Markel Co. (NYSE:MKL) Director Steven A. Markel Sells 437 Shares of Stock

Markel Co. (NYSE:MKL) Director Steven A. Markel sold 437 shares of Markel stock in a transaction that occurred on Thursday, April 29th. The shares were sold at an average price of $1,197.29, for a total value of $523,215.73. Following the completion of the sale, the director now directly owns 84,813 shares in the company, valued at approximately $101,545,756.77. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Shares of Markel stock opened at $1,190.80 on Tuesday. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.68 and a quick ratio of 0.68. Markel Co. has a 1 year low of $761.06 and a 1 year high of $1,218.88. The company has a market capitalization of $16.40 billion, a P/E ratio of 36.71 and a beta of 0.67. The business has a 50 day moving average price of $1,167.72 and a 200 day moving average price of $1,062.93.

Markel (NYSE:MKL) last issued its quarterly earnings data on Monday, February 1st. The insurance provider reported $8.37 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $9.12 by ($0.75). Markel had a return on equity of 2.41% and a net margin of 5.29%. The company had revenue of $2.51 billion for the quarter, compared to analyst estimates of $2.42 billion. As a group, research analysts expect that Markel Co. will post 19.2 EPS for the current fiscal year.

Several equities research analysts have recently commented on the company. Zacks Investment Research lowered Markel from a “strong-buy” rating to a “sell” rating and set a $1,245.00 price target on the stock. in a research note on Tuesday, April 6th. Truist boosted their price target on Markel from $1,050.00 to $1,150.00 in a research note on Wednesday, January 6th. Truist Financial decreased their price target on Markel from $1,350.00 to $1,150.00 in a research note on Tuesday, April 13th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on Markel from $1,100.00 to $1,125.00 and gave the stock a “hold” rating in a research note on Thursday, February 4th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $1,144.00.

Several institutional investors have recently modified their holdings of MKL. Crewe Advisors LLC raised its holdings in Markel by 60.0% in the 1st quarter. Crewe Advisors LLC now owns 24 shares of the insurance provider’s stock valued at $27,000 after acquiring an additional 9 shares during the last quarter. WCM Investment Management LLC raised its holdings in Markel by 2.9% in the 4th quarter. WCM Investment Management LLC now owns 353 shares of the insurance provider’s stock valued at $365,000 after acquiring an additional 10 shares during the last quarter. Voya Financial Advisors Inc. raised its holdings in Markel by 4.0% in the 4th quarter. Voya Financial Advisors Inc. now owns 263 shares of the insurance provider’s stock valued at $268,000 after acquiring an additional 10 shares during the last quarter. Carmichael Hill & Associates Inc. raised its holdings in Markel by 33.3% in the 1st quarter. Carmichael Hill & Associates Inc. now owns 40 shares of the insurance provider’s stock valued at $46,000 after acquiring an additional 10 shares during the last quarter. Finally, FineMark National Bank & Trust raised its holdings in Markel by 4.8% in the 4th quarter. FineMark National Bank & Trust now owns 238 shares of the insurance provider’s stock valued at $246,000 after acquiring an additional 11 shares during the last quarter. Hedge funds and other institutional investors own 74.60% 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, Bermuda, the United Kingdom, rest of Europe, Canada, Latin America, the Asia Pacific, and the Middle East. Its Insurance segment offers general and professional liability, personal lines, marine and energy, specialty programs, and workers' compensation insurance products; and property coverages that include fire, allied lines, and other specialized property coverages, including catastrophe-exposed property risks, such as earthquake and wind.

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