10:45 AM EDT, 10/27/2025 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

We lift our target price by $5 to $80, valuing WRB at 15.8x our newly initiated 2027 operating EPS estimate of $5.05 and 17.2x our 2026 operating EPS of $4.65 (cut by $0.10), vs. WRBs' three-year avg. forward multiple of 14x and a peer avg. of 13x. We keep our $4.28 2025 EPS after WRB posted Q3 EPS of $1.10 (vs. $0.98) that topped our $1.07 EPS view, but we lower our Q4 EPS view by $0.03 to $1.12. We expect WRB to produce 8%-10% operating revenue growth in 2025 (down from our previous forecast of 8%-12% growth) on an expected 8%-10% rise in earned premiums, 7%-12% growth in investment income (down from a 12%-15% expected rise), and a 5%-10% rise in non-insurance revenues, which account for less than 5% of total revenues (up from an expected flat to 5% uptick). We applaud these results, which are at the upper end of peer avg., but we think these positive attributes are already reflected in WRB's current valuation. At current levels, WRB trades at 17.5x our 2025 EPS estimate, a premium to peer and historical avg.