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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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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