W. R. Berkley Corporation Buyback
OLI recorded this information on 8/8/2017
Company: |
W. R. Berkley Corporation |
Buyback: |
WRB buyback |
Share Amount Authorized: |
10,000,000 |
Buyback Details: |
W. R. Berkley Corporation (NYSE:WRB) announced today that its Board of Directors has declared a regular quarterly cash dividend on its common stock of 14 cents per share to be paid on October 4, 2017 to stockholders of record at the close of business on September 20, 2017. In addition, the Board of Directors has increased the Company's share repurchase authorization back to its previous level of 10 million shares of common stock. The 10 million share repurchase authorization represents approximately 8 percent of the Company's shares outstanding at June 30, 2017. The Company's focus continues to be on delivering value to shareholders through building book value as well as returning excess capital to shareholders through a variety of available methods. Repurchases may be made by the Company from time to time at prevailing prices in the open market or in privately negotiated transactions, subject to market conditions and other factors. |
W. R. Berkley Corporation is an insurance holding company. Co. operates through two segments of the property casualty insurance business. Its Insurance segment underwrites predominantly commercial insurance business, including excess and surplus lines, admitted lines and specialty personal lines throughout the U.S., as well as insurance business in Asia, Australia, Canada, Continental Europe, Mexico, Scandinavia, South America and the United Kingdom. Its Insurance segment consists of business units, including Acadia Insurance, Admiral Insurance, Berkley Accident and Health, Berkley Agribusiness and others.
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Preferreds: WRB.PRA, WRB.PRB, WRB.PRC, WRB.PRD, WRB.PRE
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