Live Stock Coverage: Today W. R. Berkley Corp Stock Reaches 52-Week High

Live Stock Coverage: Today W. R. Berkley Corp Stock Reaches 52 Week High

The stock of W. R. Berkley Corp (NYSE:WRB) hit a new 52-week high and has $73.93 target or 22.00% above today’s $60.60 share price. The 5 months bullish chart indicates low risk for the $7.55B company. The 1-year high was reported on Nov, 21 by Barchart.com. If the $73.93 price target is reached, the company will be worth $1.66 billion more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 125,173 shares traded hands. W. R. Berkley Corp (NYSE:WRB) has risen 7.05% since April 19, 2016 and is uptrending. It has outperformed by 3.19% the S&P500.

W. R. Berkley Corp (NYSE:WRB) Ratings Coverage

Out of 5 analysts covering W.R. Berkley (NYSE:WRB), 0 rate it a “Buy”, 0 “Sell”, while 5 “Hold”. This means 0 are positive. W.R. Berkley has been the topic of 7 analyst reports since July 28, 2015 according to StockzIntelligence Inc. RBC Capital Markets maintained the shares of WRB in a report on Wednesday, February 3 with “Sector Perform” rating. The firm has “Neutral” rating by Compass Point given on Tuesday, October 13. The stock has “Sector Perform” rating given by RBC Capital Markets on Tuesday, July 28. The stock of W. R. Berkley Corp (NYSE:WRB) earned “Equal-Weight” rating by Morgan Stanley on Thursday, January 21. The firm earned “Neutral” rating on Tuesday, July 28 by Compass Point. The stock of W. R. Berkley Corp (NYSE:WRB) earned “Neutral” rating by Goldman Sachs on Tuesday, November 15.

According to Zacks Investment Research, “W. R. Berkley Corporation is an insurance holding company, which through its subsidiaries, operates in all segments of the property casualty insurance business: regional property casualty insurance; reinsurance; specialty lines of insurance; alternative markets; and international. The company’s regional insurance operations are conducted primarily in the Midwestern, Southern and Northeastern sections of the United States. Reinsurance, specialty insurance and alternative markets operations are conducted nationwide.”

More notable recent W. R. Berkley Corp (NYSE:WRB) news were published by: Businesswire.com which released: “W. R. Berkley Corporation Forms Berkley Cyber Risk Solutions” on November 17, 2016, also Insurancejournal.com with their article: “WR Berkley Forms Cyber Risk Unit with Chubb’s Vispoli at Helm” published on November 21, 2016, Prnewswire.com published: “W. R. Berkley Corporation Names Jared E. Abbey Senior Vice President” on June 16, 2016. More interesting news about W. R. Berkley Corp (NYSE:WRB) were released by: Prnewswire.com and their article: “W. R. Berkley Corporation Announces Sale Of Wholly-Owned Investment” published on July 18, 2016 as well as Businesswire.com‘s news article titled: “WR Berkley Corporation Forms Berkley Transactional” with publication date: September 06, 2016.

WRB Company Profile

W. R. Berkley Corporation, incorporated on January 20, 1970, is an insurance holding company. The Firm operates in the three divisions of the property casualty insurance business: Insurance-Domestic, Insurance-International and Reinsurance-Global. The Company’s Insurance-Domestic segment includes commercial insurance business, including excess and surplus lines and admitted lines, primarily throughout the United States. The Company’s Insurance-International segment includes insurance business primarily in the United Kingdom, Continental Europe, South America, Canada, Scandinavia, Asia, and Australia. The Company’s Reinsurance-Global segment includes reinsurance business on a facultative and treaty basis, primarily in the United States, the United Kingdom, Continental Europe, Australia, the Asia-Pacific Region and South Africa.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Leave a Comment