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 Price Performance

MKL Stock opened at $1,227.66 on Friday. Markel has a 1 year low of $1,162.00 and a 1 year high of $1,519.24. 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's 50 day moving average price is $1,280.24 and its 200 day moving average price is $1,328.30. The firm has a market cap of $16.60 billion, a P/E ratio of 697.54 and a beta of 0.70.

Markel (NYSE:MKL - Get Rating) last posted its earnings results on Tuesday, August 2nd. The insurance provider reported $45.02 earnings per share (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 period last year, the company posted $19.14 EPS. On average, sell-side analysts expect that Markel will post 67.04 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on MKL. Royal Bank of Canada decreased their price target on Markel from $1,650.00 to $1,600.00 and set an "outperform" rating on the stock in a research note on Thursday, August 4th. Truist Financial decreased their price target on Markel from $1,500.00 to $1,300.00 and set a "hold" rating on the stock in a research note on Friday, August 5th. William Blair reissued an "outperform" rating on shares of Markel in a research note on Wednesday, April 27th. Finally, TheStreet lowered Markel from a "b-" rating to a "c" rating in a research note on Friday, August 5th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, Markel currently has a consensus rating of "Hold" and an average target price of $1,450.00.

Insider Buying and Selling at Markel

In other Markel news, CEO Thomas Sinnickson Gayner purchased 50 shares of the business's stock in a transaction on Thursday, August 4th. The stock was bought at an average cost of $1,202.46 per share, for a total transaction of $60,123.00. Following the acquisition, the chief executive officer now owns 42,077 shares of the company's stock, valued at approximately $50,595,909.42. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Markel news, CEO Thomas Sinnickson Gayner purchased 50 shares of the business's stock in a transaction on Thursday, August 4th. The stock was bought at an average cost of $1,202.46 per share, for a total transaction of $60,123.00. Following the acquisition, the chief executive officer now owns 42,077 shares of the company's stock, valued at approximately $50,595,909.42. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director A. Lynne Puckett purchased 48 shares of the business's stock in a transaction on Thursday, August 4th. The stock was acquired 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 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 currently owned by insiders.