Markel Co. (MKL) Vice Chairman Sells $229,510.00 in Stock

Markel Co. (NYSE:MKL) Vice Chairman Steven A. Markel sold 200 shares of the company’s stock in a transaction on Thursday, May 10th. The shares were sold at an average price of $1,147.55, for a total transaction of $229,510.00. Following the completion of the transaction, the insider now owns 105,040 shares in the company, valued at $120,538,652. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Markel opened at $1,158.00 on Monday, MarketBeat reports. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.59 and a current ratio of 0.59. Markel Co. has a 52 week low of $936.95 and a 52 week high of $1,194.98. The stock has a market capitalization of $16.09 billion, a P/E ratio of 126.56 and a beta of 0.89.

Several hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. grew its stake in shares of Markel by 0.3% in the fourth quarter. BlackRock Inc. now owns 845,404 shares of the insurance provider’s stock valued at $963,025,000 after acquiring an additional 2,155 shares in the last quarter. Baillie Gifford & Co. grew its stake in shares of Markel by 0.9% in the first quarter. Baillie Gifford & Co. now owns 544,429 shares of the insurance provider’s stock valued at $637,118,000 after acquiring an additional 4,668 shares in the last quarter. Bessemer Group Inc. grew its stake in shares of Markel by 1.3% in the fourth quarter. Bessemer Group Inc. now owns 179,515 shares of the insurance provider’s stock valued at $204,491,000 after acquiring an additional 2,314 shares in the last quarter. Victory Capital Management Inc. grew its stake in shares of Markel by 8.3% in the fourth quarter. Victory Capital Management Inc. now owns 175,898 shares of the insurance provider’s stock valued at $200,371,000 after acquiring an additional 13,480 shares in the last quarter. Finally, Mar Vista Investment Partners LLC grew its stake in shares of 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 acquiring an additional 18,326 shares in the last quarter. Institutional investors and hedge funds own 78.23% of the company’s stock.

MKL has been the topic of several research reports. Zacks Investment Research downgraded shares of Markel from a “buy” rating to a “hold” rating in a report on Tuesday, January 23rd. William Blair upgraded shares of Markel from a “market perform” rating to an “outperform” rating in a report on Monday, March 19th. Argus initiated coverage on shares of Markel in a report on Wednesday, April 11th. They issued a “hold” rating on the stock. Royal Bank of Canada reiterated a “hold” rating and issued a $1,200.00 price objective on shares of Markel in a report on Thursday, February 8th. Finally, ValuEngine downgraded shares of Markel from a “hold” rating to a “sell” rating in a report on Thursday, March 1st. Four equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. Markel presently has a consensus rating of “Buy” and an average target price of $1,237.50.

Markel Company Profile

Markel Corporation, a diverse financial holding company, markets and underwrites specialty insurance products in the United States, the United Kingdom, Canada, and internationally. It operates through three segments: U.S. Insurance, International Insurance, and Reinsurance. The U.S. Insurance segment offers general and professional liability, property, personal line, program, and workers' compensation insurance products, as well as other insurance product lines, such as ocean marine, surety, CPI, and coverages.

Insider Buying and Selling by Quarter for Markel (NYSE:MKL)

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