In a report released today, Elyse Greenspan from Wells Fargo maintained a Buy rating on W. R. Berkley Corporation (WRB – Research Report), with a price target of $75.00. The company’s shares closed last Friday at $70.22.
Greenspan covers the Financial sector, focusing on stocks such as Allstate, Everest Group, and American International Group. According to TipRanks, Greenspan has an average return of 10.7% and a 61.49% success rate on recommended stocks.
In addition to Wells Fargo, W. R. Berkley Corporation also received a Buy from KBW’s Meyer Shields in a report issued on December 5. However, on December 6, KBW downgraded W. R. Berkley Corporation (NYSE: WRB) to a Hold.
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The company has a one-year high of $73.93 and a one-year low of $54.41. Currently, W. R. Berkley Corporation has an average volume of 1.3M.
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W. R. Berkley Corporation (WRB) Company Description:
W.R. Berkley Corp. is an insurance holding company, which engages in the property casualty insurance business. It operates through the Insurance and Reinsurance & Monoline Excess segments. The Insurance segment includes excess and surplus lines, admitted lines, and specialty personal lines throughout the United States, as well as insurance business in the United Kingdom, Continental Europe, South America, Canada, Mexico, Scandinavia, Asia and Australia. The Reinsurance & Monoline Excess segment is involved in the reinsurance business on a facultative and treaty basis, primarily in the United States, United Kingdom, Continental Europe, Australia, the Asia-Pacific region, and South Africa. The company was founded by William R. Berkley in 1967 and is headquartered in Greenwich, CT.
Read More on WRB:
- W. R. Berkley declares 50c per share special cash dividend
- W. R. Berkley just downgraded at Keefe Bruyette, here’s why
- W. R. Berkley files automatic mixed securities shelf
- W. R. Berkley price target raised to $71 from $69 at BMO Capital
- Early notable gainers among liquid option names on October 24th
