Buy tech sell-off, Wedbush’s Ives says: ’this is a 1996 moment, not 1999’
W. R. Berkley Corp’s stock reached an all-time high, hitting 78.28 USD, showcasing a significant milestone for the company. With a market capitalization of $29.52 billion and an overall "GREAT" financial health score according to InvestingPro, the company demonstrates robust fundamentals. This achievement reflects a robust performance over the past year, with the stock delivering a total return of 36.96% and an impressive year-to-date gain of 34.42%. The insurance holding company has demonstrated strong growth, capturing investor attention and driving its stock price to new heights. As W. R. Berkley continues to navigate the market dynamics, this all-time high underscores its resilience and strategic positioning within the industry, supported by its remarkable 51-year track record of consecutive dividend payments. InvestingPro analysis reveals 7 additional key insights about the company’s potential.
In other recent news, W. R. Berkley Corporation reported its second-quarter earnings for 2025, surpassing analyst expectations with an earnings per share (EPS) of $1.05, compared to the forecasted $1.03. The company’s revenue was in line with projections at $3.1 billion, setting a record for net premiums earned. Keefe, Bruyette & Woods subsequently lowered its price target for W. R. Berkley to $72.00 from $74.00, while maintaining a Market Perform rating, following the company’s quarterly results. Additionally, W. R. Berkley announced the formation of Berkley Edge, a new unit aimed at providing professional liability and casualty insurance for small to mid-sized businesses with challenging risk profiles. Jamie Secor, with 25 years of industry experience, has been appointed as president of Berkley Edge. Furthermore, the company’s Board of Directors declared a regular quarterly cash dividend of 9 cents per share on its common stock, payable on September 30, 2025. These developments reflect W. R. Berkley’s ongoing efforts to expand its offerings and maintain financial stability.
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