Markel Co. (NYSE:MKL) Vice Chairman Steven A. Markel Sells 250 Shares

Markel Co. (NYSE:MKL) Vice Chairman Steven A. Markel sold 250 shares of Markel stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $1,174.42, for a total value of $293,605.00. Following the sale, the insider now directly owns 94,620 shares of the company’s stock, valued at approximately $111,123,620.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

MKL stock traded down $0.47 during mid-day trading on Thursday, hitting $1,195.76. 5,631 shares of the stock were exchanged, compared to its average volume of 24,934. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.58 and a quick ratio of 0.58. The business has a fifty day moving average price of $1,141.95 and a 200 day moving average price of $1,070.63. Markel Co. has a 12 month low of $950.16 and a 12 month high of $1,225.00. The stock has a market capitalization of $16.54 billion, a price-to-earnings ratio of 58.24 and a beta of 0.78.

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



MKL has been the subject of several research analyst reports. Boenning Scattergood reaffirmed an “outperform” rating on shares of Markel in a research note on Monday, July 1st. Zacks Investment Research lowered Markel from a “hold” rating to a “sell” rating in a research note on Thursday, May 23rd. Deutsche Bank initiated coverage on Markel in a research note on Thursday, May 23rd. They set a “hold” rating and a $1,000.00 price target for the company. Finally, ValuEngine raised Markel from a “hold” rating to a “buy” rating in a research note on Friday, September 6th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $1,130.25.

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

About Markel

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.

Read More: Does the Step Transaction Doctrine Affect a Backdoor Roth IRA?

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

Receive News & Ratings for Markel Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Markel and related companies with MarketBeat.com's FREE daily email newsletter.