Shares of Markel Corporation (NYSE:MKL) have been given a consensus rating of “Hold” by the seven analysts that are currently covering the stock, Marketbeat reports. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $1,075.00.
Several brokerages have recently weighed in on MKL. SunTrust Banks, Inc. reiterated a “hold” rating and issued a $1,100.00 price objective on shares of Markel Corporation in a research note on Friday. Zacks Investment Research cut shares of Markel Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, October 3rd. Royal Bank Of Canada reiterated a “hold” rating and issued a $1,050.00 price objective on shares of Markel Corporation in a research note on Tuesday, October 3rd. ValuEngine raised shares of Markel Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, August 1st. Finally, BidaskClub raised shares of Markel Corporation from a “hold” rating to a “buy” rating in a report on Thursday, August 3rd.
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Markel Corporation (NYSE:MKL) traded down 0.95% during trading on Friday, hitting $1086.56. 19,601 shares of the stock traded hands. The firm has a 50-day moving average price of $1,066.23 and a 200 day moving average price of $1,015.71. The company has a market cap of $15.12 billion, a P/E ratio of 37.57 and a beta of 1.03. Markel Corporation has a 52-week low of $811.05 and a 52-week high of $1,105.23.
In related news, EVP Bradley James Kiscaden sold 350 shares of the stock in a transaction that occurred on Wednesday, August 2nd. The shares were sold at an average price of $1,074.56, for a total value of $376,096.00. Following the completion of the sale, the executive vice president now directly owns 6,817 shares of the company’s stock, valued at approximately $7,325,275.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Vice Chairman Steven A. Markel sold 200 shares of the stock in a transaction that occurred on Thursday, October 26th. The stock was sold at an average price of $1,067.57, for a total transaction of $213,514.00. Following the completion of the sale, the insider now directly owns 109,220 shares of the company’s stock, valued at $116,599,995.40. The disclosure for this sale can be found here. Insiders sold a total of 2,552 shares of company stock valued at $2,705,430 over the last three months. 2.53% of the stock is currently owned by insiders.
A number of institutional investors have recently added to or reduced their stakes in MKL. Proficio Capital Partners LLC increased its holdings in Markel Corporation by 40.3% in the 2nd quarter. Proficio Capital Partners LLC now owns 94 shares of the insurance provider’s stock worth $101,000 after acquiring an additional 27 shares in the last quarter. Korea Investment CORP increased its holdings in Markel Corporation by 138.9% in the 2nd quarter. Korea Investment CORP now owns 129 shares of the insurance provider’s stock worth $126,000 after acquiring an additional 75 shares in the last quarter. BDO Wealth Advisors LLC purchased a new stake in Markel Corporation in the 2nd quarter worth approximately $166,000. Toronto Dominion Bank increased its holdings in Markel Corporation by 11.0% in the 2nd quarter. Toronto Dominion Bank now owns 171 shares of the insurance provider’s stock worth $167,000 after acquiring an additional 17 shares in the last quarter. Finally, Quantbot Technologies LP increased its holdings in Markel Corporation by 775.0% in the 2nd quarter. Quantbot Technologies LP now owns 210 shares of the insurance provider’s stock worth $204,000 after acquiring an additional 186 shares in the last quarter. 76.38% of the stock is owned by institutional investors.
Markel Corporation Company Profile
Markel Corporation is a financial holding company serving a range of markets. The Company’s principal business markets and underwrites specialty insurance products. It monitors and reports its ongoing underwriting operations in three segments: U.S. Insurance, International Insurance and Reinsurance. The Company, through its subsidiary Markel Ventures, Inc (Markel Ventures), owns interests in various industrial and service businesses that operate outside of the specialty insurance marketplace.
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