WR Berkley Reaches New 52-Week High (WRB)

NEW YORK ( TheStreet) -- WR Berkley (NYSE: WRB) hit a new 52-week high Wednesday as it is currently trading at $36.84, above its previous 52-week high of $36.80 with 253,709 shares traded as of 2:10 p.m. ET. Average volume has been 712,700 shares over the past 30 days.

WR Berkley has a market cap of $4.72 billion and is part of the financial sector and insurance industry. Shares are up 6.9% year to date as of the close of trading on Tuesday.

W. R. Berkley Corporation, an insurance holding company, operates as commercial lines writers in the property casualty insurance business primarily in the United States. The company operates in five segments: Specialty, Regional, Alternative Markets, Reinsurance, and International. The company has a P/E ratio of 13.4, above the average insurance industry P/E ratio of 12.6 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates WR Berkley as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, attractive valuation levels, good cash flow from operations, solid stock price performance and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share. You can view the full WR Berkley Ratings Report.

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