WR Berkley Corporation – Consensus indicates 20.5% upside potential
WR Berkley Corporation found using the ticker (WRB) now have 11 analysts covering the stock with the consensus suggesting a Buy rating. The range between the high target price and the low target price is between 83 and 68, with the middle target price at 77.55. Together with the stock’s previous close at 64.34, this indicates that there is upside potential of 20.5%. The 50-day moving average now stands at 64.99 while the 200-day moving average is at 63.52. The company has a market capitalization of $16,935 million. Company website: https://www.berkley.com
The potential market capitalization would be $20,412 million based on market consensus.
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WR Berkley Corporation, an insurance holding company, operates as a commercial line writer in the United States and abroad. It operates in two segments, Insurance and Reinsurance & Monoline Excess. The Insurance segment underwrites commercial insurance business, including premises operations, commercial automobile, property, product liability, and general and professional liability. It also provides workers’ compensation insurance products; accident and sickness insurance and reinsurance products; business risk insurance; specialty environmental products for contractors, consultants, landowners and facility operators; specialized insurance coverage for exhibitions related to fine arts and jewellery; umbrella and excess liability insurance products; and alcohol liability and domestic marine coverage for small and medium insureds. Additionally, this segment offers directors and officers and bonding risk products, as well as products for the technology, life sciences and travel industries; cyber risk solutions; liability, group life, crime and embezzlement insurance products; personal insurance solutions, including home, condo/co-op, auto and collectibles; automobile, law enforcement, government and educator liability, liability 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-insured with assistance in managing their net risk through reinsurance on a portfolio basis via conventional reinsurance or on an individual basis via facultative reinsurance . WR Berkley Corporation was founded in 1967 and is based in Greenwich, Connecticut.
