Markel Co. (NYSE: MKL – Get Rating) ‘s stock price reached a new 52-week low during trading on Friday after Truist Financial lowered their price target on the stock from $ 1,500.00 to $ 1,300.00. Truist Financial currently has a hold rating on the stock. Markel traded as low as $ 1,168.11 and last traded at $ 1,170.42, with a volume of 1083 shares traded. The stock had previously closed at $ 1,181.86.
A number of other research analysts also recently issued reports on the stock. William Blair reiterated an “outperform” rating on shares of Markel in a research report on Wednesday, April 27th. 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 for the company in a research report on Thursday. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, Markel currently has an average rating of “Hold” and an average price target of $ 1,450.00.
Insider Transactions at Markel
In other news, Director Anthony F. Markel purchased 80 shares of the stock in a transaction dated Tuesday, May 10th. The shares were purchased at an average cost of $ 1,305.14 per share, with a total value of $ 104,411.20. Following the completion of the acquisition, the director now owns 2,650 shares in the company, valued at approximately $ 3,458,621. The transaction was disclosed in a document filed with the SEC, which is available at this link. In related news, Director Anthony F. Markel acquired 80 shares of the firm’s stock in a transaction that occurred on Tuesday, May 10th. The shares were bought at an average cost of $ 1,305.14 per share, for a total transaction of $ 104,411.20. Following the completion of the transaction, the director now owns 2,650 shares in the company, valued at $ 3,458,621. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Thomas Sinnickson Gayner acquired 50 shares of the firm’s stock in a transaction that occurred on Monday, May 9th. The stock was bought at an average price of $ 1,306.00 per share, for a total transaction of $ 65,300.00. Following the completion of the transaction, the chief executive officer now owns 42,027 shares of the company’s stock, valued at approximately $ 54.887,262. The disclosure for this purchase can be found here. Insiders own 1.74% of the company’s stock.
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of the stock. Harel Insurance Investments & Financial Services Ltd. bought a new position in Markel during the first quarter valued at approximately $ 32,000. Allspring Global Investments Holdings LLC bought a new position in Markel during the fourth quarter valued at approximately $ 88,000. WealthPLAN Partners LLC grew its position in Markel by 7.4% during the fourth quarter. WealthPLAN Partners LLC now owns 289 shares of the insurance provider’s stock valued at $ 356,000 after acquiring an additional 20 shares during the last quarter. IFM Investors Pty Ltd grew its position in Markel by 11.2% during the first quarter. IFM Investors Pty Ltd now owns 2,085 shares of the insurance provider’s stock valued at $ 3,076,000 after acquiring an additional 210 shares during the last quarter. Finally, Nissay Asset Management Corp Japan ADV grew its position in Markel by 2.9% during the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 1,441 shares of the insurance provider’s stock valued at $ 1,778,000 after acquiring an additional 41 shares during the last quarter. 77.07% of the stock is currently owned by institutional investors.
Markel Price Performance
The company has a quick ratio of 0.66, a current ratio of 0.65 and a debt-to-equity ratio of 0.37. The business’s 50-day simple moving average is $ 1,302.96 and its 200 day simple moving average is $ 1,329.63. The firm has a market capitalization of $ 15.84 billion, a P / E ratio of 665.02 and a beta of 0.70.
Markel (NYSE: MKL – Get Rating) last issued its earnings results on Tuesday, August 2nd. The insurance provider reported $ 45.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $ 21.43 by $ 23.59. Markel had a net margin of 0.83% and a return on equity of 6.03%. During the same period in the previous year, the business earned $ 19.14 EPS. Sell-side analysts forecast that Markel Co. will post 71.93 earnings per share for the current year.
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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