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 Trading Up 0.7 %
Shares of Markel stock traded up $8.85 on Thursday, reaching $1,271.89. 33,804 shares of the company's stock were exchanged, compared to its average volume of 56,844. Markel has a 52 week low of $1,162.00 and a 52 week high of $1,519.24. The firm's 50-day moving average is $1,271.75 and its two-hundred day moving average is $1,329.47. 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 company has a market capitalization of $17.20 billion, a P/E ratio of 722.61 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 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 period in the previous year, the company posted $19.14 EPS. Sell-side analysts predict that Markel will post 67.04 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
Several analysts recently commented on the company. Truist Financial reduced their target price on Markel from $1,500.00 to $1,300.00 and set a "hold" rating on the stock in a report on Friday, August 5th. William Blair reiterated an "outperform" rating on shares of Markel in a report on Wednesday, April 27th. TheStreet cut Markel from a "b-" rating to a "c" rating in a report on Friday, August 5th. Finally, Royal Bank of Canada cut their price target on Markel from $1,650.00 to $1,600.00 and set an "outperform" rating on the stock in a report on Thursday, August 4th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $1,450.00.
Insider Buying and Selling
In other news, Director A. Lynne Puckett bought 48 shares of the business's stock in a transaction that occurred on Thursday, August 4th. The shares were bought at an average cost of $1,196.54 per share, for a total transaction of $57,433.92. Following the acquisition, the director now directly owns 873 shares in the company, valued at $1,044,579.42. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO Thomas Sinnickson Gayner purchased 50 shares of the stock in a transaction that occurred on Thursday, August 4th. The stock was acquired at an average cost of $1,202.46 per share, with a total value of $60,123.00. Following the transaction, the chief executive officer now owns 42,077 shares of the company's stock, valued at approximately $50,595,909.42. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director A. Lynne Puckett purchased 48 shares of the stock in a transaction that occurred on Thursday, August 4th. The stock was bought at an average cost of $1,196.54 per share, with a total value of $57,433.92. Following the completion of the transaction, the director now directly 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 owned by company insiders.
