Markel Co. (NYSE:MKL) insider Alan I. Kirshner sold 100 shares of Markel stock in a transaction on Monday, July 2nd. The shares were sold at an average price of $1,085.92, for a total value of $108,592.00. Following the completion of the transaction, the insider now owns 23,750 shares in the company, valued at approximately $25,790,600. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Shares of Markel traded down $0.13, reaching $1,083.48, during midday trading on Tuesday, according to MarketBeat.com. 15,000 shares of the company were exchanged, compared to its average volume of 32,699. The stock has a market cap of $15.06 billion, a PE ratio of 299.30 and a beta of 0.90. Markel Co. has a 1-year low of $963.79 and a 1-year high of $1,194.98. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.59 and a quick ratio of 0.59.
Markel (NYSE:MKL) last issued its quarterly earnings data on Tuesday, April 24th. The insurance provider reported $11.39 EPS for the quarter, topping the Zacks’ consensus estimate of $8.71 by $2.68. The company had revenue of $1.70 billion for the quarter, compared to analysts’ expectations of $1.61 billion. Markel had a return on equity of 1.47% and a net margin of 4.19%. research analysts anticipate that Markel Co. will post 38.48 earnings per share for the current year.
A number of research analysts recently weighed in on the company. Zacks Investment Research cut Markel from a “strong-buy” rating to a “hold” rating in a report on Wednesday, June 27th. Boenning Scattergood set a $1,250.00 target price on Markel and gave the company a “buy” rating in a report on Friday, April 27th. Argus assumed coverage on Markel in a report on Wednesday, April 11th. They issued a “hold” rating on the stock. ValuEngine upgraded Markel from a “sell” rating to a “hold” rating in a report on Monday, April 2nd. Finally, William Blair upgraded Markel from a “market perform” rating to an “outperform” rating in a report on Monday, March 19th. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $1,237.50.
Several institutional investors and hedge funds have recently modified their holdings of MKL. Summit Trail Advisors LLC lifted its stake in shares of Markel by 115,809.3% during the first quarter. Summit Trail Advisors LLC now owns 224,864 shares of the insurance provider’s stock worth $225,000 after purchasing an additional 224,670 shares in the last quarter. Thrivent Financial For Lutherans acquired a new position in shares of Markel during the fourth quarter worth about $55,990,000. Thrivent Financial for Lutherans lifted its stake in shares of Markel by 92.6% during the first quarter. Thrivent Financial for Lutherans now owns 94,666 shares of the insurance provider’s stock worth $110,783,000 after purchasing an additional 45,514 shares in the last quarter. Captrust Financial Advisors acquired a new position in shares of Markel during the fourth quarter worth about $9,462,000. Finally, Principal Financial Group Inc. lifted its stake in shares of Markel by 1.0% during the first quarter. Principal Financial Group Inc. now owns 671,504 shares of the insurance provider’s stock worth $785,828,000 after purchasing an additional 6,453 shares in the last quarter. Institutional investors own 76.24% of the company’s stock.
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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