Markel Co. (NYSE:MKL) Vice Chairman Anthony F. Markel sold 149 shares of the stock in a transaction on Monday, November 5th. The stock was sold at an average price of $1,090.00, for a total value of $162,410.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.
NYSE MKL opened at $1,130.83 on Friday. The firm has a market cap of $15.36 billion, a PE ratio of 16.63 and a beta of 1.01. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.59 and a quick ratio of 0.59. Markel Co. has a twelve month low of $1,020.00 and a twelve month high of $1,228.32.
Markel (NYSE:MKL) last released its quarterly earnings results on Tuesday, October 30th. The insurance provider reported $28.50 earnings per share for the quarter, topping analysts’ consensus estimates of $7.05 by $21.45. The business had revenue of $1.81 billion during the quarter, compared to analysts’ expectations of $1.77 billion. Markel had a return on equity of 9.72% and a net margin of 14.03%. As a group, equities analysts expect that Markel Co. will post 29.49 earnings per share for the current year.
A number of research firms have recently weighed in on MKL. Boenning Scattergood set a $1,300.00 price target on Markel and gave the stock a “buy” rating in a report on Wednesday, October 31st. ValuEngine cut Markel from a “buy” rating to a “hold” rating in a report on Monday, October 22nd. Finally, Zacks Investment Research upgraded Markel from a “hold” rating to a “strong-buy” rating and set a $1,361.00 price target for the company in a report on Monday, October 8th. Four research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. Markel presently has a consensus rating of “Buy” and a consensus target price of $1,265.25.
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Markel Corporation, a diverse financial holding company, markets and underwrites specialty insurance products in the United States, the United Kingdom, Canada, and internationally. It operates through three segments: U.S. Insurance, International Insurance, and Reinsurance. The U.S. Insurance segment offers general and professional liability, property, personal line, program, and workers' compensation insurance products, as well as other insurance product lines, such as ocean marine, surety, CPI, and coverages.
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