W. R. Berkley Corporation’s (WRB) Fourth-Quarter Review
By Benzinga Staff
February 09, 2010 4:53 PM
February 09, 2010 4:53 PM
Symbols: WRB
Tags: RBC Capital Markets
Analysts at RBC Capital Markets have released an update on W. R. Berkley Corporation (NYSE: WRB). The company has reported results for the fourth-quarter.
W. R. Berkley Corporation reported operating EPS of $0.71 for the fourth-quarter, which came in ahead of analysts’ estimate of $0.64, and consensus of $0.67. The company reported a decline of 7% in net written premiums. Analysts had expected a 1% decline.
The company also bought back 4.6 million shares in the quarter. The company has also increased its share buyback authorization to 11.5 million shares.
Analysts at RBC Capital Markets have maintained an Outperform rating for W.R. Berkley Corporation.
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