Markel - MKL Stock Forecast, Price & News

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. This segment also offers credit and surety products, and collateral protection insurance products. The company's Reinsurance segment offers transaction, healthcare, and environmental impairment liability; and specialty treaty reinsurance products comprising structured and whole turnover credit, political risk, mortgage and contract, and commercial surety reinsurance programs. Its Markel Ventures segment provides equipment used in baking systems and food processing; portable dredges; over-the-road car haulers and transportation equipment; and laminated oak and composite wood flooring, tube and tank trailers, as well as ornamental plants and residential homes, handbags, and architectural products. This segment also provides consulting, and other types of services to businesses and consumers, including distribution of exterior building products, crane rental, fire protection, and life safety services, management and technology consulting, and retail intelligence services. The company's Other segment provides healthcare, leasing and investment services, as well as operates as an insurance and investment fund manager offering a range of investment products, including insurance-linked securities, catastrophe bonds, insurance swaps, and weather derivatives; and program services. it also manages funds with third parties. Markel Corporation was founded in 1930 and is based in Glen Allen, Virginia.

Markel Stock Up 0.8 %

MKL opened at $1,227.66 on Monday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.65 and a current ratio of 0.65. The stock has a fifty day moving average of $1,280.24 and a 200-day moving average of $1,330.27. Markel has a fifty-two week low of $1,162.00 and a fifty-two week high of $1,519.24. The company has a market capitalization of $16.60 billion, a P/E ratio of 697.54 and a beta of 0.70.

Markel (NYSE:MKL - Get Rating) last released its quarterly earnings results on Tuesday, August 2nd. The insurance provider reported $45.02 earnings per share (EPS) for the quarter, beating 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 quarter in the prior year, the company earned $19.14 earnings per share. On average, equities analysts expect that Markel will post 67.04 EPS for the current year.

Analyst Ratings Changes

MKL has been the subject of several analyst reports. Royal Bank of Canada reduced their target price on Markel from $1,650.00 to $1,600.00 and set an "outperform" rating for the company in a report on Thursday, August 4th. William Blair reiterated an "outperform" rating on shares of Markel in a research report on Wednesday, April 27th. TheStreet cut shares of Markel from a "b-" rating to a "c" rating in a research note on Friday, August 5th. Finally, Truist Financial decreased their price objective 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 investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $1,450.00.

Insider Activity at Markel

In other Markel news, Director A. Lynne Puckett acquired 48 shares of the business's stock in a transaction dated Thursday, August 4th. The stock was bought at an average price of $1,196.54 per share, with a total value of $57,433.92. Following the completion of the acquisition, the director now owns 873 shares of the company's stock, valued at $1,044,579.42. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, Director A. Lynne Puckett bought 48 shares of the company's stock in a transaction that occurred on Thursday, August 4th. The stock was bought at an average price of $1,196.54 per share, for a total transaction of $57,433.92. Following the transaction, the director now directly owns 873 shares of the company's stock, valued at approximately $1,044,579.42. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Thomas Sinnickson Gayner purchased 50 shares of Markel stock in a transaction on Thursday, August 4th. The shares were acquired at an average price of $1,202.46 per share, for a total transaction of $60,123.00. Following the completion of the transaction, the chief executive officer now directly owns 42,077 shares of the company's stock, valued at $50,595,909.42. The disclosure for this purchase can be found here. 1.74% of the stock is currently owned by company insiders.