WRB Stock Summary and Trading Ideas (WR Berkley | NYSE:WRB)

W.R. Berkley is an insurance holding company with a host of subsidiaries that primarily underwrite commercial casualty insurance. The firm specializes in niche products that include various excess and surplus lines, workers' compensation insurance, self-insurance consulting, reinsurance, and regional commercial lines for small and midsize businesses.

WR Berkley trades on the NYSE stock market under the symbol WRB.

As of April 18, 2024, WRB stock price climbed to $80.98 with 968,312 million shares trading.

WRB has a beta of 0.38, meaning it tends to be less sensitive to market movements. WRB has a correlation of 0.05 to the broad based SPY ETF.

WRB has a market cap of $20.78 billion. This is considered a Large Cap stock.

Last quarter WR Berkley reported $3 billion in Revenue and $1.45 earnings per share. This beat revenue expectation by $11 million and exceeded earnings estimates by $.07.

In the last 3 years, WRB stock traded as high as $89.19 and as low as $47.13.

The top ETF exchange traded funds that WRB belongs to (by Net Assets): VTI, VOO, VO, SPY, FTCS.

WRB has outperformed the market in the last year with a return of +31.9%, while the SPY ETF gained +22.3%. In the last 3 month period, WRB beat the market returning +10.0%, while SPY returned +6.1%. However, in the most recent 2 weeks WRB has underperformed the stock market by returning -7.0%, while SPY returned -3.8%.

WRB support price is $79.79 and resistance is $81.63 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that WRB stock will trade within this expected range on the day.