Markel (NYSE:MKL) Sets New 52-Week Low After Analyst Downgrade

Markel Co. (NYSE:MKLGet Rating)’s share price hit a new 52-week low during mid-day trading on Friday after Truist Financial lowered their price target on the stock from $1,500.00 to $1,300.00. Truist Financial currently has a hold rating on the stock. Markel traded as low as $1,168.11 and last traded at $1,170.42, with a volume of 1083 shares changing hands. The stock had previously closed at $1,181.86.

Other equities research analysts have also recently issued reports about the company. William Blair reiterated an “outperform” rating on shares of Markel in a research report on Wednesday, April 27th. Royal Bank of Canada decreased their price target on Markel from $1,650.00 to $1,600.00 and set an “outperform” rating on the stock in a research report on Thursday. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $1,450.00.

Insiders Place Their Bets

In other news, CEO Thomas Sinnickson Gayner bought 50 shares of the business’s stock in a transaction on Monday, May 9th. The stock was acquired at an average price of $1,306.00 per share, with a total value of $65,300.00. Following the completion of the purchase, the chief executive officer now directly owns 42,027 shares in the company, valued at $54,887,262. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, CEO Thomas Sinnickson Gayner acquired 50 shares of the company’s stock in a transaction dated Monday, May 9th. The stock was purchased at an average price of $1,306.00 per share, with a total value of $65,300.00. Following the completion of the purchase, the chief executive officer now owns 42,027 shares in the company, valued at approximately $54,887,262. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Anthony F. Markel acquired 80 shares of the company’s stock in a transaction dated Tuesday, May 10th. The shares were bought at an average cost of $1,305.14 per share, with a total value of $104,411.20. Following the purchase, the director now owns 2,650 shares of the company’s stock, valued at approximately $3,458,621. The disclosure for this purchase can be found here. Insiders bought a total of 228 shares of company stock valued at $287,268 over the last quarter. 1.74% of the stock is owned by corporate insiders.

Institutional Trading of Markel

A number of institutional investors have recently made changes to their positions in MKL. Allspring Global Investments Holdings LLC bought a new position in shares of Markel during the fourth quarter valued at approximately $88,000. Yousif Capital Management LLC bought a new position in shares of Markel during the fourth quarter valued at approximately $391,000. CWM LLC bought a new position in Markel in the fourth quarter worth $37,000. Robeco Institutional Asset Management B.V. raised its holdings in Markel by 0.7% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 5,242 shares of the insurance provider’s stock worth $6,468,000 after purchasing an additional 36 shares in the last quarter. Finally, Qube Research & Technologies Ltd raised its holdings in Markel by 734.2% in the fourth quarter. Qube Research & Technologies Ltd now owns 20,096 shares of the insurance provider’s stock worth $24,798,000 after purchasing an additional 17,687 shares in the last quarter. Hedge funds and other institutional investors own 77.07% of the company’s stock.

Markel Stock Performance

The business has a fifty day simple moving average of $1,298.24 and a 200-day simple moving average of $1,328.99. The company has a quick ratio of 0.66, a current ratio of 0.65 and a debt-to-equity ratio of 0.37. The firm has a market cap of $15.85 billion, a P/E ratio of 663.61 and a beta of 0.70.

Markel (NYSE:MKLGet Rating) last released its earnings results on Tuesday, August 2nd. The insurance provider reported $45.02 EPS for the quarter, topping analysts’ consensus estimates of $21.43 by $23.59. Markel had a return on equity of 6.03% and a net margin of 0.83%. During the same period in the previous year, the company earned $19.14 EPS. On average, sell-side analysts predict that Markel Co. will post 71.93 EPS for the current fiscal year.

Markel Company Profile

(Get Rating)

Markel Corporation, a diverse financial holding company, markets and underwrites specialty insurance products in the United States, Bermuda, the United Kingdom, rest of Europe, Canada, the Asia Pacific, and the Middle East. Its Insurance segment offers general and professional liability, personal lines, marine and energy, specialty programs, and workers' compensation insurance products; and property coverages that include fire, allied lines, and other specialized property coverages, including catastrophe-exposed property risks, such as earthquake and wind.

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