Mizuho raises W.R. Berkley stock price target on valuation roll

Mizuho raised its price target on W.R. Berkley Corp. shares to $73 from $70 on Monday, maintaining a Neutral rating on the insurance company. The firm highlighted that the company reported operating earnings per share of $1.17 for the third quarter of 2026, up 6% year-over-year, largely aligning with Street and Mizuho estimates.

Mizuho noted that an underwriting income beat was offset by a net investment income miss, with the $28.8 billion insurance company currently trading at a P/E ratio of 15.24. The underwriting beat was attributed to the Insurance underlying loss ratio, which is unlikely to repeat, and to Reinsurance catastrophe losses and prior-year development.

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