W.R. Berkley Corp (NYSE: WRB) has reported earnings for its second fiscal quarter (ending June 30) of $1.40 versus $1.32 for the same period a year ago — an increase of 6%. However, this result fell short of the consensus estimate of $1.43 by $-0.03. E.P.S. were $5.77 for the latest four quarters through June 30 versus $4.59 for the same period a year ago — an increase of 26%.
Recent Price Action
W.R. Berkley Corp (NYSE: WRB) stock closed at $51.82 on 7/22/24 after a modest gain of 0.5%. Moreover, trading volume in this advance was exceptionally high at 253% of normal. The stock has been strong relative to the market over the last nine months but has declined -3.0% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, WRB is expected to continue to be an important Value Builder.
W.R. Berkley has a current Value Trend Rating of A (Highest Rating). This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. W.R. Berkley has a slightly positive Appreciation Score of 62 and a good Power Rating of 78, with the Highest Value Trend Rating the result.
Rating Review
In light of this new information we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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