Shares of Markel Co. (NYSE:MKL) have been given an average rating of “Buy” by the six research firms that are covering the company, MarketBeat reports. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $1,134.33.
A number of research firms recently issued reports on MKL. Zacks Investment Research raised shares of Markel from a “hold” rating to a “buy” rating and set a $1,253.00 price target for the company in a research note on Friday, January 5th. SunTrust Banks reissued a “hold” rating and issued a $1,100.00 price target on shares of Markel in a research note on Friday, October 27th. Royal Bank of Canada reissued a “hold” rating and issued a $1,050.00 price target on shares of Markel in a research note on Tuesday, October 3rd. Finally, Boenning Scattergood reissued a “buy” rating on shares of Markel in a research note on Thursday, October 26th.
In related news, Vice Chairman Steven A. Markel sold 200 shares of the stock in a transaction dated Thursday, January 4th. The shares were sold at an average price of $1,115.78, for a total value of $223,156.00. Following the completion of the transaction, the insider now directly owns 106,712 shares of the company’s stock, valued at $119,067,115.36. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Alan I. Kirshner sold 100 shares of the firm’s stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $1,133.50, for a total transaction of $113,350.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 2,307 shares of company stock valued at $2,535,956. 2.53% of the stock is owned by insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in the business. Simplex Trading LLC increased its stake in shares of Markel by 169.1% during the fourth quarter. Simplex Trading LLC now owns 148 shares of the insurance provider’s stock valued at $168,000 after purchasing an additional 93 shares in the last quarter. Parametric Portfolio Associates LLC increased its stake in shares of Markel by 4.4% during the third quarter. Parametric Portfolio Associates LLC now owns 24,398 shares of the insurance provider’s stock valued at $26,057,000 after purchasing an additional 1,029 shares in the last quarter. IFM Investors Pty Ltd bought a new position in shares of Markel during the third quarter valued at approximately $478,000. Stonebridge Capital Advisors LLC bought a new position in shares of Markel during the third quarter valued at approximately $219,000. Finally, Bares Capital Management Inc. increased its stake in shares of Markel by 6.8% during the third quarter. Bares Capital Management Inc. now owns 125,152 shares of the insurance provider’s stock valued at $133,660,000 after purchasing an additional 7,964 shares in the last quarter. 76.79% of the stock is owned by institutional investors and hedge funds.
Markel (NYSE MKL) opened at $1,106.33 on Thursday. Markel has a one year low of $612.00 and a one year high of $1,157.30. The stock has a market cap of $15,370.00, a PE ratio of 246.40 and a beta of 1.04. The company has a quick ratio of 0.55, a current ratio of 0.55 and a debt-to-equity ratio of 0.28.
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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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