WRB Price Prediction Next Week
Technical Analysis: Based on recent price action, WRB is showing a bullish trend with the stock trading above all major moving averages (SMA 5: 60.61, SMA 20: 60.19, SMA 200: 56.65). The RSI-14 at 55.67 indicates moderate momentum without being overbought.
Price Levels & Fibonacci Analysis:
- Support levels: $59.89 (Fib S1), $59.41 (Fib S2)
- Resistance levels: $61.47 (Fib R1), $61.95 (Fib R2)
- Current pivot point: $60.68
News Sentiment & Fundamental Factors:
- Recent quarterly dividend announcement of $0.08 per share
- Strong Q4 2024 performance with revenue growth of 13.9% YoY to $3.67 billion
- Analysts maintain a "Moderate Buy" consensus with 9 Strong Buy ratings
- Mean price target of $65.12 represents 7.6% upside potential
Price Prediction for Next Week: Based on technical indicators and recent momentum:
- Target Price: $61.95 (Fibonacci R2)
- Recommended Action: BUY
- Entry Point: Current market price ($61.00)
- Stop Loss: $59.89 (Fibonacci S1)
Rationale:
- Bullish momentum confirmed by positive MACD (0.46)
- Strong institutional support with hedge funds increasing holdings
- Price trading above all major moving averages
- StochRSI showing potential for continued upward movement
The stock is likely to test the Fibonacci R2 resistance at $61.95 next week, supported by positive technical indicators and fundamental factors.
WRB Similar Chart Price Prediction
The price of WRB is predicted to go up -20.07%, based on the high correlation periods with LGO. The similarity of these two price pattern on the periods is 93.72%.
WRB
LGO
Down: -20.07%Similarity: 93.72%
WRB Revenue Forecast
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WRB VS S&P500
A decentralized operating structure allows Berkley to develop expertise in a number of profitable niche fields.
Berkley has demonstrated the foresight to enter and exit insurance lines as market opportunities wax and wane.
With relatively low exposure to catastrophe risks, Berkley's results are less likely to be impacted by unpredictable weather events or global warming.
WRB Analyst's Forecast
Elyse Greenspan
Wells Fargo
Buy
2025-01-14
Price Target
$68 → $67
Upside
+14.35%
Wells Fargo lowered the firm's price target on W. R. Berkley to $67 from $68 and keeps an Overweight rating on the shares. Discussing the insurance industry, Wells notes that for non-life insurance, the focus remains on cats, pricing, loss trend, reserves and margins. Domestically Q4 cats are above normal due to Milton, with international losses from Spanish floods. For Life insurance, the focus is on sales growth, rate commentary, Group results, and guides. Sales growth should continue to get attention, while group results are trending well, and life companies continue to return capital. Meanwhile, Brokers should continue to see good organic growth, the firm adds.
Alex Scott
Barclays
Sell
2025-01-06
Price Target
$56 → $50
Downside
-12.62%
Robert Cox
Goldman Sachs
Hold → Strong Buy
2024-11-25
Price Target
$69
Upside
+9.44%
