News coverage about Markel Corporation (NYSE:MKL) has been trending somewhat positive this week, Accern Sentiment reports. Accern ranks the sentiment of press coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Markel Corporation earned a news impact score of 0.23 on Accern’s scale. Accern also assigned news articles about the insurance provider an impact score of 46.1392793805471 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Here are some of the media stories that may have impacted Accern Sentiment’s rankings:
Shares of Markel Corporation (NYSE MKL) traded up $10.60 during trading hours on Wednesday, reaching $1,088.42. 29,000 shares of the company’s stock traded hands, compared to its average volume of 30,738. The company has a quick ratio of 0.55, a current ratio of 0.55 and a debt-to-equity ratio of 0.28. Markel Corporation has a 52-week low of $867.02 and a 52-week high of $1,105.23. The company has a market cap of $14,888.78, a PE ratio of 351.40 and a beta of 1.05.
Several equities research analysts have commented on MKL shares. Boenning Scattergood set a $1,050.00 price target on shares of Markel Corporation and gave the stock a “buy” rating in a research report on Wednesday, July 26th. SunTrust Banks, Inc. reissued a “hold” rating and set a $1,100.00 price target on shares of Markel Corporation in a research report on Friday, October 27th. ValuEngine raised shares of Markel Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, August 1st. Royal Bank Of Canada reissued a “hold” rating and set a $1,050.00 price target on shares of Markel Corporation in a research report on Tuesday, October 3rd. Finally, BidaskClub raised shares of Markel Corporation from a “hold” rating to a “buy” rating in a research report on Thursday, August 3rd. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $1,066.67.
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In other news, Vice Chairman Steven A. Markel sold 200 shares of the company’s stock in a transaction dated Thursday, September 28th. The shares were sold at an average price of $1,065.64, for a total value of $213,128.00. Following the sale, the insider now directly owns 109,550 shares of the company’s stock, valued at approximately $116,740,862. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Richard R. Whitt III sold 100 shares of the company’s stock in a transaction dated Monday, August 21st. The shares were sold at an average price of $1,050.00, for a total transaction of $105,000.00. Following the completion of the sale, the chief executive officer now directly owns 11,939 shares in the company, valued at $12,535,950. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,869 shares of company stock worth $1,988,182. 2.53% of the stock is owned by insiders.
Markel Corporation 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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