Somewhat Favorable Press Coverage Somewhat Unlikely to Impact Markel Corporation (NYSE:MKL) Share Price
News coverage about Markel Corporation (NYSE:MKL) has been trending somewhat positive on Thursday, Accern Sentiment Analysis reports. The research group scores the sentiment of media coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Markel Corporation earned a media sentiment score of 0.19 on Accern’s scale. Accern also assigned media coverage about the insurance provider an impact score of 44.9227526702548 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Here are some of the headlines that may have impacted Accern Sentiment’s analysis:
- See what the IHS Markit Score report has to say about Markel Corp. (finance.yahoo.com)
- Insider Selling: Markel Corporation (NYSE:MKL) CEO Sells 100 Shares of Stock (americanbankingnews.com)
- Stock Update: Looking at Markel Corp (MKL)’s Levels – Luxora Leader (luxoraleader.com)
- Placing the Bulls-Eye Focus on Markel Corporation (NYSE:MKL) and Quest Diagnostics Incorporated (NYSE:DGX) – FLBC News (flbcnews.com)
- Markel Corp (MKL) Share Activity Climbing in Session – Evergreen Caller (evergreencaller.com)
Several equities research analysts recently weighed in on the company. BidaskClub raised Markel Corporation from a “hold” rating to a “buy” rating in a research note on Thursday, August 3rd. ValuEngine raised Markel Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, August 1st. Boenning Scattergood set a $1,050.00 price target on Markel Corporation and gave the stock a “buy” rating in a research note on Wednesday, July 26th. Finally, Zacks Investment Research cut Markel Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, April 25th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Markel Corporation presently has a consensus rating of “Hold” and a consensus target price of $1,050.00.
Markel Corporation (MKL) traded down 0.66% during midday trading on Thursday, hitting $1050.89. The stock had a trading volume of 22,796 shares. Markel Corporation has a 52-week low of $811.05 and a 52-week high of $1,086.68. The stock has a market cap of $14.62 billion, a PE ratio of 36.34 and a beta of 1.03. The company’s 50 day moving average price is $1,007.67 and its 200-day moving average price is $975.29.
Markel Corporation (NYSE:MKL) last issued its earnings results on Wednesday, July 26th. The insurance provider reported $9.94 earnings per share for the quarter, beating the Zacks’ consensus estimate of $6.27 by $3.67. The business had revenue of $1.46 billion during the quarter, compared to analyst estimates of $1.46 billion. Markel Corporation had a return on equity of 4.81% and a net margin of 7.58%. Analysts forecast that Markel Corporation will post $28.59 EPS for the current fiscal year.
In other news, CEO Richard R. Whitt III sold 100 shares of Markel Corporation stock in a transaction on Wednesday, August 2nd. The stock was sold at an average price of $1,085.31, for a total value of $108,531.00. Following the transaction, the chief executive officer now directly owns 12,239 shares in the company, valued at approximately $13,283,109.09. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Vice Chairman Steven A. Markel sold 3,875 shares of Markel Corporation stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $1,074.48, for a total value of $4,163,610.00. Following the completion of the transaction, the insider now owns 109,650 shares in the company, valued at $117,816,732. The disclosure for this sale can be found here. Insiders sold a total of 4,525 shares of company stock worth $4,859,750 over the last quarter. Company insiders own 2.53% of the company’s stock.
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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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