10 Stocks Outperform Broader Market Last Week

4. WR Berkley Corporation (NYSE:WRB)

WR Berkley rallied by 12.7 percent week-on-week to hit a new all-time high, finishing Friday’s trading at $71.27 versus the $63.24 registered on March 21, following news that Japan-based Mitsui Sumitomo Insurance was planning to acquire a significant stake in the company.

Having hovered around the $60 level during the first four trading days of the week, shares of WRB shot up on Friday after Mitsui announced that it would acquire a 15-percent stake in the company through open market purchase or private third-party transactions.

Despite the acquisition, the Berkley family clarified that it would not sell any of its common shares ownership in the company and that Mitsui would not purchase any more shares directly from the firm.

WRB is a commercial lines property and casualty insurance holding firm based in Greenwich, Connecticut.