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.
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