Your email has been successfully added to our mailing list.

×
0 0 0 0 -0.00911032028469752 -0.00911032028469752 -0.00768683274021341 -0.00768683274021341
Stock impact report

W.R. Berkley Nears Historical Price-To-Book High, Analyst Downgrades Stock On Overvaluation Concerns [Yahoo! Finance]

W.R. Berkley Corporation (WRB) 
Last w.r. berkley corporation earnings: 4/21 04:10 pm Check Earnings Report
US:NYSE Investor Relations: wrberkley.com/investor-relations.aspx
Company Research Source: Yahoo! Finance
The analyst suggests that Mitsui-Sumitomo's plan to acquire a 15% stake in W.R. Berkley may not lead to a takeover soon, though it could be a long-term option. The analyst mentions that W.R. Berkley is currently trading at 3.0 times its estimated book value for March 31, which is close to the highest point it's ever reached, matching levels seen in April 2006 and November 2022. This trend of high price-to-book ratios is also observed in other large commercial property and casualty insurance companies, which are generally considered to be overvalued at the moment. The high price-to-book ratio for W.R. Berkley is largely attributed to its strong return on equity, which is currently in the high teens, driving the elevated valuation despite the company not being as overvalued on a price-to-earnings basis. Also Read: IonQ Jumps On Amazon News, But Can It Defy Quantum Bearish Trend? Shanker suggests that Berkley benefits from lower exposure to casualty volatility compared to its pe Show less Read more
Impact Snapshot
Event Time:
WRB
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison Updated
Event Day
Stock performance from the time of news release until the following 4pm ET market close
Last price at news event
Since Event
Multi-day stock performance from the time of the news release
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST
PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
Last Price
VWAP
High:
Max Up
High:
Low:
Max Down
Low:
%
Post news range
%
Price change

Price Change Percentage


S&P 500
(SPX)

%

Volume ratio
%

Volume
Ticks

Avg transaction size

Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Opt-in for WRB alerts
Opt-in for
WRB alerts

from News Quantified
Opt-in for
WRB alerts

from News Quantified