Analyzing W. R. Berkley Corporation (WRB) By Technical Indicators


As of Friday close, W. R. Berkley Corporation’s (NYSE:WRB) stock was down -$1.91, moving down -3.04 percent to $61.00. The average number of shares traded per day over the past five days has been 3,013,980 shares. 2 times new highs have been achieved over the past 5 days, with a -$1.66 fall in that time frame. In the last twenty days, the average volume was 1,841,050, while in the previous 50 days, it was 1,529,208.

Since last month, WRB stock retreated -9.41%. Shares of the company fell to $59.50 on 03/15/23, the lowest level in the past month. A 52-week high of $76.46 was reached on 01/24/23 after having rallying from a 52-week low of $59.50. Since the beginning of this year, WRB’s stock price has dropped by -15.36% or -$11.57, and marked a new high 4 times. However, the stock has declined by -20.22% since its 52-week high.

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WRB stock investors should be aware that W. R. Berkley Corporation (WRB) stock had its last reported insider trading activity 229 days ago on Aug 01. BROCKBANK MARK ELLWOOD, the Director of the company, purchased of 1,434 shares for $61.85 on Aug 01. It resulted in a $88,692 investment by the insider. BROCKBANK MARK ELLWOOD added 4,566 shares at an average price of $62.00 on Jul 29. The insider now owns 4,566 shares following the transaction.

Valuation Metrics

Right now, W. R. Berkley Corporation (WRB) has a P/E ratio of about 12.33. The stock’s beta is 0.64. Besides these, the trailing price-to-sales (P/S) ratio of 1.47, the price-to-book (PB) ratio of 2.50, and the price-to-cash flow ratio of 7.17 may also be considered.

The latest dividend of $0.10 per share was paid out, which is -80.0% less than last year’s $0.50. On Friday February 24 2023, a $0.40 dividend decrease was announced.

Financial Health

According to company report, the long-term debt-to-equity ratio for the quarter ending December 30 was 0.42, and the total debt-to-equity ratio was 0.42. In the year ended December 30, operating margins totaled 16.10%. Based on annual data, WRB earned $1.72 billion in gross profit and brought in $11.17 billion in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 15.30%. Return on equity (ROE) for the past 12 months was 20.90%.

In W. R. Berkley Corporation’s quarter-end financial report for December 30, it reported total debt of $1.01 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. WRB’s revenue rose 15.32% during the quarter, while net income inched up to $11.17 billion. While analysts expected W. R. Berkley Corporation to report $1.1 quarterly earnings, the actual figure was $1.16 per share, beating the consensus estimate by 5.50%. During the quarter, the company generated $520.16 million in EBITDA. The value of shareholders’ equity is $263.45 million.

Technical Picture

This quick technical analysis looks at W. R. Berkley Corporation’s (WRB) price momentum. With a historical volatility rate of 36.17%, the RSI 9-day stood at 34.13% on 17 March.

With respect to its five-day moving average, the current W. R. Berkley Corporation price is down by -2.65% percent or -$1.66. At present, WRB shares trade -8.75% below its 20-day simple moving average and -14.51% percent below its 100-day simple moving average. However, the stock is currently trading approximately -15.68% below its SMA50 and -14.24% below its SMA200.

Stochastic coefficient K was 23.07% and Stochastic coefficient D was 18.23%, while ATR was 1.69. Given the Stochastic reading of 18.18% for the 14-day period, the RSI (14) reading has been calculated as 33.78%. As of today, the MACD Oscillator reading stands at -1.19, while the 14-day reading stands at -2.78.

Analyst Ratings

BofA Securities upgraded its rating on W. R. Berkley Corporation (NYSE: WRB) to a Buy in a note to investors on March 15, 2023. The analysts firm previously had a Neutral rating on the stock.W. R. Berkley Corporation (WRB) has been rated Overweight by analysts. According to 1 brokerage firm, WRB is a sell, and 3 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 1 analyst rate W. R. Berkley Corporation stock as buy, with 10 recommending it as overweight.

With a median target price of $83.50, the current consensus forecast for the stock is $75.00 – $89.00. Based on these forecasts, analysts predict W. R. Berkley Corporation (WRB) will achieve an average price target of $81.92.


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