Wells Fargo Cuts W. R. Berkley (WRB) Price Target to $65
Wells Fargo has reiterated its Underweight rating on W. R. Berkley, lowering the price target to $65, a 12.37% downside from the current price.
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Wells Fargo cut its price target on W. R. Berkley Corporation ($WRB) to $65 from $68 on October 12, 2026, and rates the stock "Underweight".
Since the rating, $WRB is up 3.5% to date (from the $72.90 close on Oct 12, 2026).
WRB
W. R. Berkley Corporation
Key Points
- On October 12, 2026, Wells Fargo reiterated its Underweight rating on W. R. Berkley Corporation, lowering the price target from $68 to $65.
- Wells Fargo's $65 price target implies 12.37% downside from W. R. Berkley Corporation's ($WRB) current $74.17 share price.
- As of October 16, 2026, W. R. Berkley shares were recently trading around $74.17, which is about 14.1% above the new target price.
- W. R. Berkley has a trailing twelve-month revenue of approximately $14.9 billion and an EPS of $4.86.
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Not investment advice. EarningsIQ is not a registered investment adviser, and this automated W. R. Berkley Corporation alert may contain errors. Disclosures
Wells Fargo reiterated its Underweight rating on W. R. Berkley Corporation (NYSE: WRB) on October 12, 2026, setting a new price target of $65, down from $68. The firm's analysis reflects a cautious stance on the stock as it trades above this new target.
Other Institutional Activity in W. R. Berkley Corporation
Mitsui Sumitomo Insurance Co Ltd holds the largest stake in W. R. Berkley, with 58,780,450 shares valued at about $4.43 billion. Other notable institutional investors include BlackRock Inc., which reduced its holdings by 1,345,597 shares, leaving it with 21,934,626 shares worth approximately $1.65 billion. Vanguard Capital Management LLC also saw a slight decrease, trimming its position by 234,678 shares to hold 18,690,969 shares valued at about $1.41 billion.
W. R. Berkley Corporation Stock Up 6.1%
As of October 16, 2026, W. R. Berkley shares traded at $74.17, which is about 14.1% above Wells Fargo's new price target of $65. The stock's position suggests it has been performing well, maintaining a premium over the target set by Wells Fargo.
$WRB price target
W. R. Berkley Corporation daily closes and this analyst's $65 target. Not advice.
Recent Earnings
For the trailing twelve months, W. R. Berkley reported revenue of approximately $14.9 billion and an EPS of $4.86. The company's next earnings report is scheduled for October 19, 2026.
Dividend
W. R. Berkley pays an annual dividend rate of $0.40 per share, resulting in a payout ratio of 7.6%.
Insider Buying and Selling at W. R. Berkley Corporation
Insider activity has shown significant buying from Mitsui Sumitomo Insurance Co., which purchased a total of 1,617,412 shares over several transactions between February 20 and March 3, 2026. These transactions reflect a strong commitment from a major stakeholder in the company.
Analysts Set New Price Targets
On October 12, 2026, Wells Fargo maintained its Underweight rating on W. R. Berkley with a price target of $65. Meanwhile, Mizuho recently maintained a Neutral rating with a target of $72, while Morgan Stanley kept an Equal-Weight rating with a target of $70. The consensus among analysts indicates a cautious outlook for the stock.
About W. R. Berkley Corporation
W. R. Berkley Corporation is an insurance holding company based in Greenwich, CT. It operates as a commercial line writer worldwide, focusing on various insurance segments, including excess and surplus lines and specialty personal lines. The company's performance is closely watched given its role in the financial services sector.
Bottom Line
Investors will be keenly observing the upcoming earnings report on October 19, 2026, to gauge the company's performance and outlook. With Wells Fargo's recent rating adjustment and the stock trading above the target, further developments may impact investor sentiment.
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Source: Wells Fargo's rating change on $WRB (Oct 12, 2026). Written by software, not financial advice. How we make alerts