W.R. Berkley Corp. (NYSE: WRB) is 19.82% higher on its value in year-to-date trading and has touched a low of $54.69 and a high of $86.33 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The WRB stock was last observed hovering at around $84.05 in the last trading session, with the day’s gains setting it 0.69%.
Currently trading at $84.74, the stock is 2.42% and 8.34% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.85 million and changing 0.82% at the moment leaves the stock 27.06% off its SMA200. WRB registered 28.47% gain for a year compared to 6-month gain of 39.27%. The firm has a 50-day simple moving average (SMA 50) of $1.92.
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The stock witnessed a 4.13% loss in the last 1 month and extending the period to 3 months gives it a 15.87%, and is 0.21% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.58% over the week and 1.45% over the month.
W.R. Berkley Corp. (WRB) has around 8329 employees, a market worth around $21.74B and $12.14B in sales. Current P/E ratio is 16.75 and Fwd P/E is 13.00. Profit margin for the company is 11.38%. Distance from 52-week low is 54.95% and -1.84% from its 52-week high. The company has generated returns on investments over the last 12 months (13.21%).
W.R. Berkley Corp. quarterly earnings per share for the current quarter are estimated at $1.5 with sales reaching $3.27B over the same period.The EPS is expected to grow by 22.08% this year, but quarterly earnings will post 11.80% year-over-year. Quarterly sales are estimated to grow 13.10% in year-over-year returns.
1,015 institutions hold shares in W.R. Berkley Corp. (WRB), with institutional investors hold 93.67% of the company’s shares. The shares outstanding are 256.54M, and float is at 200.25M with Short Float at 2.02%. Institutions hold 70.43% of the Float.
The top institutional shareholder in the company is Vanguard Group Inc with over 24.75 million shares valued at $1.47 billion. The investor’s holdings represent 9.61% of the WRB Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 13.82 million shares valued at $822.88 million to account for 5.36% of the shares outstanding. The other top investors are Morgan Stanley which holds 12.54 million shares representing 4.87% and valued at over $746.61 million, while State Street Corporation holds 4.19% of the shares totaling 10.79 million with a market value of $642.73 million.
