W.R. Berkley Corp. [NYSE: WRB] stock went on an upward path that rose over 2.97% on Thursday, amounting to a one-week price increase of more than 5.06%.
Over the last 12 months, WRB stock rose by 41.00%. The one-year W.R. Berkley Corp. stock forecast points to a potential upside of 0.97. The average equity rating for WRB stock is currently 2.26, trading closer to a bullish pattern in the stock market.
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The market cap for the stock reached $23.23 billion, with 384.82 million shares outstanding and 298.06 million shares in the current float. Compared to the average trading volume of 1.76M shares, WRB stock reached a trading volume of 2536649 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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 $61.64 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 2.26. 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.
Barclays have made an estimate for W.R. Berkley Corp. shares, keeping their opinion on the stock as Underweight, with their previous recommendation back on September 05, 2024. While these analysts kept the previous recommendation, TD Cowen raised their target price to Buy. The new note on the price target was released on July 01, 2024, representing the official price target for W.R. Berkley Corp. stock. Previously, the target price had yet another drop from $88 to $83, while Goldman kept a Neutral rating on WRB stock. On January 09, 2024, analysts increased their price target for WRB shares from 69 to 79.
The Average True Range (ATR) for W.R. Berkley Corp. is set at 1.18, with the Price to Sales ratio for WRB stock in the period of the last 12 months amounting to 1.81. The Price to Book ratio for the last quarter was 2.99. Price to Free Cash Flow for WRB in the course of the last twelve months was 7.10.
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 5.06. With this latest performance, WRB shares gained by 6.05% in over the last four-week period, additionally plugging by 14.27% over the last 6 months – not to mention a rise of 41.00% 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 67.68, with the RSI for the last a single of trading hit 73.43, and the three-weeks RSI is set at 63.91 for W.R. Berkley Corp. [WRB]. The present Moving Average for the last 50 days of trading for this stock 58.02, while it was recorded at 59.41 for the last single week of trading, and 54.89 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 0.42.
WRB Stock EPS
With the latest financial reports released by the company, W.R. Berkley Corp. posted 0.9/share EPS, while the average EPS was predicted by analysts to be reported at 0.78/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.12. 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 13.00%.
W.R. Berkley Corp. [WRB] Institutonal Ownership Details
There are presently around $70.64%, or 93.32%% of WRB stock, in the hands of institutional investors. The top three institutional holders of WRB stocks are: VANGUARD GROUP INC with ownership of 24.04 million shares, which is approximately 8.9642%. BLACKROCK INC., holding 15.82 million shares of the stock with an approximate value of $$1.24 billion in WRB stocks shares; and BLACKROCK INC., currently with $$1.05 billion in WRB stock with ownership which is approximately 4.966%.
