Markel Corporation’s (MKL) “Hold” Rating Reiterated at SunTrust Banks, Inc.

Markel Corporation (NYSE:MKL)‘s stock had its “hold” rating reiterated by equities researchers at SunTrust Banks, Inc. in a research report issued on Friday, October 27th. They currently have a $1,100.00 target price on the insurance provider’s stock. SunTrust Banks, Inc.’s price target would suggest a potential upside of 1.06% from the company’s previous close.

MKL has been the topic of several other reports. Zacks Investment Research downgraded Markel Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, October 3rd. BidaskClub raised Markel Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, July 5th. Boenning Scattergood reissued a “buy” rating on shares of Markel Corporation in a report on Thursday, October 26th. Royal Bank Of Canada reissued a “hold” rating and issued a $1,050.00 target price on shares of Markel Corporation in a report on Tuesday, October 3rd. Finally, ValuEngine raised Markel Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, August 1st. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $1,066.67.

Shares of Markel Corporation (MKL) traded up $10.60 on Friday, hitting $1,088.42. The stock had a trading volume of 29,000 shares, compared to its average volume of 30,738. The firm has a market cap of $14,888.78, a P/E ratio of 351.40 and a beta of 1.05. 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 Corporation has a fifty-two week low of $867.02 and a fifty-two week high of $1,105.23.

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In other Markel Corporation news, CEO Richard R. Whitt III sold 100 shares of the company’s stock in a transaction on Monday, August 21st. The stock was sold at an average price of $1,050.00, for a total transaction of $105,000.00. Following the transaction, the chief executive officer now owns 11,939 shares of the company’s stock, valued at approximately $12,535,950. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Vice Chairman Steven A. Markel sold 200 shares of the stock in a transaction on Thursday, September 28th. The shares were sold at an average price of $1,065.64, for a total value of $213,128.00. Following the completion of the transaction, the insider now directly owns 109,550 shares in the company, valued at approximately $116,740,862. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,869 shares of company stock worth $1,988,182. Company insiders own 2.53% of the company’s stock.

Several hedge funds have recently bought and sold shares of the company. Cambridge Trust Co. lifted its stake in shares of Markel Corporation by 0.4% in the 2nd quarter. Cambridge Trust Co. now owns 462 shares of the insurance provider’s stock valued at $451,000 after purchasing an additional 2 shares during the period. Neuberger Berman Group LLC lifted its stake in shares of Markel Corporation by 0.5% in the 2nd quarter. Neuberger Berman Group LLC now owns 428 shares of the insurance provider’s stock valued at $418,000 after purchasing an additional 2 shares during the period. Ironwood Investment Management LLC lifted its stake in shares of Markel Corporation by 0.7% in the 2nd quarter. Ironwood Investment Management LLC now owns 444 shares of the insurance provider’s stock valued at $433,000 after purchasing an additional 3 shares during the period. Stratos Wealth Partners LTD. lifted its stake in shares of Markel Corporation by 0.7% in the 2nd quarter. Stratos Wealth Partners LTD. now owns 461 shares of the insurance provider’s stock valued at $450,000 after purchasing an additional 3 shares during the period. Finally, Davidson & Garrard Inc. lifted its stake in shares of Markel Corporation by 0.6% in the 2nd quarter. Davidson & Garrard Inc. now owns 529 shares of the insurance provider’s stock valued at $516,000 after purchasing an additional 3 shares during the period. 76.78% of the stock is currently owned by institutional investors.

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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