WR Berkley Corporation – Consensus Buy rating and 27.8% upside potential

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WR Berkley Corporation – Consensus Buy rating and 27.8% upside potential

WR Berkley Corporation with ticker symbol (WRB) now has a total of 11 analysts covering the stock. The consensus rating indicates Buy. The High/Low target price ranges between 89 and 69 and has an average target of $80.09. Given that the stock’s previous close was $62.66, that would mean it now has a potential upside of 27.8%. It has a 50 day moving average of $64.47 and the 200 day moving average is now moving up to $67.93. The company’s market capitalization is $16,197 million. Visit the company’s website at: https://www.berkley.com

The potential market cap would be $20,702 million based on the market consensus.

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WR Berkley Corporation, an insurance holding company, operates as a commercial lines writer in the United States and internationally. It operates in two segments, Insurance and Reinsurance and Monoline Excess. The Insurance segment underwrites commercial insurance business, including premises operations, commercial auto, property, product liability, and general and professional liability lines. It also provides workers’ compensation insurance products; accident and health insurance and reinsurance products; commercial risk insurance; casualty and specialty environmental products for contractors, consultants and property owners and facility operators; specialist insurance covers for fine arts and jewellery; umbrella and contingency coverage products; and liquor liability and inland marine coverage for small to medium insureds. In addition, this segment offers directors and officers, commercial general liability, umbrella, professional liability, directors and officers, commercial property and warranty products, and products for the technology and life sciences and tourism industries; cyber risk solutions; accident, group life and crime and fidelity insurance products; personal lines insurance solutions including home, condo/co-op, auto and collectibles; auto liability, law enforcement, government employees and educators, legal and employment practices, and accidental medical insurance products; and risk and alternative risk insurance program management services. The Reinsurance & Monoline Excess segment provides other insurance companies and self-insurers with assistance in managing their net risk through reinsurance on a portfolio basis through contractual reinsurance or on an individual basis through facultative reinsurance. WR Berkley Corporation was founded in 1967 and is based in Greenwich, Connecticut.

The company has a dividend yield of 0.65% with an ex-dividend date set at 8-3-2023 (DMY).

Other figures to note are a P/E ratio of 12.45, earnings per share of 40.33 and a 3.41% return on assets.

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