Markel Co. (NYSE:MKL) Director Acquires $57,433.92 in Stock

Markel Co. (NYSE:MKL – Get Rating) Director A. Lynne Puckett acquired 48 shares of Markel stock in a transaction on Thursday, August 4th. The shares were purchased at an average price of $1,196.54 per share, for a total transaction of $57,433.92. Following the completion of the acquisition, the director now directly owns 873 shares in the company, valued at $1,044,579.42. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website.

Markel Stock Down 1.2 %

Shares of Markel stock traded down $13.92 during trading on Friday, reaching $1,167.94. The company’s stock had a trading volume of 65,521 shares, compared to its average volume of 57,268. The company has a quick ratio of 0.66, a current ratio of 0.65 and a debt-to-equity ratio of 0.37. The company has a market cap of $15.85 billion, a price-to-earnings ratio of 665.02 and a beta of 0.70. Markel Co. has a 1-year low of $1,165.18 and a 1-year high of $1,519.24. The company has a 50-day simple moving average of $1,302.96 and a two-hundred day simple moving average of $1,329.63.

Markel (NYSE:MKL – Get Rating) last posted its quarterly earnings data on Tuesday, August 2nd. The insurance provider reported $45.02 earnings per share for the quarter, topping analysts’ consensus estimates of $21.43 by $23.59. Markel had a return on equity of 6.03% and a net margin of 0.83%. During the same period in the previous year, the business posted $19.14 earnings per share. As a group, equities analysts forecast that Markel Co. will post 71.93 earnings per share for the current year.

Institutional Trading of Markel

A number of institutional investors have recently made changes to their positions in MKL. JFS Wealth Advisors LLC lifted its position in Markel by 500.0% during the 1st quarter. JFS Wealth Advisors LLC now owns 18 shares of the insurance provider’s stock worth $27,000 after acquiring an additional 15 shares during the period. Riverview Trust Co acquired a new stake in Markel during the 1st quarter worth about $32,000. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in Markel during the 1st quarter worth about $32,000. CWM LLC acquired a new stake in Markel during the 4th quarter worth about $37,000. Finally, Covestor Ltd acquired a new stake in Markel during the 4th quarter worth about $37,000. Institutional investors and hedge funds own 77.07% of the company’s stock.

Analysts Set New Price Targets

MKL has been the topic of several recent research reports. William Blair reaffirmed an “outperform” rating on shares of Markel in a research report on Wednesday, April 27th. Truist Financial dropped their target price on Markel from $1,500.00 to $1,300.00 and set a “hold” rating on the stock in a research report on Friday. Finally, Royal Bank of Canada dropped their target price on Markel from $1,650.00 to $1,600.00 and set an “outperform” rating on the stock in a research report on Thursday. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, Markel currently has a consensus rating of “Hold” and an average target price of $1,450.00.

Markel Company Profile

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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, 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.