Markel Co. (MKL) Receives Average Rating of “Hold” from Analysts

Shares of Markel Co. (NYSE:MKL) have earned a consensus rating of “Hold” from the six brokerages that are presently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and one has given a buy recommendation to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $1,200.00.

Several brokerages have weighed in on MKL. SunTrust Banks lifted their price target on shares of Markel to $1,100.00 and gave the company a “hold” rating in a report on Thursday, May 2nd. Deutsche Bank began coverage on shares of Markel in a report on Thursday. They set a “hold” rating on the stock. Zacks Investment Research downgraded shares of Markel from a “hold” rating to a “sell” rating in a report on Thursday. TheStreet raised shares of Markel from a “c” rating to a “b-” rating in a report on Thursday, May 9th. Finally, ValuEngine raised shares of Markel from a “sell” rating to a “hold” rating in a report on Thursday, April 25th.

In other news, Vice Chairman Steven A. Markel sold 100 shares of the business’s stock in a transaction on Monday, February 25th. The shares were sold at an average price of $1,004.41, for a total value of $100,441.00. Following the transaction, the insider now owns 101,417 shares of the company’s stock, valued at $101,864,248.97. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Nora N. Crouch sold 50 shares of the business’s stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $985.27, for a total transaction of $49,263.50. Following the completion of the transaction, the chief accounting officer now directly owns 2,413 shares in the company, valued at approximately $2,377,456.51. The disclosure for this sale can be found here. In the last ninety days, insiders have acquired 400 shares of company stock worth $398,556 and have sold 1,393 shares worth $1,398,416. 2.34% of the stock is owned by insiders.

Several hedge funds have recently added to or reduced their stakes in MKL. Advisory Alpha LLC purchased a new position in shares of Markel in the first quarter worth $28,000. MCF Advisors LLC lifted its holdings in shares of Markel by 52.0% in the first quarter. MCF Advisors LLC now owns 38 shares of the insurance provider’s stock worth $38,000 after buying an additional 13 shares in the last quarter. Lindbrook Capital LLC purchased a new position in shares of Markel in the fourth quarter worth $45,000. We Are One Seven LLC purchased a new position in shares of Markel in the fourth quarter worth $49,000. Finally, Parallel Advisors LLC lifted its holdings in shares of Markel by 31.3% in the fourth quarter. Parallel Advisors LLC now owns 63 shares of the insurance provider’s stock worth $65,000 after buying an additional 15 shares in the last quarter. 75.95% of the stock is currently owned by hedge funds and other institutional investors.

NYSE:MKL traded down $21.81 during trading hours on Thursday, hitting $1,064.59. 47,893 shares of the stock traded hands, compared to its average volume of 53,817. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.55 and a quick ratio of 0.55. Markel has a 1 year low of $950.16 and a 1 year high of $1,228.32. The company has a market capitalization of $14.88 billion, a P/E ratio of 51.86 and a beta of 0.87.

About Markel

Markel Corporation, a diverse financial holding company, markets and underwrites specialty insurance products in the United States, the United Kingdom, Canada, and internationally. It operates through three segments: U.S. Insurance, International Insurance, and Reinsurance. The U.S. Insurance segment offers general and professional liability, property, personal line, program, and workers' compensation insurance products, as well as other insurance product lines, such as ocean marine, surety, CPI, and coverages.

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