Momentum Is Strong For W.R. Berkley Corp. (NYSE: WRB)

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Earlier, Yahoo Finance discussed this stock as it revealed W. R. Berkley Corporation to Announce Fourth Quarter and Full Year 2023 Earnings on January 24, 2024.

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Stocks Info

This NYSE-listed company operates within the Insurance – Property & Casualty industry segment, falling under the Financial sector. The current market capitalization of W.R. Berkley Corp. is $19.01B. A total of 0.83 million shares were traded on the day, compared to an average of 1.31M shares.

Insider trades can also provide insight into a stock’s future direction. During the recent three months, WRB has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 17 BUYs and 6 SELLs from insiders. Insiders purchased 258,472 shares during that period but sold 9,295.

Dividend

The income generated by dividends is an indication that a company is improving its financial position, which is why investors prefer companies paying dividends. W.R. Berkley Corp. pays an annual dividend of $1.64, resulting in a dividend yield of 2.22%, and it has a price to earnings (P/E) ratio of 14.85. WRB’s most recent ex-dividend date was 12/15/2023 when it declared a $0.11 quarterly dividend that was paid in cash on 12/27/2023. Previously, the company paid the dividend on 10/4/2023 with an ex-dividend date of 9/22/2023. The WRB stock dividend was $0.11 per share in cash.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for WRB in the last 3 months, the mean price target is $79.27 with high estimates of $87.00 and low estimates of $71.00. In terms of 52-week highs and lows, WRB has a high of $74.50 and a low of $54.69.

As of this writing, WRB has an earnings estimate of $1.37 per share for the current quarter. EPS was calculated based on a consensus of 12 estimates, with a high estimate of $1.51 per share and a lower estimate of $1.27. The company reported an EPS of $1.14 in the last quarter, which was 3.60% higher than expectations of $1.1.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. WRB’s latest balance sheet shows that the firm has $18.17B in Cash & Short Term Investments as of fiscal 2021. Its Book Value Per Share was $26.80, while its Total Shareholder’s Equity was $6.67B.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for WRB is Buy with a score of 3.89.

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