board of Directors has declared a regular quarterly cash dividend of 9 cents per share on its common stock. The dividend will be paid on September 30, 2025, to stockholders of record at the close of business on September 22, 2025. According to InvestingPro data, WRB has maintained dividend payments for 51 consecutive years, with a current dividend yield of 2.23%.
W. R. Berkley Corporation, founded in 1967, is an insurance holding company that operates in the property casualty insurance business through two segments: Insurance and Reinsurance & Monoline Excess. The company is among the largest commercial lines writers in the United States.
The announcement came through a press release statement issued by the company.
In other recent news, W. R. Berkley Corporation reported its second-quarter earnings for 2025, surpassing analyst expectations with an earnings per share (EPS) of $1.05, slightly above the forecasted $1.03. The company’s revenue matched forecasts at $3.1 billion, marking a record for net premiums earned. Despite these positive earnings results, Keefe, Bruyette & Woods lowered its price target for W. R. Berkley to $72.00 from $74.00, maintaining a Market Perform rating. The price target reduction was influenced by concerns over the company’s combined ratio.
Additionally, W. R. Berkley announced the formation of Berkley Edge, a new business unit focused on providing professional liability and casualty insurance for small to mid-sized businesses with challenging risk profiles. This new unit will offer coverage exclusively through wholesale brokers. Jamie Secor has been appointed president of Berkley Edge, bringing 25 years of industry experience to the role. These developments highlight the company’s strategic moves amid competitive pressures in the property market.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.