Markel Co. (NYSE:MKL) Vice Chairman Sells $298,977.50 in Stock

Markel Co. (NYSE:MKL) Vice Chairman Steven A. Markel sold 250 shares of the business’s stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $1,195.91, for a total transaction of $298,977.50. Following the completion of the sale, the insider now directly owns 94,365 shares of the company’s stock, valued at $112,852,047.15. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Shares of Markel stock traded down $1.95 on Friday, reaching $1,185.28. The stock had a trading volume of 51,421 shares, compared to its average volume of 43,159. The business’s 50-day moving average price is $1,143.75 and its two-hundred day moving average price is $1,071.56. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.58 and a current ratio of 0.58. Markel Co. has a fifty-two week low of $950.16 and a fifty-two week high of $1,220.60. The stock has a market cap of $16.40 billion, a P/E ratio of 57.73 and a beta of 0.78.

Markel (NYSE:MKL) last issued its quarterly earnings data on Tuesday, July 30th. The insurance provider reported $11.84 earnings per share for the quarter. Markel had a net margin of 9.07% and a return on equity of 7.38%. The business had revenue of $2.01 billion during the quarter. As a group, equities analysts forecast that Markel Co. will post 37.2 earnings per share for the current fiscal year.

Several research firms have commented on MKL. Deutsche Bank began coverage on shares of Markel in a research report on Thursday, May 23rd. They issued a “hold” rating and a $1,000.00 target price for the company. Zacks Investment Research downgraded shares of Markel from a “hold” rating to a “sell” rating in a research report on Thursday, May 23rd. Boenning Scattergood reissued an “outperform” rating on shares of Markel in a research report on Monday, July 1st. Finally, ValuEngine raised shares of Markel from a “hold” rating to a “buy” rating in a research report on Friday, September 6th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $1,130.25.

Several institutional investors have recently modified their holdings of the company. Vestmark Advisory Solutions Inc. raised its stake in Markel by 1.9% during the 2nd quarter. Vestmark Advisory Solutions Inc. now owns 476 shares of the insurance provider’s stock valued at $519,000 after purchasing an additional 9 shares during the last quarter. Atria Investments LLC raised its stake in Markel by 3.5% during the 2nd quarter. Atria Investments LLC now owns 263 shares of the insurance provider’s stock valued at $300,000 after purchasing an additional 9 shares during the last quarter. GHP Investment Advisors Inc. raised its stake in Markel by 1.3% during the 1st quarter. GHP Investment Advisors Inc. now owns 765 shares of the insurance provider’s stock valued at $762,000 after purchasing an additional 10 shares during the last quarter. Parisi Gray Wealth Management raised its stake in Markel by 1.3% during the 1st quarter. Parisi Gray Wealth Management now owns 800 shares of the insurance provider’s stock valued at $801,000 after purchasing an additional 10 shares during the last quarter. Finally, BB&T Corp raised its stake in Markel by 3.0% during the 2nd quarter. BB&T Corp now owns 338 shares of the insurance provider’s stock valued at $369,000 after purchasing an additional 10 shares during the last quarter. Institutional investors and hedge funds own 75.36% of the company’s stock.

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. Its Insurance segment offers general and professional liability, property, personal lines, marine and energy, specialty programs, and workers' compensation insurance products.

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

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