Check Out What W. R. Berkley Corporation (WRB) Insiders Are Doing

The stock of W. R. Berkley Corporation (NYSE:WRB) increased by increased by $3.37 on Friday to finish at $82.26, up 4.27 percent. The last five days have seen an average of 677,500 shares of common stock traded. 30 times new highs were reached in the current year, with a gain of $15.84. The average number of shares traded over the last 20 days was 599,235, while the average volume over the last 50 days totaled 605,140.

WRB stock appreciated 12.84% since last month. On 09/29/21, the company’s shares reached a one-month low of $72.30. The stock touched a high of $81.87 on 10/22/21, after rallying from a low of $59.21 in 52 weeks. The price of WRB stock has risen by 24.70% or $15.84 this year, reaching a new high 30 times. Still, the stock price is up 0.48% from the 52-week high.

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Valuation Metrics

W. R. Berkley Corporation (WRB) has a trailing price-to-earnings (P/E) ratio of 14.77. This level actually compares unfavorably with the industry at large, as the PE for the Insurance – Property & Casualty industry stands at about 9.42. Further, its PE also compares unfavorably with the Financial sector’s trailing 12 months PE ratio, which comes in at 13.15 right now. The PE ratio of W. R. Berkley Corporation has varied between 39.44 and 12.25 in the last five years. Beta for the stock is 0.85. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 1.52, the price-to-book (PB) ratio of 2.32, and the price-to-cash flow ratio of 8.46.

W. R. Berkley Corporation’s dividend is $0.52 per share per year. With a dividend yield of 0.63%, WRB has a payout ratio of 11.70%. On Sep. 29, the company paid $0.13 per share in dividends, remained unchanged from $0.13 last year. A $0.01 dividend increase was reported on Tuesday June 15 2021, making it the 12 consecutive year the dividend has increased. Over the last three years, dividends have increased by 28.18%.

The company’s long-term debt to equity ratio for the quarter ending June 29 is 0.44, and the total debt to equity ratio is 0.44. W. R. Berkley Corporation’s operating margin stood at 12.80% for the same period. Based on annual data, it had gross profit of $704.8 million and revenue of $8.1 billion.

Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. WRB’s return on assets (ROA) during the last 12 months has been 2.60%. There was a 7.60% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 12.10%. ROE has averaged 11.41 in the past year for the broader industry.

Earnings Surprise

According to W. R. Berkley Corporation’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. It was predicted that W. R. Berkley Corporation’s quarterly earnings would be $1.17, but it ended up being $1, beating the consensus by 17.00%. EBITDA was $375.09 million for the quarter. At the end of W. R. Berkley Corporation’s most recent quarter ended June 29, its total debt was $3.1 billion. Equity owned by shareholders amounts to $177.53 million.

Technical Picture

Here’s a quick look at W. R. Berkley Corporation’s (WRB) price momentum from a technical perspective. As of 22 October, the RSI 9-day stood at 80.73%, suggesting the stock is Overbought, with a 24.21% historical volatility rate.

The stochastic %K and %D were 95.44% and 90.16% respectively, while the average true range (ATR) was 1.65. Based on the 14-day stochastic reading of 94.66%, the RSI (14) reading is 75.28%. On the 9-day MACD Oscillator, the stock is at 1.95, and the 14-day reading is at 2.42.

Analyst Ratings

In its most recent analyst report, Boenning & Scattergood raised its rating on W. R. Berkley Corporation (NYSE: WRB) to an Outperform. Prior to this, analysts firm rated the stock as a Neutral. Analysts have assigned W. R. Berkley Corporation (WRB) an Overweight rating. WRB is a stock that is recommended for selling by 0 brokerage firms, while 6 companies recommend holding. The stock is underweighted by 1 analyst. Among the analysts who rate the stock, 0 rates it overweight and 4 others recommend it as a buy.

What is WRB’s price target for the next 12 months?

The current consensus forecast for the stock is between $76.00 and $92.00, with a median target price of $88.00. In analyzing these forecasts, the average price target given by analysts for W. R. Berkley Corporation (WRB) is $87.63.


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