BGB Securities Comments on W.R. Berkley

BGB Securities provided color on W.R. Berkley WRB in a research report published today. BGB Securities has previously given W.R. Berkley a Buy rating and $39 price target. In the report, BGB Securities states, "Despite 2Q11 storms, and depending on how the Street calculates operating earnings, WRB may have outperformed the consensus estimate. Slightly higher pricing in certain lines of business and in certain geographies coupled with new business initiatives that have taken hold are allowing WRB to grow premiums at a faster pace than we had anticipated." Shares of W.R. Berkley were trading at $32.75 at the time of posting, up 2.50% from Monday's market close.