W.R. Berkley Corporation (WRB) is often highlighted as a
strong value stock and a
top momentum pick as it yields
favorable return to its investors. It is experiencing a 14%
stock increase in a span of three months, and the verdict is uncertain if the rally will continue. Recognized as a 'boring' stock, it is favored by top funds over tech giants like Nvidia and Apple. It recently announced both
special and regular quarterly cash dividends which increased by 9.1%, and a 3-For-2 stock split. This prompted asset management groups to boost stocks in WRB. Its
Q2 earnings exceeded estimates, resulting in
rising relative price strength. While it is marked as overvalued, the strong financials are guiding the market. However, with Barclays setting the stock underweight and Truist cutting the target, the market is cautioned. Lately, funds have been raised in WRB by investment management companies and pensions funds, implying confidence in its future prospects. It continues to outperform S&P500 and has been raised to a BUY by StockNews.com
WR Berkley Stocks WRB News Analytics from Wed, 21 Oct 2020 09:12:23 GMT to Sun, 29 Sep 2024 23:55:18 GMT -
Rating 7
