Boenning & Scattergood analyst Robert Farnam maintained a Buy rating on Markel Corp (NYSE: MKL) today and set a price target of $1300. The company’s shares opened today at $1099.99.
Farnam wrote:
“We continue to believe the stock is an excellent core holding for a longer-term investor that can weather short-term volatility. We are maintaining our Outperform rating and our target price of $1,300.”
According to TipRanks.com, Farnam is a 1-star analyst with an average return of -3.2% and a 38.7% success rate. Farnam covers the Financial sector, focusing on stocks such as Argo Group International Holdings Ltd, 1347 Property Insurance Holdings Inc, and Hallmark Financial Services.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Markel Corp with a $1287.50 average price target.
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Markel Corp’s market cap is currently $14.91B and has a P/E ratio of 39.36. The company has a Price to Book ratio of 1.57.
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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 following segments: U.S. Insurance, International Insurance, and Reinsurance.
