W.R. Berkley Corp. (WRB) Sees Strong Trading Volume
W.R. Berkley Corp. (NYSE:WRB) saw unusually-strong trading volume on Friday . Approximately 457,772 shares were traded during trading, an increase of 49% from the previous session’s volume of 308,222 shares.The stock last traded at $58.23 and had previously closed at $58.65.
A number of analysts have commented on WRB shares. Zacks Investment Research raised shares of W.R. Berkley Corp. from a “sell” rating to a “hold” rating in a research note on Friday, August 19th. Royal Bank Of Canada upped their price objective on shares of W.R. Berkley Corp. from $57.00 to $61.00 and gave the company a “sector perform” rating in a research note on Wednesday, July 13th. Finally, Compass Point upped their price objective on shares of W.R. Berkley Corp. from $55.00 to $60.00 and gave the company a “neutral” rating in a research note on Tuesday, July 26th. One analyst has rated the stock with a sell rating and six have issued a hold rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $55.17.
The stock has a 50 day moving average price of $58.61 and a 200-day moving average price of $56.05. The company has a market capitalization of $7.15 billion and a price-to-earnings ratio of 15.28.
W.R. Berkley Corp. (NYSE:WRB) last announced its quarterly earnings results on Monday, July 25th. The company reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.77 by $0.05. During the same quarter in the previous year, the company posted $0.81 EPS. The firm earned $1.56 billion during the quarter, compared to the consensus estimate of $1.96 billion. The firm’s revenue was up 4.5% on a year-over-year basis. On average, equities research analysts anticipate that W.R. Berkley Corp. will post $3.42 EPS for the current fiscal year.
An institutional investor recently raised its position in W.R. Berkley Corp. stock. Wells Fargo & Company MN boosted its stake in W.R. Berkley Corp. (NYSE:WRB) by 2.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 263,574 shares of the company’s stock after buying an additional 7,110 shares during the period. Wells Fargo & Company MN owned approximately 0.21% of W.R. Berkley Corp. worth $14,431,000 at the end of the most recent reporting period.
W. R. Berkley Corporation is an insurance holding company. The Company operates in the three segments of the property casualty insurance business: Insurance-Domestic, Insurance-International and Reinsurance-Global. Its Insurance-Domestic segment includes commercial insurance business, including excess and surplus lines and admitted lines, primarily throughout the United States.
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