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MarketScreener Homepage  >  Equities  >  Nyse  >  Markel Corporation    MKL

MARKEL CORPORATION (MKL)
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The Schall Law Firm Announces the Filing of a Class Action Lawsuit Against Markel Corporation and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm

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01/11/2019 | 08:13pm EST

The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against Markel Corporation (“Markel” or “the Company”) (NYSE: MKL) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.

Investors who purchased the Company's shares between July 26, 2017 and December 6, 2018, inclusive (the ''Class Period''), are encouraged to contact the firm before March 12, 2019.

If you are a shareholder who suffered a loss, click here to participate.

We also encourage you to contact Brian Schall, or Sherin Mahdavian, of the Schall Law Firm, 1880 Century Park East, Suite 404, Los Angeles, CA 90067, at 424-303-1964, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at brian@schallfirm.com.

The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.

According to the Complaint, the Company made false and misleading statements to the market. Markel’s subsidiaries failed to record loss reserves as appropriate. This failure would cause the Company to have to restate or adjust its loss reserves. This misleading accounting also opened up the Company to the risk of regulatory scrutiny. Based on these facts, the Company’s public statements were false and materially misleading throughout the class period. When the market learned the truth about Markel, investors suffered damages.

Join the case to recover your losses.

The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.


© 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 32,67
P/E ratio 2019 29,95
Capi. / Sales 2018 2,05x
Capi. / Sales 2019 1,97x
Capitalization 14 832 M
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Technical analysis trends MARKEL CORPORATION
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TrendsNeutralBearishBearish
Income Statement Evolution
Consensus
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Mean consensus OUTPERFORM
Number of Analysts 6
Average target price 1 250 $
Spread / Average Target 17%
EPS Revisions
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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