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W. R. Berkley beat earnings forecasts despite a share reduction and a downgrade to "hold."
W. R. Berkley Co. (NYSE: WRB) saw a 9.6% reduction in shares held by Corient Private Wealth LLC, now owning 205,028 shares.
The company exceeded earnings expectations with $1.13 EPS, beating forecasts by $0.18.
StockNews.com downgraded the stock to a "hold" rating, with a consensus average target price of $64.36.
W. R. Berkley has a market cap of $24.14 billion and a PE ratio of 14.59.
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W. R. Berkley venció los pronósticos de ganancias a pesar de una reducción de acciones y un descenso de categoría a "retener".