Press coverage about Markel (NYSE:MKL) has been trending somewhat positive recently, Accern Sentiment reports. The research group ranks the sentiment of news coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Markel earned a media sentiment score of 0.09 on Accern’s scale. Accern also gave media headlines about the insurance provider an impact score of 46.2153406387376 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Here are some of the news stories that may have impacted Accern Sentiment Analysis’s rankings:
- EXPLORERS ADD TWO VETERAN PITCHERS (kscj.com)
- Explorers add two talented pitchers (siouxcityjournal.com)
- PTFE Membrane Market: Outlook, Sales, Opportunities and Forecast 2018-2023 | Pall, Markel Corporation, PIL, Taconic (theanalystfinancial.com)
- Project uncovers lives of Civil War soldiers (utdailybeacon.com)
- Markel Corp (MKL) Shareholder Heritage Wealth Advisors Increased Stake by $17.75 Million (thecasualsmart.com)
Several analysts have weighed in on the company. Zacks Investment Research cut Markel from a “buy” rating to a “hold” rating in a report on Thursday, January 11th. SunTrust Banks boosted their price objective on Markel to $1,200.00 and gave the stock a “hold” rating in a report on Thursday, February 8th. ValuEngine raised Markel from a “sell” rating to a “hold” rating in a report on Monday, April 2nd. Argus assumed coverage on Markel in a report on Wednesday, April 11th. They set a “hold” rating for the company. Finally, Royal Bank of Canada reissued a “hold” rating and set a $1,200.00 price objective on shares of Markel in a report on Thursday, February 8th. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $1,184.25.
Markel (NYSE:MKL) last announced its quarterly earnings results on Tuesday, February 6th. The insurance provider reported $6.64 EPS for the quarter, missing analysts’ consensus estimates of $8.55 by ($1.91). The company had revenue of $1.67 billion during the quarter, compared to the consensus estimate of $1.58 billion. Markel had a net margin of 6.52% and a return on equity of 0.39%. research analysts anticipate that Markel will post 36.49 earnings per share for the current year.
In other news, insider Alan I. Kirshner sold 100 shares of the company’s stock in a transaction dated Monday, April 2nd. The stock was sold at an average price of $1,149.02, for a total value of $114,902.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Vice Chairman Steven A. Markel sold 200 shares of the company’s stock in a transaction dated Thursday, April 12th. The shares were sold at an average price of $1,162.87, for a total value of $232,574.00. Following the completion of the sale, the insider now directly owns 105,450 shares of the company’s stock, valued at $122,624,641.50. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 2,000 shares of company stock valued at $2,245,156. 2.46% of the stock is currently owned by company insiders.
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Markel Corporation, a diverse financial holding company, markets and underwrites specialty insurance products in the United States, the United Kingdom, Canada, and internationally. It operates through three segments: U.S. Insurance, International Insurance, and Reinsurance. The U.S. Insurance segment offers general and professional liability, property, personal line, program, and workers' compensation insurance products, as well as other insurance product lines, such as ocean marine, surety, CPI, and coverages.
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