W.R. Berkley Corp. (NYSE: WRB) has experienced a rise in its stock price by 0.15 compared to its previous closing price of 58.75. However, the company has seen a gain of 0.60% in its stock price over the last five trading days. zacks.com reported 2024-09-16 that Investors with an interest in Insurance – Property and Casualty stocks have likely encountered both W.R. Berkley (WRB) and CCC Intelligent Solutions Holdings Inc. (CCCS).
Is It Worth Investing in W.R. Berkley Corp. (NYSE: WRB) Right Now?
The price-to-earnings ratio for W.R. Berkley Corp. (NYSE: WRB) is above average at 15.45x. The 36-month beta value for WRB is also noteworthy at 0.63. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 9 rating it as “hold,” and 2 rating it as “sell.”
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The public float for WRB is 298.06M, and at present, short sellers hold a 2.70% of that float. The average trading volume of WRB on September 17, 2024 was 1.63M shares.
WRB’s Market Performance
The stock of W.R. Berkley Corp. (WRB) has seen a 0.60% increase in the past week, with a 2.22% rise in the past month, and a 11.40% gain in the past quarter. The volatility ratio for the week is 1.85%, and the volatility levels for the past 30 days are at 1.62% for WRB. The simple moving average for the past 20 days is 0.41% for WRB’s stock, with a 10.06% simple moving average for the past 200 days.
Analysts’ Opinion of WRB
Many brokerage firms have already submitted their reports for WRB stocks, with Barclays repeating the rating for WRB by listing it as a “Underweight.” The predicted price for WRB in the upcoming period, according to Barclays is $56 based on the research report published on September 05, 2024 of the current year 2024.
TD Cowen, on the other hand, stated in their research note that they expect to see WRB reach a price target of $103. The rating they have provided for WRB stocks is “Buy” according to the report published on July 01st, 2024.
Goldman gave a rating of “Neutral” to WRB, setting the target price at $83 in the report published on June 13th of the current year.
WRB Trading at 4.64% from the 50-Day Moving Average
After a stumble in the market that brought WRB to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -3.98% of loss for the given period.
Volatility was left at 1.62%, however, over the last 30 days, the volatility rate increased by 1.85%, as shares surge +2.87% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +11.25% upper at present.
During the last 5 trading sessions, WRB rose by +0.96%, which changed the moving average for the period of 200-days by +25.51% in comparison to the 20-day moving average, which settled at $58.68. In addition, W.R. Berkley Corp. saw 25.58% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for WRB
Current profitability levels for the company are sitting at:
- 0.07 for the present operating margin
- 0.73 for the gross margin
The net margin for W.R. Berkley Corp. stands at 0.12. The total capital return value is set at 0.05. Equity return is now at value 21.08, with 4.70 for asset returns.
Based on W.R. Berkley Corp. (WRB), the company’s capital structure generated 0.27 points at debt to capital in total, while cash flow to debt ratio is standing at 1.17. The debt to equity ratio resting at 0.37. The interest coverage ratio of the stock is 6.87.
Currently, EBITDA for the company is 1.75 billion with net debt to EBITDA at 5.66. When we switch over and look at the enterprise to sales, we see a ratio of 1.87. The receivables turnover for the company is 1.78for trailing twelve months and the total asset turnover is 0.37. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.42.
Conclusion
In summary, W.R. Berkley Corp. (WRB) has had a better performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
