Markel Reaches New 52-Week High (MKL) - TheStreet

NEW YORK (

TheStreet

) --

Markel Corporation

(NYSE:

MKL

) hit a new 52-week high Wednesday as it is currently trading at $434.77, above its previous 52-week high of $430.26 with 17,517 shares traded as of 10:04 a.m. ET. Average volume has been 25,900 shares over the past 30 days.

Markel has a market cap of $3.93 billion and is part of the

financial

sector and

insurance

industry. Shares are up 2.4% year to date as of the close of trading on Tuesday.

Markel Corporation markets and underwrites specialty insurance products in the United States and internationally. It operates in three segments: Excess and Surplus Lines, Specialty Admitted, and London Insurance Market. The company has a P/E ratio of 29.2, above the average insurance industry P/E ratio of 17.2 and above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Markel as a

buy

. The company's strengths can be seen in multiple areas, such as its revenue growth, reasonable valuation levels, largely solid financial position with reasonable debt levels by most measures and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full

Markel Ratings Report

.

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