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 Performance

Shares of NYSE:MKL traded down $0.58 during trading on Wednesday, reaching $1,263.04. 30,207 shares of the stock traded hands, compared to its average volume of 56,990. Markel has a 52-week low of $1,162.00 and a 52-week high of $1,519.24. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.65 and a quick ratio of 0.65. The company has a 50-day moving average of $1,271.75 and a 200-day moving average of $1,329.47. The stock has a market capitalization of $17.08 billion, a P/E ratio of 717.64 and a beta of 0.70.

Markel (NYSE:MKL - Get Rating) last issued its quarterly earnings results on Tuesday, August 2nd. The insurance provider reported $45.02 EPS 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 posted $19.14 EPS. Analysts forecast that Markel will post 67.04 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Royal Bank of Canada decreased their price target 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. Truist Financial cut their price objective on Markel from $1,500.00 to $1,300.00 and set a "hold" rating on the stock in a research report on Friday, August 5th. William Blair reissued an "outperform" rating on shares of Markel in a research report on Wednesday, April 27th. Finally, TheStreet cut Markel from a "b-" rating to a "c" rating in a research 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 company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $1,450.00.

Insider Activity at Markel

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