Markel Corporation (MKL)’s Bearish Ascending Triangle Pattern Points to Higher Stock Risks

July 17, 2017 - By Vivian Park

Investors sentiment increased to 1.09 in Q4 2016. Its up 0.33, from 0.76 in 2016Q3. It improved, as 28 investors sold Markel Corporation shares while 126 reduced holdings. 38 funds opened positions while 130 raised stakes. 10.25 million shares or 0.03% less from 10.26 million shares in 2016Q3 were reported.
Cap Guardian Trust has invested 0% in Markel Corporation (NYSE:MKL). Pine River Capital Mngmt Limited Partnership holds 0.02% in Markel Corporation (NYSE:MKL) or 600 shares. Cibc Asset Mgmt Inc invested in 2,818 shares. Rathbone Brothers Public Limited Co holds 0.01% or 257 shares. Paloma Management Com has invested 0.02% of its portfolio in Markel Corporation (NYSE:MKL). Victory Management, Ohio-based fund reported 109,556 shares. Raymond James Fin Serv Advsrs invested in 3,602 shares or 0.03% of the stock. Moreover, Jacobs Levy Equity Mngmt Inc has 0.06% invested in Markel Corporation (NYSE:MKL). Cobblestone Cap Advisors Limited Liability Company New York holds 8,219 shares or 1.03% of its portfolio. Ameriprise Fincl accumulated 0.01% or 11,666 shares. Proshare Advsrs Lc has invested 0.02% in Markel Corporation (NYSE:MKL). First Retail Bank Of Omaha owns 6,596 shares. Fmr Limited Liability Corp invested 0% of its portfolio in Markel Corporation (NYSE:MKL). Lombard Odier Asset Mgmt (Europe) reported 0.08% stake. Adirondack Trust invested in 5 shares.

Since February 13, 2017, it had 1 buying transaction, and 4 selling transactions for $3.38 million activity. $71,156 worth of Markel Corporation (NYSE:MKL) was sold by EBY DOUGLAS C. 400 shares were sold by Kiscaden Bradley James, worth $379,200. Crouch Nora N also bought $9,489 worth of Markel Corporation (NYSE:MKL) shares. 2,000 shares valued at $1.94M were sold by MARKEL STEVEN A on Wednesday, February 22. 1,049 shares were sold by Crowley F. Michael, worth $993,235.

The stock of Markel Corporation (MKL) formed an ascending triangle with $954.49 target or 3.00 % below today’s $984.01 share price. The 7 months triangle pattern indicates high risk for the $13.65 billion company. If the $954.49 price target is reached, the company will be worth $409.50 million less.
The ascending triangle is a questionable performer despite its reputation as a reliable chart pattern. The ascending triangle has break even failure rate for up and down breakouts of 13% and 11%, respectively. The average rise and decline is 35% and 19%. The throwback or so called pullback rates are: 57% and 49%. The stocks meeting their targets is high for this type of breakout: 75% and 68% percent.

About 10,921 shares traded. Markel Corporation (NYSE:MKL) has declined 1.06% since July 17, 2016 and is downtrending. It has underperformed by 17.76% the S&P500.

Analysts expect Markel Corporation (NYSE:MKL) to report $6.27 EPS on August, 1.They anticipate $0.86 EPS change or 15.90 % from last quarter’s $5.41 EPS. MKL’s profit would be $86.98 million giving it 39.23 P/E if the $6.27 EPS is correct. After having $2.82 EPS previously, Markel Corporation’s analysts see 122.34 % EPS growth.

Markel Corporation (NYSE:MKL) Ratings Coverage

Among 3 analysts covering Markel Corporation (NYSE:MKL), 1 have Buy rating, 0 Sell and 2 Hold. Therefore 33% are positive. Markel Corporation had 4 analyst reports since August 7, 2015 according to SRatingsIntel. William Blair upgraded the stock to “Outperform” rating in Thursday, April 14 report. SunTrust maintained the shares of MKL in report on Thursday, August 4 with “Neutral” rating. RBC Capital Markets downgraded the shares of MKL in report on Friday, August 7 to “” rating. The rating was maintained by RBC Capital Markets on Monday, July 10 with “Hold”.

Another recent and important Markel Corporation (NYSE:MKL) news was published by Prnewswire.com which published an article titled: “Markel adds management liability endorsement for professional employer …” on June 21, 2017.

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