Investopedia: W.R. Berkley's Valuation Has Caught Up

Specialty insurance company W.R. Berkley (NYSE:WRB) has long been one of my favorite under-valued insurance companies. While it is still one of my favorites in terms of management quality and addressable markets, the stock has been quite strong over the past two years and no longer represents much of a bargain. While long-term investors may wish to hang on, investors considering a new position may have to wait for a better opportunity.

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http://stocks.investopedia.com/stock-analysis/2012/W.R.-Berkleys-Valuation-Has-Caught-Up-WRB-ALL-TRV-CB0606.aspx