W.R. Berkley Corp. [NYSE: WRB] price surged by 7.18 percent to reach at $5.58. The company report on January 24, 2024 at 4:10 PM that W. R. Berkley Corporation Reports Fourth Quarter and Full Year 2023 Results.
Fourth Quarter Return on Equity of 23.6% and Operating Return on Equity of 23.2%;.
Record Quarterly and Annual Pre-Tax Underwriting Income and Net Investment Income.
The one-year WRB stock forecast points to a potential upside of 0.45. The average equity rating for WRB stock is currently 1.94, trading closer to a bullish pattern in the stock market.
Guru’s Opinion on W.R. Berkley Corp. [WRB]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for WRB shares is $83.65 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on WRB stock is a recommendation set at 1.94. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Evercore ISI have made an estimate for W.R. Berkley Corp. shares, keeping their opinion on the stock as In-line, with their previous recommendation back on January 09, 2024.
The Average True Range (ATR) for W.R. Berkley Corp. is set at 1.64, with the Price to Sales ratio for WRB stock in the period of the last 12 months amounting to 1.77. The Price to Book ratio for the last quarter was 2.87. Price to Free Cash Flow for WRB in the course of the last twelve months was 7.05.
WRB Stock Performance Analysis:
W.R. Berkley Corp. [WRB] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 11.95. With this latest performance, WRB shares gained by 18.60% in over the last four-week period, additionally plugging by 36.81% over the last 6 months – not to mention a rise of 19.40% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for WRB stock in for the last two-week period is set at 84.08, with the RSI for the last a single of trading hit 89.69, and the three-weeks RSI is set at 78.66 for W.R. Berkley Corp. [WRB]. The present Moving Average for the last 50 days of trading for this stock 72.16, while it was recorded at 78.03 for the last single week of trading, and 64.15 for the last 200 days.
Insight into W.R. Berkley Corp. Fundamentals:
W.R. Berkley Corp.’s liquidity data is similarly interesting compelling, with a Current Ratio set at 0.48.
WRB Stock EPS
With the latest financial reports released by the company, W.R. Berkley Corp. posted 1/share EPS, while the average EPS was predicted by analysts to be reported at 1.23/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -18.70%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for WRB. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for W.R. Berkley Corp. go to 9.00%.
W.R. Berkley Corp. [WRB] Institutonal Ownership Details
The top three institutional holders of WRB stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2815%. BLACKROCK INC., holding 1.03 billion shares of the stock with an approximate value of $176.59 billion in WRB stocks shares; and BERKSHIRE HATHAWAY INC, currently with $156.75 billion in WRB stock with ownership which is approximately 5.8325%.
