SunTrust Banks Increases Markel (MKL) Price Target to $1,200.00

Markel (NYSE:MKL) had its target price upped by SunTrust Banks to $1,200.00 in a research report issued on Thursday, The Fly reports. The brokerage presently has a “hold” rating on the insurance provider’s stock. SunTrust Banks’ price target would indicate a potential upside of 9.49% from the stock’s previous close.

Other analysts have also recently issued reports about the company. Royal Bank of Canada reissued a “hold” rating on shares of Markel in a report on Thursday. Zacks Investment Research cut Markel from a “buy” rating to a “hold” rating in a report on Thursday, January 11th. Finally, Boenning Scattergood reissued a “buy” rating on shares of Markel in a 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 company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $1,134.50.

Shares of Markel (NYSE MKL) traded down $7.92 during trading hours on Thursday, reaching $1,096.00. The company’s stock had a trading volume of 11,762 shares, compared to its average volume of 41,673. The company has a market cap of $15,260.00, a PE ratio of 42.51 and a beta of 0.95. Markel has a 12-month low of $612.00 and a 12-month high of $1,157.30. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.55 and a quick ratio of 0.55.

In other news, Vice Chairman Steven A. Markel sold 200 shares of the company’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $1,143.47, for a total value of $228,694.00. Following the completion of the sale, the insider now directly owns 106,360 shares of the company’s stock, valued at approximately $121,619,469.20. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Alan I. Kirshner sold 100 shares of the company’s stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $1,133.50, for a total value of $113,350.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 2,138 shares of company stock valued at $2,373,344. 2.53% of the stock is currently owned by company insiders.

Hedge funds have recently made changes to their positions in the company. Mar Vista Investment Partners LLC grew its position in shares of Markel by 15.9% in the 4th quarter. Mar Vista Investment Partners LLC now owns 133,921 shares of the insurance provider’s stock valued at $152,553,000 after purchasing an additional 18,326 shares during the period. Swiss National Bank grew its position in shares of Markel by 1.6% in the 4th quarter. Swiss National Bank now owns 83,890 shares of the insurance provider’s stock valued at $95,562,000 after purchasing an additional 1,300 shares during the period. California Public Employees Retirement System grew its position in shares of Markel by 8.3% in the 4th quarter. California Public Employees Retirement System now owns 31,866 shares of the insurance provider’s stock valued at $36,300,000 after purchasing an additional 2,432 shares during the period. M&T Bank Corp grew its position in shares of Markel by 15.9% in the 4th quarter. M&T Bank Corp now owns 5,421 shares of the insurance provider’s stock valued at $6,176,000 after purchasing an additional 743 shares during the period. Finally, Anchor Capital Advisors LLC grew its position in shares of Markel by 15.8% in the 4th quarter. Anchor Capital Advisors LLC now owns 25,459 shares of the insurance provider’s stock valued at $29,001,000 after purchasing an additional 3,473 shares during the period. 76.82% of the stock is owned by institutional investors.

WARNING: “SunTrust Banks Increases Markel (MKL) Price Target to $1,200.00” was first reported by Community Financial News and is owned by of Community Financial News. If you are accessing this article on another website, it was copied illegally and reposted in violation of United States and international copyright and trademark law. The original version of this article can be viewed at https://www.com-unik.info/2018/02/08/suntrust-banks-increases-markel-mkl-price-target-to-1200-00.html.

About Markel

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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