FMP
Goldman Sachs Upgrades W.R. Berkley to Buy
Nov 25, 2024 10:00 PM - Danny Green(Last modified: Nov 26, 2024 9:35 AM)
Image credit: Google Images
- Goldman Sachs upgraded W.R. Berkley (NYSE:WRB) from Neutral to Buy, with a current stock price of $63.05.
- W.R. Berkley's CEO, W. Robert Berkley, Jr., is set to present at the 2024 Goldman Sachs U.S. Financial Services Conference.
- The company's stock reached its highest price in the past year at $63.46, with a market capitalization of approximately $24 billion.
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.
Other Blogs
May 14, 2024 11:41 AM - Sanzhi Kobzhan
The easiest way to calculate stock’s target price and why the target price is important.
A stock's target price, also known as its fair value, is an indication of what a share can cost based on the company’s forecasted financial statements. It is important to know a stock's fair value to find undervalued stocks with great growth potential. Let's consider how investment analysts calculat...
May 24, 2024 9:30 AM - Rajnish Katharotiya
How to Access and Analyze Earnings Call Transcripts
Earnings call transcripts are invaluable resources for investors, analysts, and financial enthusiasts. They provide insights into a company's performance, strategy, and future outlook, making them essential for making informed investment decisions. With Financial Modeling Prep, Earnings Call Transcr...
May 27, 2024 3:30 PM - Rajnish Katharotiya
The best 5 GPU stocks other than NVDA
In the ever-evolving world of technology, certain sectors have consistently demonstrated exceptional growth and innovation. The graphics processing units (GPUs) industry is one such sector, offering investors a golden opportunity for potentially high returns. In this blog, we'll delve into why inves...
