RBC Capital analyst Mark Dwelle maintained a Buy rating on WR Berkley (WRB – Research Report) on April 1 and set a price target of $63.00. The company’s shares closed last Friday at $67.31, close to its 52-week high of $67.58.
According to TipRanks.com, Dwelle is a 5-star analyst with an average return of 13.8% and a 63.9% success rate. Dwelle covers the Financial sector, focusing on stocks such as International General Insurance Holdings, American Equity Investment Life, and American International Group.
Currently, the analyst consensus on WR Berkley is a Moderate Buy with an average price target of $93.43.
The company has a one-year high of $67.58 and a one-year low of $47.13. Currently, WR Berkley has an average volume of 1.3M.
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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.
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