Markel price target raised to $1,450 from $1,435 at Citi

Citi raised the firm’s price target on Markel to $1,450 from $1,435 and keeps a Sell rating on the shares as part of a Q2 preview for the insurance group. The firm expects results to show commercial pricing moderation, unfavorable weather, and varying growth trends in an “excellent robust” auto environment. Life insurance companies are well positioned but not without risk, the analyst tells investors in a research note.