News coverage about Markel (NYSE:MKL) has trended somewhat positive recently, according to Accern Sentiment. The research firm identifies negative and positive media coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Markel earned a media sentiment score of 0.21 on Accern’s scale. Accern also assigned press coverage about the insurance provider an impact score of 45.7292652477135 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
These are some of the news stories that may have effected Accern Sentiment’s scoring:
Shares of Markel (MKL) traded up $9.02 during midday trading on Wednesday, hitting $1,147.69. 51,917 shares of the stock were exchanged, compared to its average volume of 42,582. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.55 and a current ratio of 0.55. The stock has a market cap of $15,475.02, a P/E ratio of 255.04 and a beta of 1.04. Markel has a 12-month low of $612.00 and a 12-month high of $1,157.30.
A number of brokerages have recently issued reports on MKL. Zacks Investment Research raised shares of Markel from a “hold” rating to a “buy” rating and set a $1,238.00 price target on the stock in a report on Friday, January 12th. Boenning Scattergood reaffirmed a “buy” rating on shares of Markel in a report on Thursday, October 26th. Royal Bank of Canada reaffirmed a “hold” rating and set a $1,050.00 price target on shares of Markel in a report on Tuesday, October 3rd. Finally, SunTrust Banks reaffirmed a “hold” rating and set a $1,100.00 price target on shares of Markel in a report on Friday, October 27th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $1,109.50.
In other news, insider Alan I. Kirshner sold 100 shares of the firm’s stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $1,133.50, for a total transaction of $113,350.00. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Vice Chairman Steven A. Markel sold 200 shares of the firm’s stock in a transaction that occurred on Thursday, November 9th. The stock was sold at an average price of $1,071.94, for a total transaction of $214,388.00. Following the completion of the transaction, the insider now directly owns 108,950 shares in the company, valued at approximately $116,787,863. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 2,138 shares of company stock worth $2,359,038. Insiders own 2.53% of the company’s stock.
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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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