The stock of W. R. Berkley Corp (NYSE:WRB) reached all time high today, Nov, 22 and still has $65.20 target or 7.00% above today’s $60.93 share price. This indicates more upside for the $7.39 billion company. This technical setup was reported by Barchart.com. If the $65.20 PT is reached, the company will be worth $517.30 million 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 211,508 shares traded hands. W. R. Berkley Corp (NYSE:WRB) has risen 6.80% since April 20, 2016 and is uptrending. It has outperformed by 2.25% the S&P500.
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. As per Tuesday, July 28, the company rating was maintained by Compass Point. Morgan Stanley upgraded the stock to “Equal-Weight” rating in Thursday, January 21 report. The company was downgraded on Tuesday, November 15 by Goldman Sachs. Compass Point maintained W. R. Berkley Corp (NYSE:WRB) rating on Tuesday, October 13. Compass Point has “Neutral” rating and $54 price target. RBC Capital Markets maintained the shares of WRB in a report on Wednesday, February 3 with “Sector Perform” rating. The stock of W. R. Berkley Corp (NYSE:WRB) has “Sector Perform” rating given on Tuesday, July 28 by RBC Capital Markets.
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 important recent W. R. Berkley Corp (NYSE:WRB) news were published by: Businesswire.com which released: “W. R. Berkley Corporation Forms Berkley Cyber Risk Solutions” on November 17, 2016, also Prnewswire.com published article titled: “W. R. Berkley Corporation Names Jared E. Abbey Senior Vice President”, Prnewswire.com published: “W. R. Berkley Corporation Announces Sale Of Wholly-Owned Investment” on July 18, 2016. More interesting news about W. R. Berkley Corp (NYSE:WRB) was released by: Businesswire.com and their article: “WR Berkley Corporation Forms Berkley Transactional” with publication date: September 06, 2016.
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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