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.

Analysts Set New Price Targets

Several analysts have issued reports on MKL shares. Royal Bank of Canada lowered their price objective 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, August 4th. William Blair reaffirmed an "outperform" rating on shares of Markel in a research report on Wednesday, April 27th. TheStreet downgraded shares of Markel from a "b-" rating to a "c" rating in a research report on Friday. Finally, Truist Financial lowered their price objective on shares of Markel from $1,500.00 to $1,300.00 and set a "hold" rating for the company in a research report on Friday. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $1,450.00.

Markel Stock Down 0.8 %

Shares of Markel stock traded down $9.18 on Tuesday, hitting $1,177.58. 68,058 shares of the company's stock traded hands, compared to its average volume of 57,421. The stock has a market cap of $15.93 billion, a P/E ratio of 669.08 and a beta of 0.70. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.37. The firm's 50-day moving average is $1,290.06 and its 200 day moving average is $1,329.01. Markel has a 52-week low of $1,162.00 and a 52-week high of $1,519.24.

Markel (NYSE:MKL - Get Rating) last released its earnings results on Tuesday, August 2nd. The insurance provider reported $45.02 EPS for the quarter, beating the consensus estimate 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 company posted $19.14 earnings per share. Equities analysts anticipate that Markel will post 71.93 earnings per share for the current year.

Insider Buying and Selling

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