News coverage about Markel (NYSE:MKL) has trended somewhat positive this week, Accern Sentiment reports. Accern ranks the sentiment of press coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Markel earned a news sentiment score of 0.13 on Accern’s scale. Accern also assigned news stories about the insurance provider an impact score of 45.036589560648 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
MKL has been the subject of a number of research reports. Zacks Investment Research upgraded Markel from a “hold” rating to a “buy” rating and set a $1,253.00 price objective for the company in a report on Friday, January 5th. Royal Bank of Canada reiterated a “hold” rating and set a $1,200.00 price objective on shares of Markel in a report on Thursday, February 8th. SunTrust Banks increased their price objective on Markel to $1,200.00 and gave the stock a “hold” rating in a report on Thursday, February 8th. Finally, ValuEngine downgraded Markel from a “hold” rating to a “sell” rating in a report on Thursday, March 1st. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company’s stock. Markel has a consensus rating of “Hold” and a consensus target price of $1,172.00.
Markel (NYSE:MKL) traded up $7.57 during trading hours on Tuesday, hitting $1,147.18. The company had a trading volume of 17,755 shares, compared to its average volume of 34,919. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.60 and a current ratio of 0.60. The company has a market capitalization of $15,916.53, a P/E ratio of 44.50 and a beta of 0.95. Markel has a fifty-two week low of $936.95 and a fifty-two week high of $1,157.30.
In related news, Vice Chairman Steven A. Markel sold 200 shares of the stock in a transaction dated Thursday, December 21st. The stock was sold at an average price of $1,132.73, for a total transaction of $226,546.00. Following the completion of the transaction, the insider now directly owns 107,210 shares in the company, valued at $121,439,983.30. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Richard R. Whitt III sold 300 shares of the stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $1,060.02, for a total value of $318,006.00. Following the transaction, the chief executive officer now directly owns 9,652 shares of the company’s stock, valued at $10,231,313.04. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,800 shares of company stock valued at $1,999,650. 2.53% of the stock is owned by corporate insiders.
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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