Markel Co. (NYSE:MKL) Given Consensus Recommendation of “Hold” by Analysts

Shares of Markel Co. (NYSE:MKL) have been given an average rating of “Hold” by the six ratings firms that are currently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating on the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $1,050.00.

Several equities research analysts have weighed in on the company. Deutsche Bank assumed coverage on Markel in a research note on Thursday, May 23rd. They set a “hold” rating and a $1,000.00 target price for the company. Boenning Scattergood restated an “outperform” rating on shares of Markel in a research note on Monday, July 1st. SunTrust Banks upped their target price on Markel to $1,100.00 and gave the stock a “hold” rating in a research note on Thursday, May 2nd. ValuEngine downgraded shares of Ultrapar Participacoes from a “sell” rating to a “strong sell” rating in a report on Thursday, April 25th. Finally, Zacks Investment Research upgraded shares of Investors Real Estate Trust Reit from a “sell” rating to a “hold” rating in a report on Thursday, May 23rd.

In other Markel news, Vice Chairman Steven A. Markel sold 900 shares of the stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $1,100.41, for a total value of $990,369.00. Following the completion of the sale, the insider now owns 99,855 shares in the company, valued at approximately $109,881,440.55. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Vice Chairman Steven A. Markel sold 100 shares of the stock in a transaction dated Monday, April 22nd. The shares were sold at an average price of $1,011.30, for a total transaction of $101,130.00. Following the completion of the sale, the insider now owns 100,625 shares of the company’s stock, valued at approximately $101,762,062.50. The disclosure for this sale can be found here. Insiders sold 1,243 shares of company stock valued at $1,358,341 over the last 90 days. 2.34% of the stock is currently owned by company insiders.

A number of large investors have recently bought and sold shares of the business. Advisory Alpha LLC purchased a new stake in shares of Markel during the 1st quarter worth approximately $28,000. MCF Advisors LLC boosted its holdings in Markel by 52.0% in the 1st quarter. MCF Advisors LLC now owns 38 shares of the insurance provider’s stock valued at $38,000 after purchasing an additional 13 shares during the period. Lindbrook Capital LLC boosted its holdings in Markel by 45.5% in the 1st quarter. Lindbrook Capital LLC now owns 64 shares of the insurance provider’s stock valued at $63,000 after purchasing an additional 20 shares during the period. NEXT Financial Group Inc boosted its holdings in Markel by 40.4% in the 2nd quarter. NEXT Financial Group Inc now owns 66 shares of the insurance provider’s stock valued at $72,000 after purchasing an additional 19 shares during the period. Finally, Covington Capital Management bought a new position in Markel in the 4th quarter valued at $83,000. Hedge funds and other institutional investors own 75.87% of the company’s stock.

Shares of MKL stock traded down $9.26 during trading on Friday, hitting $1,091.30. The company had a trading volume of 262 shares, compared to its average volume of 31,634. The company has a quick ratio of 0.55, a current ratio of 0.55 and a debt-to-equity ratio of 0.31. The company has a market cap of $15.43 billion, a price-to-earnings ratio of 53.13 and a beta of 0.80. The stock’s 50-day simple moving average is $1,088.68. Markel has a one year low of $950.16 and a one year high of $1,228.32.

Markel (NYSE:MKL) last released its earnings results on Tuesday, April 30th. The insurance provider reported $9.24 earnings per share for the quarter, missing the consensus estimate of $9.41 by ($0.17). Markel had a return on equity of 8.76% and a net margin of 6.73%. The business had revenue of $1.86 billion for the quarter, compared to the consensus estimate of $1.87 billion. On average, analysts predict that Markel will post 37.66 EPS for the current year.

Markel Company Profile

Markel Corporation, a diverse financial holding company, markets and underwrites specialty insurance products in the United States, the United Kingdom, Canada, and internationally. Its Insurance segment offers general and professional liability, property, personal lines, marine and energy, specialty programs, and workers' compensation insurance products.

Further Reading: Put Option

Receive News & Ratings for Markel Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Markel and related companies with MarketBeat.com's FREE daily email newsletter.