Markel Co. (NYSE:MKL) Vice Chairman Steven A. Markel sold 200 shares of the company’s stock in a transaction that occurred on Thursday, January 18th. The stock was sold at an average price of $1,109.32, for a total value of $221,864.00. Following the sale, the insider now owns 106,560 shares of the company’s stock, valued at approximately $118,209,139.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Markel Co. (NYSE:MKL) traded up $17.49 during trading hours on Wednesday, reaching $1,115.01. The company’s stock had a trading volume of 23,465 shares, compared to its average volume of 41,776. The stock has a market capitalization of $15,500.00, a PE ratio of 43.25 and a beta of 0.95. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.55 and a quick ratio of 0.55. Markel Co. has a 1 year low of $936.95 and a 1 year high of $1,157.30.
MKL has been the subject of several analyst reports. Zacks Investment Research upgraded Markel from a “hold” rating to a “buy” rating and set a $1,253.00 price target for the company in a research note on Friday, January 5th. Boenning Scattergood reiterated a “buy” rating on shares of Markel in a research report on Thursday, October 26th. SunTrust Banks increased their price objective on Markel to $1,200.00 and gave the stock a “hold” rating in a research report on Thursday, February 8th. Finally, Royal Bank of Canada reiterated a “hold” rating and issued a $1,200.00 price objective on shares of Markel in a research report on Thursday, February 8th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Markel presently has an average rating of “Hold” and an average price target of $1,172.00.
Large investors have recently added to or reduced their stakes in the business. Thrivent Financial For Lutherans acquired a new stake in Markel in the fourth quarter valued at $55,990,000. Vanguard Group Inc. grew its holdings in Markel by 2.6% in the second quarter. Vanguard Group Inc. now owns 1,129,189 shares of the insurance provider’s stock valued at $1,101,931,000 after purchasing an additional 28,104 shares during the last quarter. Mar Vista Investment Partners LLC grew its holdings in Markel by 15.9% in the fourth quarter. Mar Vista Investment Partners LLC now owns 133,921 shares of the insurance provider’s stock valued at $152,553,000 after purchasing an additional 18,326 shares during the last quarter. Heritage Wealth Advisors grew its holdings in Markel by 316.7% in the fourth quarter. Heritage Wealth Advisors now owns 20,507 shares of the insurance provider’s stock valued at $23,361,000 after purchasing an additional 15,586 shares during the last quarter. Finally, Archford Capital Strategies LLC grew its holdings in Markel by 34,592.5% in the second quarter. Archford Capital Strategies LLC now owns 13,877 shares of the insurance provider’s stock valued at $204,000 after purchasing an additional 13,837 shares during the last quarter. Hedge funds and other institutional investors own 77.06% of the company’s stock.
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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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