Markel (NYSE:MKL) Rating Lowered to Hold at StockNews.com

Markel (NYSE:MKL – Get Rating) was downgraded by stock analysts at StockNews.com from a “buy” rating to a “hold” rating in a note issued to investors on Tuesday.

MKL has been the topic of a number of other research reports. Janney Montgomery Scott initiated coverage on Markel in a research note on Thursday, December 22nd. They issued a “buy” rating and a $1,550.00 price objective on the stock. Truist Financial lifted their price objective on Markel from $1,300.00 to $1,400.00 and gave the stock a “hold” rating in a research note on Friday, February 3rd. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $1,516.67.

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Markel Stock Up 0.3 %

Shares of MKL opened at $1,297.82 on Tuesday. The business’s 50 day moving average is $1,309.74 and its 200 day moving average is $1,272.98. The company has a market capitalization of $17.40 billion, a PE ratio of -55.89 and a beta of 0.78. Markel has a 12-month low of $1,064.09 and a 12-month high of $1,519.24. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.33.

Insider Transactions at Markel

In related news, CEO Thomas Sinnickson Gayner bought 25 shares of the company’s stock in a transaction dated Friday, February 3rd. The stock was purchased at an average price of $1,317.18 per share, for a total transaction of $32,929.50. Following the acquisition, the chief executive officer now owns 42,109 shares in the company, valued at $55,465,132.62. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 1.74% of the company’s stock.

Hedge Funds Weigh In On Markel

Institutional investors and hedge funds have recently modified their holdings of the stock. Nomura Asset Management Co. Ltd. boosted its holdings in shares of Markel by 6.0% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 3,175 shares of the insurance provider’s stock worth $3,442,000 after purchasing an additional 180 shares during the period. Mirabella Financial Services LLP purchased a new position in Markel during the 3rd quarter valued at $205,000. Somerset Trust Co purchased a new position in Markel during the 4th quarter valued at $202,000. Inspire Investing LLC boosted its holdings in Markel by 12.6% during the 3rd quarter. Inspire Investing LLC now owns 268 shares of the insurance provider’s stock valued at $291,000 after acquiring an additional 30 shares during the period. Finally, Federated Hermes Inc. boosted its holdings in Markel by 3.4% during the 3rd quarter. Federated Hermes Inc. now owns 11,329 shares of the insurance provider’s stock valued at $12,283,000 after acquiring an additional 368 shares during the period. Hedge funds and other institutional investors own 75.96% of the company’s stock.

About Markel

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Markel Corp. is a financial holding company, which engages in underwriting specialty insurance products for a variety of niche markets. It operates through the Insurance and Reinsurance segments. The Insurance segment includes all direct business and facultative placements written within the company’s underwriting operations.

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