Shares of Markel Corp. (NYSE:MKL) gapped up before the market opened on Thursday . The stock had previously closed at $917.53, but opened at $919.20. Markel Corp. shares last traded at $926.69, with a volume of 11,901 shares.

Several analysts recently weighed in on MKL shares. SunTrust Banks Inc. lifted their price target on Markel Corp. from $920.00 to $950.00 and gave the stock a “neutral” rating in a report on Thursday, August 4th. Zacks Investment Research cut Markel Corp. from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 6th.

The company has a market capitalization of $12.98 billion and a PE ratio of 24.36. The firm’s 50-day moving average is $936.15 and its 200 day moving average is $913.37.

Markel Corp. (NYSE:MKL) last issued its quarterly earnings data on Tuesday, August 2nd. The company reported $5.41 EPS for the quarter, missing analysts’ consensus estimates of $6.39 by $0.98. Equities analysts anticipate that Markel Corp. will post $31.48 earnings per share for the current fiscal year.

A number of hedge funds recently modified their holdings of MKL. Bank of Montreal Can raised its stake in shares of Markel Corp. by 347.8% in the fourth quarter. Bank of Montreal Can now owns 1,603 shares of the company’s stock worth $1,417,000 after buying an additional 1,245 shares in the last quarter. Utah Retirement Systems raised its stake in shares of Markel Corp. by 4.0% in the fourth quarter. Utah Retirement Systems now owns 2,576 shares of the company’s stock worth $2,275,000 after buying an additional 100 shares in the last quarter. Schwab Charles Investment Management Inc. raised its stake in shares of Markel Corp. by 6.1% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 22,737 shares of the company’s stock worth $20,085,000 after buying an additional 1,308 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of Markel Corp. by 2.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 65,074 shares of the company’s stock worth $57,489,000 after buying an additional 1,366 shares in the last quarter.

Markel Corporation is a financial holding company serving a range of markets. The Company’s principal business markets and underwrites specialty insurance products. The Company monitors and reports its ongoing underwriting operations in three segments: U.S. Insurance, International Insurance and Reinsurance.

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