As of Thursday close, W. R. Berkley Corporation’s (NYSE:WRB) stock was down -$0.52, moving down -0.79 percent to $65.13. The average number of shares traded per day over the past five days has been 1,242,640 shares. 4 times new highs have been achieved over the past 5 days, with a $0.53 gain in that time frame. In the last twenty days, the average volume was 979,290, while in the previous 50 days, it was 1,102,356.
Since last month, WRB stock rose 7.26%. Shares of the company fell to $60.37 on 08/23/23, 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 $55.50. Since the beginning of this year, WRB’s stock price has dropped by -9.63% or -$7.44, and marked a new high 4 times. However, the stock has declined by -14.82% since its 52-week high.
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Valuation Metrics
Right now, W. R. Berkley Corporation (WRB) has a P/E ratio of about 14.30. The stock’s beta is 0.61. Besides these, the trailing price-to-sales (P/S) ratio of 1.45, the price-to-book (PB) ratio of 2.56, and the price-to-cash flow ratio of 6.47 may also be considered.
The latest dividend of $0.11 per share was paid out, remained unchanged from last year’s $0.11.
Financial Health
According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 0.41, and the total debt-to-equity ratio was 0.41. In the year ended June 29, operating margins totaled 15.00%. 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 18.70%.
In W. R. Berkley Corporation’s quarter-end financial report for June 29, 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 16.12% to $2.9 billion during the quarter, while net income inched up to $3.0 billion. While analysts expected W. R. Berkley Corporation to report $1.1 quarterly earnings, the actual figure was $1.14 per share, beating the consensus estimate by 3.60%. During the quarter, the company generated $486.2 million in EBITDA. The value of shareholders’ equity is $257.52 million.
Technical Picture
This quick technical analysis looks at W. R. Berkley Corporation’s (WRB) price momentum. With a historical volatility rate of 15.12%, the RSI 9-day stood at 69.13% on 21 September.
With respect to its five-day moving average, the current W. R. Berkley Corporation price is up by +0.82% percent or $0.53. At present, WRB shares trade +6.81% above its 20-day simple moving average and +10.54% percent above its 100-day simple moving average. However, the stock is currently trading approximately +9.24% above its SMA50 and -13.93% below its SMA200.
Stochastic coefficient K was 91.31% and Stochastic coefficient D was 93.81%, while ATR was 0.81. Given the Stochastic reading of 83.51% for the 14-day period, the RSI (14) reading has been calculated as 66.75%. As of today, the MACD Oscillator reading stands at 1.11, while the 14-day reading stands at 1.97.
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.
With a median target price of $73.00, the current consensus forecast for the stock is $62.00 – $83.00. Based on these forecasts, analysts predict W. R. Berkley Corporation (WRB) will achieve an average price target of $73.00.
