Markel Reaches New 52-Week High at $648.90 (MKL)
Shares of Markel (NYSE:MKL) hit a new 52-week high during trading on Monday , AR Network reports. The company traded as high as $648.90 and last traded at $646.00, with a volume of 16,553 shares trading hands. The stock had previously closed at $645.38.
A number of analysts have recently weighed in on MKL shares. Analysts at Keefe, Bruyette & Woods raised their price target on shares of Markel from $560.00 to $615.00 in a research note on Monday, May 12th. Separately, analysts at Zacks downgraded shares of Markel from a “neutral” rating to an “underperform” rating in a research note on Monday, May 12th. They now have a $632.80 price target on the stock. Finally, analysts at RBC Capital raised their price target on shares of Markel from $610.00 to $675.00 in a research note on Friday, May 9th.
The stock has a 50-day moving average of $630.5 and a 200-day moving average of $587.7. The company has a market cap of $9.026 billion and a P/E ratio of 31.66.
Markel (NYSE:MKL) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $6.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.72 by $0.53. On average, analysts predict that Markel will post $23.38 earnings per share for the current fiscal year.
Markel Corporation is a financial holding company serving a range of markets. The Company markets and underwrites specialty insurance products.
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