ValuEngine downgraded shares of Markel (NYSE:MKL) from a hold rating to a sell rating in a research note released on Thursday, ValuEngine reports.

Separately, Royal Bank of Canada upgraded Markel from a sector perform rating to an outperform rating and increased their price objective for the stock from $1,250.00 to $1,325.00 in a report on Thursday, December 5th. Two analysts have rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. The company currently has an average rating of Hold and a consensus price target of $1,136.50.

Shares of NYSE MKL traded up $3.91 during mid-day trading on Thursday, reaching $1,323.64. 23,602 shares of the company’s stock were exchanged, compared to its average volume of 37,626. The firm has a market capitalization of $17.88 billion, a price-to-earnings ratio of 10.26 and a beta of 0.73. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.37. The business has a fifty day simple moving average of $1,190.88 and a 200 day simple moving average of $1,155.70. Markel has a twelve month low of $950.16 and a twelve month high of $1,325.23.

Markel (NYSE:MKL) last released its quarterly earnings results on Tuesday, February 4th. The insurance provider reported $36.26 EPS for the quarter, topping the Zacks’ consensus estimate of $7.07 by $29.19. The company had revenue of $2.05 billion for the quarter, compared to analyst estimates of $2.07 billion. Markel had a return on equity of 5.61% and a net margin of 18.81%. Equities research analysts predict that Markel will post 39.76 earnings per share for the current fiscal year.

In other Markel news, Vice Chairman Steven A. Markel sold 249 shares of the firm’s stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $1,125.00, for a total value of $280,125.00. Following the completion of the transaction, the insider now directly owns 89,383 shares in the company, valued at $100,555,875. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Chairman Alan I. Kirshner sold 400 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $1,144.69, for a total value of $457,876.00. Following the completion of the transaction, the chairman now owns 20,853 shares of the company’s stock, valued at $23,870,220.57. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,650 shares of company stock valued at $1,871,099. Corporate insiders own 2.34% of the company’s stock.

A number of hedge funds have recently bought and sold shares of MKL. Amundi Pioneer Asset Management Inc. lifted its position in shares of Markel by 0.6% in the first quarter. Amundi Pioneer Asset Management Inc. now owns 9,658 shares of the insurance provider’s stock valued at $9,622,000 after buying an additional 56 shares during the last quarter. Simplex Trading LLC acquired a new stake in Markel during the 3rd quarter worth approximately $88,000. Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in Markel by 16.3% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 894 shares of the insurance provider’s stock worth $1,056,000 after purchasing an additional 125 shares during the last quarter. Assenagon Asset Management S.A. acquired a new stake in Markel during the 3rd quarter worth approximately $382,000. Finally, Signaturefd LLC lifted its holdings in Markel by 20.7% during the 3rd quarter. Signaturefd LLC now owns 105 shares of the insurance provider’s stock worth $124,000 after purchasing an additional 18 shares during the last quarter. Hedge funds and other institutional investors own 75.66% of the company’s stock.

Markel Company Profile

Markel Corporation, a diverse financial holding company, markets and underwrites specialty insurance products in the United States, the United Kingdom, Canada, and internationally. Its Insurance segment offers general and professional liability, property, personal lines, marine and energy, specialty programs, and workers' compensation insurance products.

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