The stock of W. R. Berkley Corp (NYSE:WRB) reached all time high today, Nov, 30 and still has $64.68 target or 4.00% above today’s $62.19 share price. This indicates more upside for the $7.58B company. This technical setup was reported by Barchart.com. If the $64.68 PT is reached, the company will be worth $303.20M more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 65,450 shares traded hands. W. R. Berkley Corp (NYSE:WRB) has risen 9.26% since April 27, 2016 and is uptrending. It has outperformed by 4.03% the S&P500.
Analysts await W. R. Berkley Corp (NYSE:WRB) to report earnings on February, 7. They expect $0.86 EPS, down 3.37% or $0.03 from last year’s $0.89 per share. WRB’s profit will be $104.82M for 18.08 P/E if the $0.86 EPS becomes a reality. After $0.88 actual EPS reported by W. R. Berkley Corp for the previous quarter, Wall Street now forecasts -2.27% negative EPS growth.
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. Morgan Stanley upgraded W. R. Berkley Corp (NYSE:WRB) rating on Thursday, January 21. Morgan Stanley has “Equal-Weight” rating and $52 price target. The stock has “Neutral” rating given by Goldman Sachs on Tuesday, November 15. The firm earned “Neutral” rating on Tuesday, October 13 by Compass Point. RBC Capital Markets maintained W. R. Berkley Corp (NYSE:WRB) on Tuesday, July 28 with “Sector Perform” rating. Compass Point maintained the stock with “Neutral” rating in Tuesday, July 28 report. The rating was maintained by RBC Capital Markets with “Sector Perform” on Wednesday, February 3.
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 recent W. R. Berkley Corp (NYSE:WRB) news were published by: Prnewswire.com which released: “W. R. Berkley Corporation Names Jared E. Abbey Senior Vice President” on June 16, 2016. Also Businesswire.com published the news titled: “WR Berkley Corporation Forms Berkley Transactional” on September 06, 2016. Prnewswire.com‘s news article titled: “W. R. Berkley Corporation Announces Sale Of Wholly-Owned Investment” with publication date: July 18, 2016 was also an interesting one.
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.
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