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MarketScreener Homepage  >  Equities  >  Nyse  >  Markel Corporation    MKL

MARKEL CORPORATION (MKL)
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Rosen Law Firm Announces Filing of Securities Class Action Lawsuit Against Markel Corporation – MKL

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01/12/2019 | 09:55pm EST

Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of the securities of Markel Corporation (NYSE: MKL) from July 26, 2017 through December 6, 2018, inclusive (the “Class Period”). The lawsuit seeks to recover damages for Markel investors under the federal securities laws.

To join the Markel class action, go to https://www.rosenlegal.com/cases-1490.html or call Phillip Kim, Esq. or Zachary Halper, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or zhalper@rosenlegal.com for information on the class action.

NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU MAY RETAIN COUNSEL OF YOUR CHOICE. YOU MAY ALSO REMAIN AN ABSENT CLASS MEMBER AND DO NOTHING AT THIS POINT. AN INVESTOR’S ABILITY TO SHARE IN ANY POTENTIAL FUTURE RECOVERY IS NOT DEPENDENT UPON SERVING AS LEAD PLAINTIFF.

According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) Markel’s subsidiaries did not appropriately record loss reserves; (2) consequently, Markel’s loss reserves would need to be adjusted and/or restated; (3) these misleading accounting practices would lead to regulatory scrutiny and financial loss to investors; and (4) as a result, defendants’ positive statements about Markel’s business, operations, and prospects, were materially misleading and/or lacked a reasonable basis. When the true details entered the market, the lawsuit claims that investors suffered damages.

A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than March 12, 2019. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. If you wish to join the litigation, go to https://www.rosenlegal.com/cases-1490.html or to discuss your rights or interests regarding this class action, please contact Phillip Kim, Esq. or Zachary Halper, Esq. of Rosen Law Firm toll free at 866-767-3653 or via e-mail at pkim@rosenlegal.com or zhalper@rosenlegal.com.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 3 each year since 2013.


© Business Wire 2019
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Financials ($)
Sales 2018 7 234 M
EBIT 2018 640 M
Net income 2018 602 M
Debt 2018 -
Yield 2018 -
P/E ratio 2018 31,50
P/E ratio 2019 28,88
Capi. / Sales 2018 1,98x
Capi. / Sales 2019 1,90x
Capitalization 14 302 M
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Mean consensus OUTPERFORM
Number of Analysts 6
Average target price 1 250 $
Spread / Average Target 21%
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Managers
NameTitle
Thomas Sinnickson Gayner Co-Chief Executive Officer & Director
Richard Reeves Whitt Co-Chief Executive Officer & Director
Bradley James Kiscaden President & Chief Administrative Officer
Alan I. Kirshner Executive Chairman
Jeremy A. Noble Chief Financial Officer & Senior Vice President
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