Markel Corporation (NYSE:MKL) Given Consensus Rating of “Hold” by Analysts
Markel Corporation (NYSE:MKL) has been assigned an average recommendation of “Hold” from the six research firms that are presently covering the stock, MarketBeat.com reports. Five investment analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $1,000.00.
A number of equities analysts recently issued reports on MKL shares. Zacks Investment Research lowered Markel Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, April 25th. BidaskClub lowered Markel Corporation from a “hold” rating to a “sell” rating in a report on Thursday, June 22nd. Finally, ValuEngine raised Markel Corporation from a “sell” rating to a “hold” rating in a report on Friday, June 2nd.
A number of institutional investors have recently modified their holdings of the stock. FTB Advisors Inc. purchased a new position in shares of Markel Corporation during the first quarter worth about $104,000. West Oak Capital LLC raised its position in shares of Markel Corporation by 13.0% in the first quarter. West Oak Capital LLC now owns 130 shares of the insurance provider’s stock worth $127,000 after buying an additional 15 shares during the last quarter. IFP Advisors Inc raised its position in shares of Markel Corporation by 6.2% in the first quarter. IFP Advisors Inc now owns 137 shares of the insurance provider’s stock worth $134,000 after buying an additional 8 shares during the last quarter. Cowen Prime Services LLC purchased a new position in shares of Markel Corporation during the first quarter worth about $146,000. Finally, Toronto Dominion Bank raised its position in shares of Markel Corporation by 27.3% in the first quarter. Toronto Dominion Bank now owns 154 shares of the insurance provider’s stock worth $150,000 after buying an additional 33 shares during the last quarter. 75.80% of the stock is owned by hedge funds and other institutional investors.
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Markel Corporation (NYSE:MKL) traded down 0.22% during mid-day trading on Tuesday, hitting $979.89. The stock had a trading volume of 4,918 shares. Markel Corporation has a 12-month low of $811.05 and a 12-month high of $1,005.62. The company has a 50-day moving average of $970.62 and a 200-day moving average of $951.64. The stock has a market cap of $13.66 billion, a price-to-earnings ratio of 40.78 and a beta of 1.01.
Markel Corporation Company Profile
Markel Corporation is a financial holding company serving a range of markets. The Company’s principal business markets and underwrites specialty insurance products. It monitors and reports its ongoing underwriting operations in three segments: U.S. Insurance, International Insurance and Reinsurance. The Company, through its subsidiary Markel Ventures, Inc (Markel Ventures), owns interests in various industrial and service businesses that operate outside of the specialty insurance marketplace.
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