ValuEngine upgraded shares of Markel Corporation (NYSE:MKL) from a sell rating to a hold rating in a research note published on Tuesday.

Several other equities analysts have also commented on MKL. Boenning Scattergood set a $1,050.00 price objective on shares of Markel Corporation and gave the company a buy rating in a research report on Wednesday, July 26th. BidaskClub upgraded shares of Markel Corporation from a sell rating to a hold rating in a research report on Wednesday, July 5th. Finally, Zacks Investment Research lowered shares of Markel Corporation from a hold rating to a sell rating in a research report on Tuesday, April 25th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company has an average rating of Hold and an average target price of $1,000.00.

Markel Corporation (MKL) traded up 0.24% during mid-day trading on Tuesday, hitting $1058.22. 27,560 shares of the stock were exchanged. The company has a 50-day moving average of $991.58 and a 200-day moving average of $968.73. The stock has a market capitalization of $14.72 billion, a PE ratio of 36.59 and a beta of 1.03. Markel Corporation has a 52 week low of $811.05 and a 52 week high of $1,086.68.

Markel Corporation (NYSE:MKL) last released its quarterly earnings data on Wednesday, July 26th. The insurance provider reported $9.94 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $6.27 by $3.67. Markel Corporation had a net margin of 7.58% and a return on equity of 4.81%. The business had revenue of $1.46 billion during the quarter, compared to analyst estimates of $1.46 billion. On average, equities analysts predict that Markel Corporation will post $26.32 EPS for the current fiscal year.

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In other Markel Corporation news, Vice Chairman Steven A. Markel sold 3,875 shares of the stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $1,074.48, for a total transaction of $4,163,610.00. Following the completion of the transaction, the insider now owns 109,650 shares in the company, valued at $117,816,732. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 2.53% of the stock is owned by company insiders.

Several large investors have recently added to or reduced their stakes in MKL. Proficio Capital Partners LLC raised its stake in Markel Corporation by 40.3% in the second quarter. Proficio Capital Partners LLC now owns 94 shares of the insurance provider’s stock valued at $101,000 after buying an additional 27 shares during the period. FTB Advisors Inc. purchased a new stake in Markel Corporation during the first quarter valued at about $104,000. Korea Investment CORP raised its stake in Markel Corporation by 138.9% in the second quarter. Korea Investment CORP now owns 129 shares of the insurance provider’s stock valued at $126,000 after buying an additional 75 shares during the period. 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 during the period. Finally, 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 during the period. Hedge funds and other institutional investors own 76.11% of the company’s stock.

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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