FMP
Nov 25, 2024(Last modified: Nov 26, 2024)
On November 25, 2024, Goldman Sachs upgraded W.R. Berkley (NYSE:WRB) from Neutral to Buy, with the stock priced at $62.27. W.R. Berkley, founded in 1967, is a major player in the insurance industry, known for its commercial lines in the U.S. It operates globally in property casualty insurance through its Insurance and Reinsurance & Monoline Excess segments.
The upgrade by Goldman Sachs comes as W.R. Berkley prepares for a significant event. The company's President and CEO, W. Robert Berkley, Jr., will present at the 2024 Goldman Sachs U.S. Financial Services Conference on December 11, 2024. This presentation will be available live on the company's website, with a replay accessible for 180 days.
Currently, WRB's stock is priced at $63.05, marking a 1.25% increase with a $0.78 change. The stock has seen fluctuations today, ranging from a low of $62.67 to a high of $63.46, which is also its highest price in the past year. The lowest price for WRB in the past year was $45.75.
W.R. Berkley has a market capitalization of approximately $24 billion, indicating its substantial size in the industry. The trading volume for WRB today is 851,886 shares on the NYSE, reflecting active investor interest following the recent upgrade by Goldman Sachs.
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