Markel (NYSE:MKL) Reaches New 12-Month Low at $1,160.02

Shares of Markel Co. (NYSE:MKLGet Rating) hit a new 52-week low during trading on Wednesday . The stock traded as low as $1,160.02 and last traded at $1,167.50, with a volume of 621 shares traded. The stock had previously closed at $1,176.20.

Analyst Upgrades and Downgrades

MKL has been the topic of several research analyst reports. Royal Bank of Canada reduced their price target on shares of Markel from $1,650.00 to $1,600.00 and set an “outperform” rating on the stock in a research report on Thursday, August 4th. TheStreet cut shares of Markel from a “b-” rating to a “c” rating in a report on Friday, August 5th. Finally, Truist Financial cut their target price on shares of Markel from $1,500.00 to $1,300.00 and set a “hold” rating on the stock in a report on Friday, August 5th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $1,450.00.

Markel Stock Down 1.8 %

The stock’s fifty day simple moving average is $1,221.15 and its 200-day simple moving average is $1,319.93. The stock has a market cap of $15.12 billion, a P/E ratio of 635.58 and a beta of 0.71. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.65 and a quick ratio of 0.65.

Markel (NYSE:MKLGet Rating) last released its quarterly earnings results on Tuesday, August 2nd. The insurance provider reported $45.02 earnings per share for the quarter, beating analysts’ consensus estimates of $21.43 by $23.59. Markel had a return on equity of 6.03% and a net margin of 0.83%. During the same quarter in the previous year, the firm earned $19.14 EPS. On average, research analysts anticipate that Markel Co. will post 67.04 earnings per share for the current year.

Insider Activity at Markel

In related news, Director A. Lynne Puckett acquired 83 shares of the company’s stock in a transaction dated Tuesday, August 23rd. The shares were bought at an average price of $1,213.86 per share, for a total transaction of $100,750.38. Following the acquisition, the director now owns 956 shares in the company, valued at approximately $1,160,450.16. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Markel news, Director A. Lynne Puckett acquired 83 shares of the business’s stock in a transaction that occurred on Tuesday, August 23rd. The shares were acquired at an average cost of $1,213.86 per share, for a total transaction of $100,750.38. Following the completion of the acquisition, the director now directly owns 956 shares of the company’s stock, valued at approximately $1,160,450.16. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Thomas Sinnickson Gayner bought 50 shares of the stock in a transaction on Thursday, August 4th. The stock was purchased at an average cost of $1,202.46 per share, with a total value of $60,123.00. Following the purchase, the chief executive officer now directly owns 42,077 shares of the company’s stock, valued at approximately $50,595,909.42. The disclosure for this purchase can be found here. In the last 90 days, insiders acquired 181 shares of company stock valued at $218,307. Insiders own 1.74% of the company’s stock.

Institutional Trading of Markel

Large investors have recently added to or reduced their stakes in the company. JFS Wealth Advisors LLC lifted its stake in shares of Markel by 500.0% during the 1st quarter. JFS Wealth Advisors LLC now owns 18 shares of the insurance provider’s stock worth $27,000 after buying an additional 15 shares during the last quarter. Riverview Trust Co acquired a new stake in Markel during the 1st quarter worth approximately $32,000. Harel Insurance Investments & Financial Services Ltd. acquired a new position in shares of Markel in the 1st quarter worth approximately $32,000. Clearstead Advisors LLC acquired a new position in shares of Markel in the 1st quarter worth approximately $38,000. Finally, Evolution Advisers Inc. increased its stake in shares of Markel by 300.0% in the 2nd quarter. Evolution Advisers Inc. now owns 28 shares of the insurance provider’s stock valued at $38,000 after acquiring an additional 21 shares in the last quarter. Institutional investors and hedge funds own 77.56% of the company’s stock.

Markel Company Profile

(Get Rating)

Markel Corporation, a diverse financial holding company, markets and underwrites specialty insurance products in the United States, Bermuda, the United Kingdom, rest of Europe, Canada, the Asia Pacific, and the Middle East. Its Insurance segment offers general and professional liability, personal lines, marine and energy, specialty programs, and workers' compensation insurance products; and property coverages that include fire, allied lines, and other specialized property coverages, including catastrophe-exposed property risks, such as earthquake and wind.

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