Markel Co. (MKL) Receives $1,200.00 Consensus Price Target from Analysts
Shares of Markel Co. (NYSE:MKL) have been given an average rating of “Hold” by the six analysts that are currently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $1,200.00.
Several brokerages have issued reports on MKL. ValuEngine lowered Markel from a “hold” rating to a “sell” rating in a research note on Thursday. SunTrust Banks lifted their price target on Markel to $1,200.00 and gave the stock a “hold” rating in a research note on Thursday, February 8th. Royal Bank of Canada reaffirmed a “hold” rating and set a $1,200.00 price target on shares of Markel in a research note on Thursday, February 8th. Finally, Zacks Investment Research lowered Markel from a “buy” rating to a “hold” rating in a research note on Thursday, January 11th.
In other news, Vice Chairman Steven A. Markel sold 200 shares of the business’s stock in a transaction dated Thursday, December 7th. The stock was sold at an average price of $1,100.58, for a total value of $220,116.00. Following the completion of the sale, the insider now owns 108,530 shares of the company’s stock, valued at approximately $119,445,947.40. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Alan I. Kirshner sold 100 shares of the business’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. In the last ninety days, insiders have sold 2,838 shares of company stock valued at $3,143,644. Corporate insiders own 2.53% of the company’s stock.
Markel (NYSE MKL) traded down $4.90 during trading hours on Friday, reaching $1,111.40. The company had a trading volume of 3,928 shares, compared to its average volume of 36,211. The company has a market capitalization of $15,517.58, a price-to-earnings ratio of 43.06 and a beta of 0.95. Markel has a 12 month low of $936.95 and a 12 month high of $1,157.30. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.33.
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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.
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