New Lifetime High For Markel Corporation (MKL)
Trade-Ideas LLC identified
(
) as a new lifetime high candidate. In addition to specific proprietary factors, Trade-Ideas identified Markel Corporation as such a stock due to the following factors:
- MKL has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $89.4 million.
- MKL has traded 1,493 shares today.
- MKL is trading at a new lifetime high.
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More details on MKL:
Markel Corporation markets and underwrites specialty insurance products in the United States and internationally. It operates through three segments: U.S. Insurance, International Insurance, and Reinsurance. The U.S. MKL has a PE ratio of 25. Currently there are no analysts that rate Markel Corporation a buy, no analysts rate it a sell, and 3 rate it a hold.
The average volume for Markel Corporation has been 51,900 shares per day over the past 30 days. Markel has a market cap of $12.6 billion and is part of the financial sector and insurance industry. The stock has a beta of 1.09 and a short float of 1.4% with 1.97 days to cover. Shares are up 31.9% year-to-date as of the close of trading on Friday.
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Analysis:
rates Markel Corporation as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance, compelling growth in net income and good cash flow from operations. We feel its strengths outweigh the fact that the company shows low profit margins.
Highlights from the ratings report include:
- The revenue growth came in higher than the industry average of 15.5%. Since the same quarter one year prior, revenues slightly increased by 3.5%. Growth in the company's revenue appears to have helped boost the earnings per share.
- Although MKL's debt-to-equity ratio of 0.29 is very low, it is currently higher than that of the industry average.
- Powered by its strong earnings growth of 39.43% and other important driving factors, this stock has surged by 28.97% over the past year, outperforming the rise in the S&P 500 Index during the same period. Turning to the future, naturally, any stock can fall in a major bear market. However, in almost any other environment, the stock should continue to move higher despite the fact that it has already enjoyed nice gains in the past year.
- The net income growth from the same quarter one year ago has significantly exceeded that of the S&P 500 and the Insurance industry. The net income increased by 35.2% when compared to the same quarter one year prior, rising from $75.80 million to $102.52 million.
- Net operating cash flow has slightly increased to $312.35 million or 4.26% when compared to the same quarter last year. The firm also exceeded the industry average cash flow growth rate of -13.96%.
- You can view the full Markel Corporation Ratings Report.
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