WRB
W. R. Berkley Corporation
NYSEUSDEQUITY
Financial Services
DELAYED
Neutral
+4/100
Last price
69.19
▼ 0.58 (0.83%)
MARKET · —
Price
Chart style
Interval
Intraday intervals only cover recent history. The site picks the finest interval the range allows.
Overlays
Session levels
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Both series are rebased to 0% at the left edge, so the lines show relative performance rather than price.
Tool
1D
—
H —
L —
Range —
Vol —
vs
Drag pan · Pinch zoom · Hold crosshair · pick a tool then drag to draw
Open
69.49
Prev close
69.77
Day high
70.87
Day low
69.48
Volume
3.08M
Market cap
$25.86B
P/E (TTM)
14.33
52W range
62.87 – 78.96
Day trading desk
Gap from prior close
-0.40%
Prior close 69.77
VWAP
69.91
-1.03% from price
Relative volume
2.28×
Unusually busy
Session range
2.43%
69.19 – 70.87
Position in range
0%
Near session low
ATR (14D)
1.27
1.83% of price
Prior day high
69.98
PDH
Prior day low
68.68
PDL
Bid / ask spread
—
Quote not published
Session volume
5.68M
Avg 2.49M
VWAP and the session figures are computed from the delayed intraday series on this page, so they lag the live tape and will not match a broker's real-time VWAP exactly. Turn on Prior day H/L/C, Opening range and Volume profile in the chart's Studies menu to see these levels drawn on price.
Trailing performance
Returnvs SPY
1W
+2.10%
+0.1%
1M
+0.74%
-0.4%
3M
-2.29%
-6.8%
6M
+4.45%
-13.7%
YTD
-0.67%
-14.9%
1Y
-9.38%
-25.8%
3Y
+64.55%
-17.7%
5Y
—
—
Price return only. Dividends are not reinvested, so total return on a dividend payer will be higher than shown.
Unusual options activity
Nothing crossed the thresholds in the expiries we scanned.
That is the normal state — most contracts trade well inside their existing open interest.
That is the normal state — most contracts trade well inside their existing open interest.
Contracts trading at or above their open interest, ranked by notional and where the print landed.
Free account
5 more panels on WRB open with an account.
Options chains and analytics, valuation ratios, insider filings, analyst targets and ownership. No card, no trial, nothing to cancel.
Insider net activity
Net shares
0
Net selling
Buy transactions
0
0 shares
Sell transactions
0
—
Net transactions
0
Buys less sells
Sell : buy shares
—
Not enough filings
Insider-held shares
102.44M
Total on file
Insider transactions
| Date | Insider | Action | Shares | Value | Held |
|---|---|---|---|---|---|
| Aug 3, 26 | WELT PHILIP S. Officer |
STOCK | 14.09K | $0 | Direct |
| Aug 3, 26 | BAIO RICHARD MARK Chief Financial Officer |
STOCK | 14.09K | $0 | Direct |
| Aug 3, 26 | SHIEL JAMES G Officer |
STOCK | 14.09K | $0 | Direct |
| Jun 3, 26 | AUGOSTINI CHRISTOPHER L Director |
STOCK | 3.09K | $0 | Direct |
| Jun 3, 26 | TALISMAN JONATHAN Director |
STOCK | 3.09K | $0 | Direct |
| Jun 3, 26 | MOSLEY DANIEL LYNN Director |
STOCK | 3.09K | $0 | Direct |
| Jun 3, 26 | MATTSON MARIE ANGELA Director |
STOCK | 3.09K | $0 | Direct |
| Jun 3, 26 | RUSBULDT ROBERT ALAN Director |
STOCK | 3.09K | $0 | Direct |
| Jun 3, 26 | FERRE MARIA LUISA Director |
STOCK | 3.09K | $0 | Direct |
| Jun 3, 26 | BERKLEY WILLIAM R Officer, Director and Beneficial Owner |
STOCK | 3.09K | $0 | Direct |
| Jun 3, 26 | FARRELL MARY C Director |
STOCK | 3.09K | $0 | Direct |
| Jun 3, 26 | BERKLEY WILLIAM ROBERT JR Chief Executive Officer |
STOCK | 3.09K | $0 | Direct |
| Jun 3, 26 | BLAYLOCK RONALD E Director |
STOCK | 3.09K | $0 | Direct |
| Mar 3, 26 | MITSUI SUMITOMO INSURANCE CO., LTD. Beneficial Owner of more than 10% of a Class of Security |
BUY | 258.18K | $18.75M | Indirect |
What this is, and what it is not
These are SEC Form 4 filings — officers, directors and 10% owners reporting their own trades in the company's stock. Filing is due within two business days of the transaction, so this lags reality by days, and the provider adds its own lag on top.
A sale is not automatically bearish. Executives sell on scheduled 10b5-1 plans, to cover tax on vesting equity, and to diversify. Purchases with cash are generally the more informative signal, and they are far rarer.
This does not include congressional or senate trading. That comes from STOCK Act disclosures filed with the Senate eFD system and the House Clerk, which this data source does not carry.
Officer and director trades in their own stock, straight from Form 4 filings.
Insider holders
| Name | Relation | Shares held | Latest |
|---|---|---|---|
AUGOSTINI CHRISTOPHER L |
Director | 109.86K | Stock Award(Grant) |
BAIO RICHARD MARK |
Chief Financial Officer | 249.68K | Stock Award(Grant) |
BERKLEY WILLIAM R |
Officer, Director and Beneficial Owner | 91.00M | Stock Award(Grant) |
BERKLEY WILLIAM ROBERT JR |
Chief Executive Officer | 72.97M | Stock Award(Grant) |
BLAYLOCK RONALD E |
Director | 147.94K | Stock Award(Grant) |
FARRELL MARY C |
Director | 160.97K | Stock Award(Grant) |
MITSUI SUMITOMO INSURANCE CO., LTD. |
Beneficial Owner of more than 10% of a Class of Security | — | Purchase |
SGAGLIONE LUCILLE T |
Officer | 249.78K | Stock Award(Grant) |
SHIEL JAMES G |
Officer | 1.02M | Stock Award(Grant) |
WELT PHILIP S. |
Officer | 239.17K | Stock Award(Grant) |
Fundamentals
Market cap$25.86B
Enterprise value$26.28B
Revenue (TTM)$14.90B
Gross profit$6.52B
EBITDA$2.58B
Net income$1.93B
EPS (TTM)$4.86
Free cash flow$3.05B
Total cash$3.90B
Total debt$3.10B
Book value / share$25.32
Shares outstanding371.23M
Float243.52M
Short % of float6.60%
Dividend yield0.57%
Beta (5Y)0.27
Valuation & profitability ratios
Trailing P/E14.33
Forward P/E14.27
PEG ratio4.59
Price / sales—
Price / book2.75
EV / revenue1.76
EV / EBITDA10.18
Gross margin43.79%
Operating margin16.39%
Profit margin12.94%
Return on equity20.21%
Return on assets3.56%
Debt / equity31.53
Current ratio0.41
Fourteen ratios including P/E, PEG, EV/EBITDA, margins and return on equity.
Financial statements
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Total revenue | $14.64B | $13.69B | $12.11B | $11.22B | +6.9% |
| Operating revenue | $14.64B | $13.69B | $12.11B | $11.22B | +6.9% |
| Net interest income | -$126.89M | -$126.91M | -$127.46M | -$130.37M | +0.0% |
| Pre-tax income | $2.28B | $2.26B | $1.75B | $1.72B | +0.7% |
| Tax provision | $495.76M | $509.92M | $370.56M | $334.73M | -2.8% |
| Net income | $1.78B | $1.76B | $1.38B | $1.38B | +1.3% |
| Net income to common | $1.78B | $1.76B | $1.38B | $1.38B | +1.3% |
| Basic EPS | 4.48 | 4.39 | 3.40 | 3.33 | +2.1% |
| Diluted EPS | 4.45 | 4.36 | 3.37 | 3.29 | +2.1% |
| EBIT | $2.41B | $2.39B | $1.88B | $1.85B | +0.7% |
| Basic shares | 396.97M | 399.73M | 406.50M | 415.28M | -0.7% |
| Diluted shares | 399.86M | 403.22M | 409.95M | 419.19M | -0.8% |
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Cash & equivalents | $2.54B | $1.97B | $1.36B | $1.45B | +28.6% |
| Cash & short-term investments | $27.56B | $24.33B | $21.49B | $18.99B | +13.3% |
| Accounts receivable | $6.97B | $6.88B | $6.95B | $6.20B | +1.3% |
| Property, plant & equipment | $596.24M | $478.51M | $426.80M | $423.23M | +24.6% |
| Goodwill & intangibles | $184.33M | $184.33M | $174.60M | $185.51M | 0.0% |
| Total assets | $44.07B | $40.57B | $37.20B | $33.86B | +8.6% |
| Current debt | — | — | $5.40M | $5.40M | — |
| Long-term debt | $2.84B | $2.84B | $2.84B | $2.83B | -0.0% |
| Total debt | $2.84B | $2.84B | $2.84B | $2.84B | -0.0% |
| Total liabilities | $34.36B | $32.16B | $29.73B | $27.09B | +6.8% |
| Retained earnings | $13.34B | $12.27B | $11.04B | $10.16B | +8.8% |
| Shareholder equity | $9.70B | $8.40B | $7.46B | $6.75B | +15.6% |
| Net tangible assets | $9.52B | $8.21B | $7.28B | $6.56B | +15.9% |
| Shares issued | 793.52M | 793.52M | 793.52M | 793.52M | 0.0% |
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Net income | $1.78B | $1.76B | $1.38B | $1.38B | +1.3% |
| Depreciation & amortisation | -$48.13M | -$170.64M | -$20.86M | $55.87M | +71.8% |
| Stock-based compensation | $54.52M | $54.38M | $51.00M | $49.41M | +0.3% |
| Change in working capital | $1.95B | $2.15B | $1.58B | $1.43B | -9.1% |
| Operating cash flow | $3.58B | $3.68B | $2.93B | $2.57B | -2.6% |
| Capital expenditure | -$169.99M | -$105.62M | -$53.08M | -$52.68M | -60.9% |
| Investing cash flow | -$2.03B | -$2.18B | -$1.96B | -$1.89B | +7.1% |
| Share buybacks | -$270.22M | -$303.65M | -$537.16M | -$94.14M | +11.0% |
| Dividends paid | -$700.27M | -$531.95M | -$501.46M | -$235.19M | -31.6% |
| Financing cash flow | -$1.03B | -$852.49M | -$1.06B | -$771.99M | -20.4% |
| Free cash flow | $3.41B | $3.57B | $2.88B | $2.52B | -4.5% |
| End cash position | $2.54B | $1.97B | $1.36B | $1.45B | +28.6% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Total revenue | $3.71B | $3.71B | $3.72B | $3.78B | $3.62B | +0.2% |
| Operating revenue | $3.71B | $3.71B | $3.72B | $3.78B | $3.62B | +0.2% |
| Net interest income | -$31.73M | -$31.71M | -$31.63M | -$31.76M | -$31.78M | -0.1% |
| Pre-tax income | $575.20M | $616.10M | $571.96M | $648.11M | $521.86M | -6.6% |
| Tax provision | $122.89M | $100.52M | $117.21M | $136.14M | $121.16M | +22.3% |
| Net income | $452.26M | $515.22M | $449.51M | $511.03M | $401.29M | -12.2% |
| Net income to common | $452.26M | $515.22M | $449.51M | $511.03M | $401.29M | -12.2% |
| Basic EPS | 1.16 | 1.31 | 1.13 | 1.29 | 1.01 | -11.5% |
| Diluted EPS | 1.15 | 1.31 | 1.13 | 1.28 | 1.00 | -12.2% |
| EBIT | $606.93M | $647.81M | $603.59M | $679.87M | $553.64M | -6.3% |
| Basic shares | 389.16M | 392.26M | 396.71M | 397.22M | 397.02M | -0.8% |
| Diluted shares | 391.80M | 394.78M | 399.13M | 400.20M | 400.37M | -0.8% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Cash & equivalents | $2.61B | $2.28B | $2.54B | $2.40B | $1.98B | +14.3% |
| Cash & short-term investments | $28.49B | $27.76B | $27.56B | $27.32B | $26.05B | +2.6% |
| Accounts receivable | $7.40B | $7.03B | $6.97B | $7.12B | $7.39B | +5.3% |
| Property, plant & equipment | $566.95M | $567.12M | $596.24M | $492.80M | $490.12M | -0.0% |
| Goodwill & intangibles | $184.33M | $184.33M | $184.33M | $184.33M | $184.33M | 0.0% |
| Total assets | $45.68B | $44.32B | $44.07B | $43.72B | $42.66B | +3.1% |
| Long-term debt | $2.84B | $2.84B | $2.84B | $2.84B | $2.84B | -0.0% |
| Total debt | $2.84B | $2.84B | $2.84B | $2.84B | $2.84B | -0.0% |
| Total liabilities | $35.83B | $34.56B | $34.36B | $33.91B | $33.35B | +3.7% |
| Retained earnings | $14.06B | $13.83B | $13.34B | $13.31B | $12.83B | +1.7% |
| Shareholder equity | $9.83B | $9.74B | $9.70B | $9.80B | $9.29B | +1.0% |
| Net tangible assets | $9.65B | $9.56B | $9.52B | $9.61B | $9.11B | +1.0% |
| Shares issued | 371.06M | 793.52M | 793.52M | 793.52M | 793.52M | -53.2% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | YoY |
|---|---|---|---|---|---|---|---|
| Net income | $452.26M | $515.22M | $449.51M | $511.03M | $401.29M | — | -12.2% |
| Depreciation & amortisation | -$22.14M | -$15.47M | -$15.30M | -$9.07M | -$13.97M | — | -43.1% |
| Stock-based compensation | $15.77M | $13.23M | $13.90M | $13.13M | $15.06M | — | +19.1% |
| Change in working capital | $327.70M | $178.27M | $515.58M | $708.21M | $360.24M | — | +83.8% |
| Operating cash flow | $800.05M | $667.86M | $995.13M | $1.14B | $703.81M | — | +19.8% |
| Capital expenditure | — | — | -$116.26M | -$16.94M | -$20.59M | -$16.20M | — |
| Investing cash flow | -$360.99M | -$588.59M | -$243.08M | -$627.62M | -$234.21M | — | +38.7% |
| Share buybacks | -$111.49M | -$302.43M | -$196.39M | -$24.63M | $0 | — | +63.1% |
| Dividends paid | $0 | -$33.70M | -$411.90M | -$34.19M | -$223.84M | — | +100.0% |
| Financing cash flow | -$127.70M | -$339.11M | -$618.06M | -$95.26M | -$231.71M | — | +62.3% |
| Free cash flow | $800.05M | $667.86M | $878.88M | $1.12B | $683.21M | — | +19.8% |
| End cash position | $2.61B | $2.28B | $2.54B | $2.40B | $1.98B | — | +14.3% |
Options analytics
Put / call volume
0.54
Call-heavy session
Put / call open interest
0.34
Positioning, not flow
Max pain
65.00
-6.7% from spot
ATM implied vol
0.0%
Nearest strike to spot
Skew (10% OTM)
0.0%
Calls bid over puts
Call volume
150
Contracts, this expiry
Put volume
81
Contracts, this expiry
Heaviest call OI
70.00
191 contracts
Heaviest put OI
65.00
194 contracts
Max pain is the strike at which the largest dollar value of open contracts expires worthless. It describes current positioning; it is not a forecast and it moves as open interest changes.
Put/call ratios, max pain, implied volatility skew and where open interest is concentrated.
Earnings
Reported vs expected · EPS
| Quarter | Est. | Actual | Surprise |
|---|---|---|---|
| Jun 2026 | 1.08 | 1.27 | +17.3% |
| Mar 2026 | 1.14 | 1.30 | +14.1% |
| Dec 2025 | 1.12 | 1.13 | +0.4% |
| Sep 2025 | 1.10 | 1.10 | -0.3% |
Forward consensus
| Period | EPS | Analysts | Revenue | Growth |
|---|---|---|---|---|
| Current quarter | 1.14 | 16 | $3.23B | +2.2% |
| Next quarter | 1.22 | 15 | $3.25B | +2.1% |
| Current year | 4.91 | 18 | $12.80B | +2.8% |
| Next year | 4.88 | 18 | $13.29B | +3.9% |
Analyst targets & ownership
Mean target$69.06
High target$83.00
Low target$51.00
Implied upside-0.19%
Analyst count17
ConsensusHOLD
Strong buy / Buy0 / 2
Hold9
Sell / Strong sell4 / 3
Held by insiders26.36%
Held by institutions76.19%
Institutions holding1.28K
Price targets, consensus spread, insider and institutional ownership.
Moving averages & technicals
SMA 10
68.25
+1.38% from price
SMA 20
69.08
+0.83% from price
SMA 50
69.86
-0.30% from price
SMA 100
69.53
-0.50% from price
SMA 200
68.90
+1.08% from price
EMA 12
68.82
+0.53% from price
EMA 26
69.03
+0.23% from price
EMA 50
69.38
-0.28% from price
RSI (14)
53.9
Neutral
MACD (12,26,9)
-0.21
Hist 0.19
ATR (14)
1.27
1.82% of price
Realised vol 30D
16.0%
Annualised
Bollinger upper
71.53
20, 2σ
Bollinger lower
66.62
20, 2σ
50 / 200 cross
Golden
69.86 vs 68.90
Trend bias
Above 200
+1.08%
Options chain
Calls
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Puts
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Every listed expiry, both sides of the book, with volume, open interest and implied volatility.
Risk profile
Beta vs SPY
-0.31
Less volatile than market
Correlation to SPY
-0.18
Largely independent
Realised vol 30D
16.0%
Annualised
Market vol 1Y
13.0%
SPY, annualised
Max drawdown 1Y
-19.0%
Peak to trough
Max drawdown 5Y
-27.0%
Peak to trough
ATR 14
1.27
1.82% of price
Beta (reported)
0.27
5Y monthly, from filing
Short interest
Shares short
15.46M
Prior 14.86M
Change vs prior
+4.0%
Shorts adding
% of float
6.60%
Normal
% of shares out
4.16%
Against total outstanding
Days to cover
7.4
Crowded exit
Float
243.52M
Freely tradeable shares
Exchanges publish short interest twice a month with a settlement lag, so this is roughly two weeks behind. Days to cover divides shares short by average daily volume — it estimates how long covering would take, not whether it will happen.
Rating changes
| Date | Firm | Action | From | To |
|---|---|---|---|---|
| Oct 6, 26 | Morgan Stanley | MAINTAINED | Equal-Weight | Equal-Weight |
| Sep 16, 26 | Mizuho | MAINTAINED | Neutral | Neutral |
| Jul 27, 26 | UBS | MAINTAINED | Neutral | Neutral |
| Jul 21, 26 | Wells Fargo | MAINTAINED | Underweight | Underweight |
| Jul 21, 26 | Truist Securities | MAINTAINED | Buy | Buy |
| Jul 21, 26 | Mizuho | MAINTAINED | Neutral | Neutral |
| Jul 16, 26 | B of A Securities | DOWNGRADE | Neutral | Underperform |
| Jul 10, 26 | Evercore ISI Group | MAINTAINED | Underperform | Underperform |
| Jul 9, 26 | Wells Fargo | MAINTAINED | Underweight | Underweight |
| Jul 9, 26 | Cantor Fitzgerald | MAINTAINED | Neutral | Neutral |
| Jul 9, 26 | Mizuho | MAINTAINED | Neutral | Neutral |
| Jul 8, 26 | Keefe, Bruyette & Woods | MAINTAINED | Market Perform | Market Perform |
Dividends & splits
Forward rate$0.40 / yr
Forward yield0.57%
5-year avg yield0.54%
Payout ratio7.60%
Ex-dividend dateSep 21, 2026
Next pay dateSep 30, 2026
Last split3:2
Split dateJul 11, 2024
SEC filings
Annual Report of Proxy Voting Record of Registered Management Investment Companies filed on Form N-PX
N-PX · 2026-08-26
Periodic Financial Reports
10-Q · 2026-07-31
Corporate Changes & Voting Matters
8-K · 2026-07-20
Corporate Changes & Voting Matters
8-K · 2026-06-26
Annual report of employee stock purchase
11-K · 2026-06-25
Corporate Changes & Voting Matters
8-K · 2026-06-11
Corporate Changes & Voting Matters
8-K · 2026-06-10
Corporate Changes & Voting Matters
8-K · 2026-06-05
Headlines
AFG's Specialty Focus to Drive Above-Market Premium Growth
Zacks · 16h ago
American Financial Outperforms Industry in a Year: Time to Hold?
Zacks · 2d ago
Morgan Stanley Adjusts Price Target on W. R. Berkley to $70 From $75, Keeps Equalweight Rating
MT Newswires · 2d ago
3 Market-Beating Stocks to Research Further
StockStory · 5d ago
SIGI Outperforms Industry: A Signal for Investors to Hold Tight?
Zacks · 6d ago
BofA Adjusts Price Target on W. R. Berkley to $66 From $69
MT Newswires · 6d ago
BMO Capital Adjusts Price Target on W. R. Berkley to $69 From $68, Keeps Market Perform Rating
MT Newswires · 6d ago
Goldman Sachs Adjusts Price Target on W. R. Berkley to $79 From $78, Keeps Buy Rating
MT Newswires · 6d ago
PRIVATE STRATEGY · BY QUALIFICATION
The same data. A different seat.
The research you are reading is the input layer for a discretionary options program we run for a small number of qualified investors. Minimum $1,000,000.