Richard R. Whitt III Sells 200 Shares of Markel Co. (MKL) Stock

Markel Co. (NYSE:MKL) CEO Richard R. Whitt III sold 200 shares of Markel stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of $1,098.84, for a total transaction of $219,768.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Markel Co. (NYSE:MKL) opened at $1,130.06 on Friday. The company has a quick ratio of 0.55, a current ratio of 0.55 and a debt-to-equity ratio of 0.28. Markel Co. has a 1-year low of $936.95 and a 1-year high of $1,157.30. The stock has a market cap of $15,712.36, a price-to-earnings ratio of 1,948.38 and a beta of 0.95.

Several research firms have issued reports on MKL. SunTrust Banks lifted their price target on shares of Markel to $1,200.00 and gave the stock a “hold” rating in a report on Thursday, February 8th. Royal Bank of Canada reaffirmed a “hold” rating and issued a $1,200.00 price target on shares of Markel in a report on Thursday, February 8th. Zacks Investment Research lowered shares of Markel from a “buy” rating to a “hold” rating in a report on Thursday, January 11th. Finally, Boenning Scattergood reaffirmed a “buy” rating on shares of Markel in a report on Thursday, October 26th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Markel presently has a consensus rating of “Hold” and a consensus target price of $1,172.00.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Thrivent Financial For Lutherans purchased a new stake in shares of Markel during the fourth quarter valued at $55,990,000. Mar Vista Investment Partners LLC grew its holdings in shares of Markel by 15.9% during 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 buying an additional 18,326 shares during the last quarter. Heritage Wealth Advisors grew its holdings in shares of Markel by 316.7% during the fourth quarter. Heritage Wealth Advisors now owns 20,507 shares of the insurance provider’s stock valued at $23,361,000 after buying an additional 15,586 shares during the last quarter. Victory Capital Management Inc. grew its holdings in shares of Markel by 8.3% during the fourth quarter. Victory Capital Management Inc. now owns 175,898 shares of the insurance provider’s stock valued at $200,371,000 after buying an additional 13,480 shares during the last quarter. Finally, Janus Henderson Group PLC grew its holdings in shares of Markel by 712.3% during the second quarter. Janus Henderson Group PLC now owns 14,703 shares of the insurance provider’s stock valued at $14,347,000 after buying an additional 12,893 shares during the last quarter. 77.06% of the stock is currently owned by institutional investors and hedge funds.

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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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