Markel (NYSE:MKL) had its target price increased by stock analysts at SunTrust Banks to $1,200.00 in a report released on Thursday, The Fly reports. The firm currently has a “hold” rating on the insurance provider’s stock. SunTrust Banks’ price objective indicates a potential upside of 10.60% from the company’s previous close. SunTrust Banks also issued estimates for Markel’s FY2019 earnings at $36.63 EPS.
A number of other research firms have also recently commented on MKL. Royal Bank of Canada reiterated a “hold” rating and issued a $1,200.00 price target on shares of Markel in a research note on Thursday. Zacks Investment Research cut Markel from a “buy” rating to a “hold” rating in a research note on Thursday, January 11th. Finally, Boenning Scattergood reiterated a “buy” rating on shares of Markel in a research note on Thursday, October 26th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $1,172.00.
Shares of Markel (NYSE:MKL) opened at $1,084.97 on Thursday. The company has a quick ratio of 0.55, a current ratio of 0.55 and a debt-to-equity ratio of 0.28. Markel has a 12 month low of $612.00 and a 12 month high of $1,157.30. The company has a market capitalization of $14,711.27, a PE ratio of 42.09 and a beta of 0.95.
Several large investors have recently made changes to their positions in MKL. Nationwide Fund Advisors raised its stake in shares of Markel by 50.0% in the second quarter. Nationwide Fund Advisors now owns 3,000 shares of the insurance provider’s stock worth $2,928,000 after purchasing an additional 1,000 shares during the last quarter. Citadel Advisors LLC purchased a new position in shares of Markel in the second quarter worth about $231,000. Virtu KCG Holdings LLC raised its stake in shares of Markel by 64.0% in the second quarter. Virtu KCG Holdings LLC now owns 397 shares of the insurance provider’s stock worth $387,000 after purchasing an additional 155 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Markel by 0.5% in the second quarter. Dimensional Fund Advisors LP now owns 55,002 shares of the insurance provider’s stock worth $53,671,000 after purchasing an additional 298 shares during the last quarter. Finally, HighTower Advisors LLC raised its stake in shares of Markel by 49.9% in the second quarter. HighTower Advisors LLC now owns 631 shares of the insurance provider’s stock worth $619,000 after purchasing an additional 210 shares during the last quarter. Hedge funds and other institutional investors own 76.82% of the company’s stock.
COPYRIGHT VIOLATION WARNING: “Markel (MKL) Price Target Raised to $1,200.00” was originally posted by Sports Perspectives and is the property of of Sports Perspectives. If you are viewing this report on another domain, it was stolen and republished in violation of US & international copyright and trademark laws. The correct version of this report can be accessed at https://sportsperspectives.com/2018/02/10/markel-mkl-price-target-raised-to-1200-00.html.
Markel 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.
Receive News & Ratings for Markel Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Markel and related companies with MarketBeat.com's FREE daily email newsletter.