W. R. Berkley Corporation (WRB)’s Trend Up, Especially After Today’s Record High Milestone

April 24, 2018 - By Adrian Mccoy

W. R. Berkley Corporation (NYSE:WRB) Logo

The stock of W. R. Berkley Corporation (NYSE:WRB) reached all time high today, Apr, 24 and still has $78.56 target or 6.00 % above today’s $74.11 share price. This indicates more upside for the $9.01B company. This technical setup was reported by Barchart.com. If the $78.56 PT is reached, the company will be worth $540.42M 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.

The stock decreased 0.78% or $0.58 during the last trading session, reaching $74.11. About 266,348 shares traded. W. R. Berkley Corporation (NYSE:WRB) has risen 2.17% since April 24, 2017 and is uptrending. It has underperformed by 9.38% the S&P500.

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

Among 5 analysts covering WR Berkley (NYSE:WRB), 0 have Buy rating, 1 Sell and 4 Hold. Therefore 0 are positive. WR Berkley had 7 analyst reports since October 25, 2017 according to SRatingsIntel. The stock has “Sell” rating by UBS on Wednesday, October 25. The rating was maintained by Deutsche Bank on Wednesday, October 25 with “Hold”. The stock has “Hold” rating by RBC Capital Markets on Wednesday, January 31. The stock of W. R. Berkley Corporation (NYSE:WRB) has “Hold” rating given on Thursday, December 21 by Keefe Bruyette & Woods. Bank of America maintained it with “Neutral” rating and $74 target in Wednesday, October 25 report. The firm has “Hold” rating given on Monday, December 4 by Keefe Bruyette & Woods. The firm has “Hold” rating given on Wednesday, January 31 by Keefe Bruyette & Woods.

W. R. Berkley Corporation, an insurance holding company, operates as commercial lines writer in the United States and internationally. The company has market cap of $9.01 billion. It operates through two divisions, Insurance and Reinsurance. It has a 17.4 P/E ratio. The Insurance segment underwrites insurance business, including premises operations, commercial automobile, property, products liability, and professional liability lines.

W. R. Berkley Corporation (NYSE:WRB) Institutional Positions Chart

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.