Media stories about W. R. Berkley (NYSE:WRB) have been trending somewhat positive recently, according to Accern. The research firm ranks the sentiment of news coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. W. R. Berkley earned a daily sentiment score of 0.19 on Accern’s scale. Accern also assigned news headlines about the insurance provider an impact score of 47.2407417908056 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
A number of research analysts have weighed in on the company. Zacks Investment Research upgraded W. R. Berkley from a “hold” rating to a “buy” rating and set a $79.00 price target for the company in a research note on Wednesday, December 27th. UBS Group raised their price target on W. R. Berkley from $63.00 to $66.00 and gave the company a “sell” rating in a research note on Wednesday, October 25th. Boenning Scattergood restated a “hold” rating on shares of W. R. Berkley in a research note on Wednesday, October 25th. Bank of America raised their price target on W. R. Berkley from $73.00 to $74.00 and gave the company a “neutral” rating in a research note on Wednesday, October 25th. Finally, Deutsche Bank raised their price target on W. R. Berkley from $65.00 to $66.00 and gave the company a “hold” rating in a research note on Wednesday, October 25th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $70.38.
Shares of W. R. Berkley (NYSE:WRB) traded up $0.69 during midday trading on Wednesday, hitting $70.11. The stock had a trading volume of 293,907 shares, compared to its average volume of 397,927. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.34 and a quick ratio of 0.34. W. R. Berkley has a one year low of $62.00 and a one year high of $73.17. The company has a market cap of $8,457.43, a P/E ratio of 16.42, a P/E/G ratio of 2.15 and a beta of 0.91.
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About W. R. Berkley
W. R. Berkley Corporation is an insurance holding company. It operates through two segments: Insurance and Reinsurance-Global. The Insurance segment consists of its commercial insurance business operations, comprising excess and surplus lines, and admitted lines, throughout the United States, as well as its insurance business operations in the United Kingdom, Continental Europe, South America, Canada, Mexico, Scandinavia, Asia and Australia.
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