W.R. Berkley Corp. (WRB) Sees Unusually-High Trading Volume
W.R. Berkley Corp. (NYSE:WRB) shares saw an uptick in trading volume on Friday . 457,772 shares changed hands during mid-day 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.
Several research firms recently issued reports on WRB. Compass Point raised their target price on shares of W.R. Berkley Corp. from $55.00 to $60.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 26th. Royal Bank Of Canada raised their target price on shares of W.R. Berkley Corp. from $57.00 to $61.00 and gave the stock a “sector perform” rating in a research report on Wednesday, July 13th. Finally, Zacks Investment Research raised shares of W.R. Berkley Corp. from a “sell” rating to a “hold” rating in a research report on Friday, August 19th. One analyst has rated the stock with a sell rating and six have assigned a hold rating to the company. W.R. Berkley Corp. currently has an average rating of “Hold” and an average target price of $55.17.
The firm has a market cap of $7.15 billion and a PE ratio of 15.28. The firm’s 50-day moving average price is $58.61 and its 200 day moving average price is $56.05.
W.R. Berkley Corp. (NYSE:WRB) last posted its quarterly earnings results on Monday, July 25th. The company reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.05. The firm earned $1.56 billion during the quarter, compared to the consensus estimate of $1.96 billion. During the same quarter in the prior year, the business earned $0.81 EPS. W.R. Berkley Corp.’s revenue was up 4.5% on a year-over-year basis. Equities analysts predict that W.R. Berkley Corp. will post $3.42 EPS for the current year.
An institutional investor recently raised its position in W.R. Berkley Corp. stock. Wells Fargo & Company MN boosted its stake in shares of W.R. Berkley Corp. (NYSE:WRB) by 2.8% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 263,574 shares of the company’s stock after buying an additional 7,110 shares during the period. Wells Fargo & Company MN owned 0.21% of W.R. Berkley Corp. worth $14,431,000 as of its most recent SEC filing.
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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