Markel (NYSE:MKL) Downgraded by ValuEngine to Sell

ValuEngine cut shares of Markel (NYSE:MKL) from a hold rating to a sell rating in a report released on Thursday, ValuEngine reports.

Separately, Royal Bank of Canada upgraded Markel from a sector perform rating to an outperform rating and boosted their price objective for the stock from $1,250.00 to $1,325.00 in a research report on Thursday, December 5th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the stock. The company has a consensus rating of Hold and a consensus price target of $1,136.50.

MKL stock traded up $3.91 during midday trading on Thursday, reaching $1,323.64. 23,602 shares of the stock were exchanged, compared to its average volume of 37,626. The stock has a market capitalization of $17.88 billion, a PE ratio of 10.26 and a beta of 0.73. Markel has a 52 week low of $950.16 and a 52 week high of $1,325.23. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.60 and a quick ratio of 0.60. The company has a fifty day moving average price of $1,190.88 and a 200 day moving average price of $1,155.70.

Markel (NYSE:MKL) last issued its quarterly earnings data on Tuesday, February 4th. The insurance provider reported $36.26 earnings per share for the quarter, topping analysts’ consensus estimates of $7.07 by $29.19. The business had revenue of $2.05 billion for the quarter, compared to analyst estimates of $2.07 billion. Markel had a return on equity of 5.61% and a net margin of 18.81%. As a group, analysts anticipate that Markel will post 39.76 earnings per share for the current fiscal year.

In other Markel news, Chairman Alan I. Kirshner sold 400 shares of the company’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $1,144.69, for a total value of $457,876.00. Following the sale, the chairman now owns 20,853 shares in the company, valued at approximately $23,870,220.57. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Vice Chairman Steven A. Markel sold 249 shares of the company’s stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $1,125.00, for a total value of $280,125.00. Following the completion of the sale, the insider now owns 89,383 shares in the company, valued at approximately $100,555,875. The disclosure for this sale can be found here. Insiders sold a total of 1,650 shares of company stock worth $1,871,099 in the last quarter. Corporate insiders own 2.34% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Security National Trust Co. bought a new stake in shares of Markel in the 4th quarter valued at about $26,000. B & T Capital Management DBA Alpha Capital Management acquired a new position in shares of Markel in the 3rd quarter valued at about $30,000. Prime Capital Investment Advisors LLC acquired a new position in shares of Markel in the 3rd quarter valued at about $31,000. Wealthcare Advisory Partners LLC lifted its stake in shares of Markel by 52.6% in the 3rd quarter. Wealthcare Advisory Partners LLC now owns 29 shares of the insurance provider’s stock valued at $34,000 after purchasing an additional 10 shares during the period. Finally, Carmichael Hill & Associates Inc. acquired a new position in shares of Markel in the 4th quarter valued at about $34,000. Hedge funds and other institutional investors own 75.66% of the company’s stock.

About Markel

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.

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