W.R.Berkley ( WRB ), a New England insurance company, is putting up strong numbers.As a result, on Tuesday Berkley stock’s Relative Strength Rating improved to 75, up from 67 a day earlier.Also on Tuesday, Berkley stock rose 2.6% to an all-time high 84.68.That’s in contrast to the rest of the market, which was mostly retreating for much of the day, especially tech companies.
X Greenwich, Conn.-based W.R.Berkley offers property and casualty insurance, and reinsurance products, through its roughly 60 business units, mainly in the Americas.
W.R.
Berkley Stock Hits Fresh High Amid Changes On Nov.5, Berkley declared a special cash dividend of $1 per share to be paid on Dec.
22 to stockholders of record as of the close of business on Dec.7.That came on top of a 50-cents-per-share special dividend paid on July 6 and in addition to the company’s regular 13-cents-a-share quarterly dividend.
The company also recently made a couple of key executive changes.It named John Henle president of its Union Standard Insurance Group, and Daniel Smyrl president of the Admiral Insurance Group.
The 75 RS Rating shows that Berkley stock is outperforming 75% of all stocks.It’s a good but not yet outstanding numbers.Stocks that go on to make the biggest gains typically have an RS Rating of above 80 in the early stages of their moves.
See if W.R.Berkley stock can continue to show renewed price strength and hit that benchmark.
Among other key ratings, Berkley stock has a strong 84 Composite Rating , a composite of the five key ratings IBD uses to gauge stocks to watch and buy.
Its 85 EPS Rating, one of the Composite ratings puts it squarely in the top 15% of all companies for recent quarters and recent years of profit growth.It carries a C Accumulation/Distribution Rating , showing that institutional investors are buying about as many of its shares as selling them.Where it really stands out though is in its recent growth numbers.
Profit Leapt 103% Last Quarter Berkley reported a 103% leap in earnings in its most recent report, to $1.32 per share.The prior three periods its EPS rose 48%, 54% and then 999%-plus.
Revenue last quarter increased 19% to $2.42 billion, its fourth quarter of double-digit sales growth.
Looking For The Best Stocks To Buy And Watch? Start Here
W.R.Berkley stock is now considered extended and out of buy range after clearing a 78.53 buy point in a second-stage cup with handle .See if the stock forms a new pattern or follow-on buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week moving average.
W.R.Berkley earns the No.
9 rank among its peers in the Insurance-Property/Casualty/Title industry group.Stewart Information Services ( STC ) and First American Financial ( FAF ) are also among the group’s highest-rated stocks.
As you try to find the best stocks to buy and watch , be sure to pay attention to relative price strength.
This proprietary rating tracks technical performance by showing how a stock’s price movement over the last 52 weeks measures up against that of the other stocks in our database.
IBD Newsletters Get exclusive IBD analysis and actionable news daily.SIGN UP NOW! IBD Newsletters Get exclusive IBD analysis and actionable news daily.Financial Advisor Update How To Invest Market Prep Tech Report Please enter a valid email address Please select a newsletter GO Get these newsletters delivered to your inbox & more info about our products & services.
Privacy Policy & Terms of Use
x Thank You! You will now receive IBD Newsletters ALL DONE! Something Went Wrong! Please contact customer service CLOSE YOU MIGHT ALSO LIKE:
IBD Stock Rating Upgrades: Rising Relative Strength
Why Should You Use IBD’s Relative Strength Rating?
How Relative Strength Line Can Help You Judge A Stock
See How To Reduce Risk, Increase Profits With Swing Trading
See IBD Stock Lists & Get Pass/Fail Ratings For All Your Stocks With IBD Digital
Related news Stock Upgrades: Berkley WR Shows Rising Relative Strength 1/30/2020 A Relative Strength Rating upgrade for Berkley WR shows improving technical performance.
1/30/2020 A Relative Strength Rating upgrade for Berkley WR shows improving…
Berkley WR Shows Market Leadership With Jump To 93 RS Rating Are These 7 Top Stocks Next To Join The S&P 500? Stocks To Watch Ahead Of Earnings: Berkley WR Top-Rated Berkley WR Near Buy Zone Ahead Of Earnings Stocks Flashing Renewed Technical Strength: Berkley WR Berkley WR Scores Relative Strength Rating Upgrade; Hits Key Threshold Stock Upgrades: Berkley WR Shows Rising Relative Strength Berkley WR Trying To Close In On Key Technical Benchmark Today’s Spotlight Best Online Broker Survey How would you rate your online broker? Tell us and you could win one of ten $50 prizes! Find Your Next Trade! Which stocks are near a buy point now? Find out with IBD Digital—get access for only $8! 5 Days of Chart Reading Learn how to read stock charts like a pro with 5 daily email lessons! Sign up for free today.More News Even Analysts Say 7 Super-Expensive Stocks Cost Too Much See How This One ETF Shines Light On Solar Energy Stocks Like SolarEdge Crypto-Currency is Here to Stay Promoted Content By Ault Media Group, Inc
TRADING CENTER INVESTING RESOURCES Take a Trial Today Get instant access to exclusive stock lists, expert market analysis and powerful tools with 2 months of IBD Digital for only $20!
IBD Videos Get market updates, educational videos, webinars, and stock analysis.
Get Started Learn how you can make more money with IBD’s investing tools, top-performing stock lists, and educational content..
