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Stock Charts AI Power Rank: 9.4
Power Rank trend -> Rising
12/04/2024 09:43:00 EST
W. R. Berkley Corp (WRB)
Industry: Insurance - Property & Casualty
Follow @stockchartsai on TwitterPrice Support Resistance
In the past 20 trading days, WRB has been trading in a range between $64.94 and $58.21 (gray range band). Red lines on the chart represent key resistance levels and Green lines represent key support levels. As the price moves above the lines you will notice they turn green and red if price moves below a line.
WRB is trading between resistance at $78.61 about 24% to the upside and support at $59.65 -6% to the downside. If it can break above the resistance, it could have some more upside to the next line of resistance at $83.43, about a 32% move. If the price starts to turn down and fails to get through this level or enters a yellow zone, we would consider profit taking or exiting the position. If it enters a red zone on the chart we would exit the position.
Upside / Downside Potential
W. R. Berkley Corp $WRB entered a Green zone 19 days ago on the AI powered stock chart. Wall Street analysts have an AVG target price $73.64, a potential upside of 15.93% from the recent price of 63.52. The stock is trading 3.1% (potential upside) below its 52 week high of $65.49 and 40.91 % (potential downside) above its 52 week low of $45.08 - based on the recent price.
Company Summary
W R. Berkley Corporation, an insurance holding company, operates as a commercial lines writers worldwide.
News
| W. R. Berkley Corporation to Present at the 2024 Goldman Sachs U.S. Financial Services Conference GREENWICH, Conn.--(BUSINESS WIRE)--W. R. Berkley Corporation (NYSE: WRB) announced today that W. Robert Berkley, Jr., its president and chief executive officer, will present at the 2024 Goldman Sachs U.S. Financial Services Conference. The presentation will take place on Wednesday, December 11, 2024 at 11:20 a.m. eastern time. The presentation will be webcast live on the Company's website at www.berkley.com. Please log on early to register. A replay of the webcast will be available on the Compa. Source: Business Wire Mon, 25 Nov 2024 16:15:00 -0500 Sentiment: Neutral |
| WR Berkley Margins Could Continue To Expand 'Well Into 2025', Says Bullish Analyst Shares of WR Berkley Corp WRB have gained more than 7% over the past month after the company reported in late October upbeat third-quarter earnings. Source: Benzinga Mon, 25 Nov 2024 11:00:02 -0500 Sentiment: Positive |
| Why Is W.R. Berkley (WRB) Up 2.8% Since Last Earnings Report? W.R. Berkley (WRB) reported earnings 30 days ago. What's next for the stock? Source: Zacks Investment Research Wed, 20 Nov 2024 12:31:14 -0500 Sentiment: Positive |
| W.R. Berkley Stock Rises 15.8% in 6 Months: Will the Rally Last? WRB stock soars on the back of higher premiums, lower claims frequency in certain lines of business, effective capital deployment and sufficient liquidity. Source: Zacks Investment Research Tue, 12 Nov 2024 10:51:23 -0500 Sentiment: Positive |
| W. R. Berkley: Valuation Continues To Reflect Elevated Earnings Commercial insurer W. R. Berkley continues to enjoy a favorable operating environment, with underwriting profitability and investment income both still elevated. While the company has always reported solid underwriting results, the current backdrop is leading to cycle-high return on equity. Although earnings remain strong, the stock trades for over 2.7x book value. This valuation leaves little room for eventual earnings normalization. Source: Seeking Alpha Tue, 12 Nov 2024 00:13:08 -0500 Sentiment: Positive |
Technicals 52 Week Hi: 65.49 52 Week Low: 45.0766 Beta: 0.621 50 Day MA: 59.3832 200 Day MA: 56.2079 Earnings / Revenue Trends Qtr Earnings Growth YOY: 0.11 Qtr Revenue Growth YOY: 0.122 Forward PE: 14.9701 Trailing PE: 16.2872