Markel (MKL) Receiving Somewhat Positive Media Coverage, Report Finds

Media stories about Markel (NYSE:MKL) have trended somewhat positive this week, Accern Sentiment Analysis reports. Accern rates the sentiment of media coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Markel earned a news sentiment score of 0.21 on Accern’s scale. Accern also gave media stories about the insurance provider an impact score of 45.7342862545129 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.

Shares of Markel (NYSE:MKL) traded up $2.53 during mid-day trading on Friday, hitting $1,126.69. The stock had a trading volume of 34,808 shares, compared to its average volume of 8,219. The firm has a market capitalization of $15,713.54, a P/E ratio of 250.38 and a beta of 1.05. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.55 and a current ratio of 0.55. Markel has a 1-year low of $612.00 and a 1-year high of $1,157.30.

A number of brokerages have recently issued reports on MKL. Zacks Investment Research downgraded Markel from a “buy” rating to a “hold” rating in a research report on Tuesday, October 3rd. Royal Bank of Canada reaffirmed a “hold” rating and set a $1,050.00 price target on shares of Markel in a research report on Tuesday, October 3rd. SunTrust Banks reaffirmed a “hold” rating and set a $1,100.00 price target on shares of Markel in a research report on Friday, October 27th. Finally, Boenning Scattergood reaffirmed a “buy” rating on shares of Markel in a research report on Thursday, October 26th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $1,066.67.

In related news, Director Lemuel E. Lewis acquired 1,000 shares of the company’s stock in a transaction dated Wednesday, November 8th. The shares were purchased at an average cost of $1,080.96 per share, with a total value of $1,080,960.00. Following the completion of the acquisition, the director now directly owns 5,294 shares of the company’s stock, valued at $5,722,602.24. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Also, Vice Chairman Steven A. Markel sold 200 shares of the business’s stock in a transaction on Thursday, September 28th. The shares were sold at an average price of $1,065.64, for a total transaction of $213,128.00. Following the sale, the insider now directly owns 109,550 shares in the company, valued at $116,740,862. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 2,507 shares of company stock worth $2,736,884. Insiders own 2.53% of the company’s stock.

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Markel 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.

Insider Buying and Selling by Quarter for Markel (NYSE:MKL)

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