Markel (NYSE:MKL) Raised to Buy at StockNews.com

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

Separately, Truist Financial lifted their price target on shares of Markel from $1,300.00 to $1,400.00 and gave the company a “hold” rating in a research note on Friday, February 3rd. One investment analyst has rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, Markel has an average rating of “Moderate Buy” and a consensus price target of $1,516.67.

Markel Price Performance

Markel stock opened at $1,359.37 on Friday. The company’s fifty day moving average price is $1,309.24 and its 200 day moving average price is $1,317.14. Markel has a 1 year low of $1,064.09 and a 1 year high of $1,458.56. The stock has a market capitalization of $18.15 billion, a P/E ratio of 65.92 and a beta of 0.78. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.66 and a current ratio of 0.66.

Insider Buying and Selling at Markel

In other news, CEO Thomas Sinnickson Gayner acquired 50 shares of the firm’s stock in a transaction on Tuesday, May 2nd. The shares were bought at an average price of $1,359.93 per share, for a total transaction of $67,996.50. Following the acquisition, the chief executive officer now owns 43,717 shares of the company’s stock, valued at approximately $59,452,059.81. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, Director Morgan E. Housel purchased 19 shares of Markel stock in a transaction dated Thursday, May 4th. The shares were acquired at an average price of $1,330.70 per share, for a total transaction of $25,283.30. Following the acquisition, the director now directly owns 330 shares in the company, valued at $439,131. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, CEO Thomas Sinnickson Gayner purchased 50 shares of Markel stock in a transaction dated Tuesday, May 2nd. The shares were bought at an average price of $1,359.93 per share, for a total transaction of $67,996.50. Following the acquisition, the chief executive officer now owns 43,717 shares in the company, valued at $59,452,059.81. The disclosure for this purchase can be found here. In the last 90 days, insiders have bought 144 shares of company stock worth $193,829. Corporate insiders own 1.75% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of MKL. Global Retirement Partners LLC increased its position in shares of Markel by 120.0% during the 3rd quarter. Global Retirement Partners LLC now owns 22 shares of the insurance provider’s stock worth $27,000 after purchasing an additional 12 shares during the last quarter. Delta Asset Management LLC TN acquired a new stake in shares of Markel during the 4th quarter worth about $29,000. Belpointe Asset Management LLC acquired a new stake in shares of Markel during the 4th quarter worth about $30,000. Ronald Blue Trust Inc. increased its position in shares of Markel by 87.5% during the 4th quarter. Ronald Blue Trust Inc. now owns 30 shares of the insurance provider’s stock worth $32,000 after purchasing an additional 14 shares during the last quarter. Finally, Clearstead Advisors LLC acquired a new stake in shares of Markel during the 1st quarter worth about $32,000. 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.