Markel Corporation (MKL) Lifted to “Hold” at BidaskClub
Markel Corporation (NYSE:MKL) was upgraded by stock analysts at BidaskClub from a “sell” rating to a “hold” rating in a research note issued to investors on Wednesday, July 5th.
A number of other analysts also recently issued reports on MKL. Zacks Investment Research downgraded Markel Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, April 25th. ValuEngine upgraded Markel Corporation from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Markel Corporation has an average rating of “Hold” and a consensus price target of $1,000.00.
Markel Corporation (NYSE:MKL) traded down 0.53% during midday trading on Wednesday, hitting $973.45. The stock had a trading volume of 19,540 shares. Markel Corporation has a 1-year low of $811.05 and a 1-year high of $1,005.62. The firm has a 50-day moving average price of $970.62 and a 200-day moving average price of $951.64. The firm has a market capitalization of $13.57 billion, a price-to-earnings ratio of 40.53 and a beta of 1.01.
COPYRIGHT VIOLATION NOTICE: “Markel Corporation (MKL) Lifted to “Hold” at BidaskClub” was first reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this story on another publication, it was copied illegally and reposted in violation of U.S. and international trademark and copyright law. The original version of this story can be read at https://www.thecerbatgem.com/2017/07/16/markel-corporation-mkl-upgraded-by-bidaskclub-to-hold-updated.html.
Several institutional investors have recently made changes to their positions in MKL. FTB Advisors Inc. acquired a new stake in Markel Corporation during the first quarter valued at about $104,000. West Oak Capital LLC raised its stake in Markel Corporation by 13.0% in the first quarter. West Oak Capital LLC now owns 130 shares of the insurance provider’s stock valued at $127,000 after buying an additional 15 shares in the last quarter. IFP Advisors Inc raised its stake in Markel Corporation by 6.2% in the first quarter. IFP Advisors Inc now owns 137 shares of the insurance provider’s stock valued at $134,000 after buying an additional 8 shares in the last quarter. Cowen Prime Services LLC acquired a new stake in Markel Corporation during the first quarter valued at about $146,000. Finally, Toronto Dominion Bank raised its stake in Markel Corporation by 27.3% in the first quarter. Toronto Dominion Bank now owns 154 shares of the insurance provider’s stock valued at $150,000 after buying an additional 33 shares in the last quarter. Institutional investors own 75.71% of the company’s stock.
About Markel Corporation
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.
Receive News & Stock Ratings for Markel Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Markel Corporation and related stocks with our FREE daily email newsletter.