Markel Co. (NYSE:MKL) Vice Chairman Steven A. Markel sold 200 shares of Markel stock in a transaction on Thursday, June 7th. The stock was sold at an average price of $1,108.91, for a total transaction of $221,782.00. Following the completion of the transaction, the insider now owns 104,650 shares in the company, valued at approximately $116,047,431.50. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Shares of Markel traded up $8.51, reaching $1,117.59, during midday trading on Friday, MarketBeat.com reports. 23,418 shares of the company were exchanged, compared to its average volume of 27,974. 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 one year low of $949.72 and a one year high of $1,194.98. The firm has a market cap of $15.41 billion, a price-to-earnings ratio of 121.21 and a beta of 0.89.
Markel (NYSE:MKL) last issued its earnings results on Tuesday, April 24th. The insurance provider reported $11.39 earnings per share for the quarter, topping the Zacks’ consensus estimate of $8.71 by $2.68. Markel had a net margin of 4.19% and a return on equity of 1.47%. The firm had revenue of $1.70 billion during the quarter, compared to analyst estimates of $1.61 billion. research analysts predict that Markel Co. will post 38.48 earnings per share for the current year.
Several large investors have recently modified their holdings of MKL. Summit Trail Advisors LLC raised its stake in Markel by 115,809.3% during the first quarter. Summit Trail Advisors LLC now owns 224,864 shares of the insurance provider’s stock valued at $225,000 after purchasing an additional 224,670 shares in the last quarter. Thrivent Financial For Lutherans purchased a new stake in Markel during the fourth quarter valued at $55,990,000. Thrivent Financial for Lutherans raised its stake in Markel by 92.6% during the first quarter. Thrivent Financial for Lutherans now owns 94,666 shares of the insurance provider’s stock valued at $110,783,000 after purchasing an additional 45,514 shares in the last quarter. Mar Vista Investment Partners LLC raised its stake in 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 purchasing an additional 18,326 shares in the last quarter. Finally, Mackenzie Financial Corp raised its stake in Markel by 18.1% during the fourth quarter. Mackenzie Financial Corp now owns 59,732 shares of the insurance provider’s stock valued at $68,043,000 after purchasing an additional 9,156 shares in the last quarter. Hedge funds and other institutional investors own 76.26% of the company’s stock.
A number of equities analysts recently commented on MKL shares. Zacks Investment Research upgraded shares of Markel from a “hold” rating to a “buy” rating and set a $1,287.00 target price on the stock in a research report on Wednesday, April 11th. Boenning Scattergood set a $1,250.00 price target on shares of Markel and gave the stock a “buy” rating in a report on Friday, April 27th. Argus started coverage on shares of Markel in a research note on Wednesday, April 11th. They set a “hold” rating on the stock. ValuEngine raised shares of Markel from a “sell” rating to a “hold” rating in a research note on Monday, April 2nd. Finally, William Blair raised shares of Markel from a “market perform” rating to an “outperform” rating in a research note on Monday, March 19th. Four research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. Markel has an average rating of “Buy” and a consensus 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.
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