Time to Reconsider W. R. Berkley Corporation (WRB) After Achieving Record High?

April 17, 2018 - By Marie Mckinney

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

The stock of W. R. Berkley Corporation (NYSE:WRB) reached all time high today, Apr, 17 and still has $80.91 target or 9.00 % above today’s $74.23 share price. This indicates more upside for the $9.02B company. This technical setup was reported by Barchart.com. If the $80.91 PT is reached, the company will be worth $811.98M 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 0.15% or $0.11 during the last trading session, reaching $74.23. About 272,177 shares traded. W. R. Berkley Corporation (NYSE:WRB) has risen 2.17% since April 17, 2017 and is uptrending. It has underperformed by 9.38% the S&P500.

Analysts await W. R. Berkley Corporation (NYSE:WRB) to report earnings on April, 23. They expect $0.92 earnings per share, up 31.43 % or $0.22 from last year’s $0.7 per share. WRB’s profit will be $111.82 million for 20.17 P/E if the $0.92 EPS becomes a reality. After $0.76 actual earnings per share reported by W. R. Berkley Corporation for the previous quarter, Wall Street now forecasts 21.05 % EPS growth.

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. UBS maintained W. R. Berkley Corporation (NYSE:WRB) on Wednesday, October 25 with “Sell” rating. The firm earned “Hold” rating on Wednesday, October 25 by Deutsche Bank. As per Wednesday, January 31, the company rating was maintained by RBC Capital Markets. The stock of W. R. Berkley Corporation (NYSE:WRB) has “Hold” rating given on Thursday, December 21 by Keefe Bruyette & Woods. The stock has “Hold” rating by Keefe Bruyette & Woods on Monday, December 4. As per Wednesday, October 25, the company rating was maintained by Bank of America. The firm earned “Hold” rating 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 $9.02 billion. It operates through two divisions, Insurance and Reinsurance. It has a 17.42 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

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