Insider Selling: Markel Corporation (MKL) Vice Chairman Sells 200 Shares of Stock

Markel Corporation (NYSE:MKL) Vice Chairman Steven A. Markel sold 200 shares of the firm’s stock in a transaction that occurred on Thursday, October 12th. The stock was sold at an average price of $1,082.68, for a total transaction of $216,536.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Markel Corporation (MKL) opened at 1094.08 on Friday. The company’s 50-day moving average is $1,060.21 and its 200 day moving average is $1,012.66. The stock has a market capitalization of $15.22 billion, a price-to-earnings ratio of 37.83 and a beta of 1.03. Markel Corporation has a one year low of $811.05 and a one year high of $1,105.23.

Markel Corporation (NYSE:MKL) last released its earnings results on Wednesday, July 26th. The insurance provider reported $9.94 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $6.27 by $3.67. The company had revenue of $1.46 billion for the quarter, compared to analyst estimates of $1.46 billion. Markel Corporation had a net margin of 1.60% and a return on equity of 0.83%. Equities analysts expect that Markel Corporation will post $10.36 EPS for the current year.

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A number of equities analysts have recently commented on the stock. SunTrust Banks, Inc. reaffirmed a “hold” rating and set a $1,100.00 target price on shares of Markel Corporation in a research report on Friday. Boenning Scattergood reaffirmed a “buy” rating on shares of Markel Corporation in a research report on Thursday. Zacks Investment Research lowered shares of Markel Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, October 3rd. Royal Bank Of Canada reaffirmed a “hold” rating and set a $1,050.00 target price on shares of Markel Corporation in a research report on Tuesday, October 3rd. Finally, BidaskClub raised shares of Markel Corporation from a “hold” rating to a “buy” rating in a research report on Thursday, August 3rd. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $1,066.67.

Institutional investors have recently added to or reduced their stakes in the business. Proficio Capital Partners LLC lifted its holdings in Markel Corporation by 40.3% during the 2nd quarter. Proficio Capital Partners LLC now owns 94 shares of the insurance provider’s stock worth $101,000 after buying an additional 27 shares in the last quarter. Korea Investment CORP lifted its holdings in Markel Corporation by 138.9% during the 2nd quarter. Korea Investment CORP now owns 129 shares of the insurance provider’s stock worth $126,000 after buying an additional 75 shares in the last quarter. BDO Wealth Advisors LLC acquired a new stake in Markel Corporation during the 2nd quarter worth approximately $166,000. Toronto Dominion Bank lifted its holdings in Markel Corporation by 11.0% during the 2nd quarter. Toronto Dominion Bank now owns 171 shares of the insurance provider’s stock worth $167,000 after buying an additional 17 shares in the last quarter. Finally, Quantbot Technologies LP lifted its holdings in Markel Corporation by 775.0% during the 2nd quarter. Quantbot Technologies LP now owns 210 shares of the insurance provider’s stock worth $204,000 after buying an additional 186 shares in the last quarter. Institutional investors own 76.51% of the company’s stock.

Markel Corporation Company Profile

Markel Corporation is a financial holding company serving a range of markets. The Company’s principal business markets and underwrites specialty insurance products. It monitors and reports its ongoing underwriting operations in three segments: U.S. Insurance, International Insurance and Reinsurance. The Company, through its subsidiary Markel Ventures, Inc (Markel Ventures), owns interests in various industrial and service businesses that operate outside of the specialty insurance marketplace.

Insider Buying and Selling by Quarter for Markel Corporation (NYSE:MKL)

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