Markel price target raised to $1,400 from $1,300 at Truist

Truist analyst Mark Hughes raised the firm’s price target on Markel to $1,400 from $1,300 but keeps a Hold rating on the shares. The company’s Q4 results benefited from investment income, but hurt by loss cost inflation as it is now running ahead of pricing trends in a number of their target lines, the analyst tells investors in a research note.