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

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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About Markel

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 (NYSE:MKL)

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