Markel Co. (NYSE:MKL) CEO Thomas Sinnickson Gayner Acquires 50 Shares

Markel Co. (NYSE:MKLGet Rating) CEO Thomas Sinnickson Gayner acquired 50 shares of the company’s stock in a transaction dated Thursday, August 4th. The stock was purchased at an average cost of $1,202.46 per share, with a total value of $60,123.00. Following the completion of the purchase, the chief executive officer now directly owns 42,077 shares of the company’s stock, valued at approximately $50,595,909.42. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Thomas Sinnickson Gayner also recently made the following trade(s):

  • On Monday, May 9th, Thomas Sinnickson Gayner acquired 50 shares of Markel stock. The stock was purchased at an average cost of $1,306.00 per share, with a total value of $65,300.00.

Markel Trading Down 1.2 %

MKL opened at $1,167.94 on Friday. Markel Co. has a 12 month low of $1,165.18 and a 12 month high of $1,519.24. The stock has a market capitalization of $15.79 billion, a price-to-earnings ratio of 663.61 and a beta of 0.70. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.65 and a quick ratio of 0.66. The business has a fifty day moving average price of $1,298.24 and a 200 day moving average price of $1,328.99.

Markel (NYSE:MKLGet Rating) last released its quarterly earnings data on Tuesday, August 2nd. The insurance provider reported $45.02 earnings per share (EPS) for the quarter, topping the consensus estimate 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 quarter in the previous year, the company posted $19.14 earnings per share. Sell-side analysts expect that Markel Co. will post 71.93 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in MKL. Allspring Global Investments Holdings LLC acquired a new position in shares of Markel during the 4th quarter worth about $88,000. Yousif Capital Management LLC purchased a new stake in shares of Markel in the 4th quarter valued at about $391,000. CWM LLC purchased a new stake in shares of Markel in the 4th quarter valued at about $37,000. Robeco Institutional Asset Management B.V. lifted its holdings in shares of Markel by 0.7% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 5,242 shares of the insurance provider’s stock valued at $6,468,000 after purchasing an additional 36 shares during the last quarter. Finally, Qube Research & Technologies Ltd lifted its holdings in shares of Markel by 734.2% in the 4th quarter. Qube Research & Technologies Ltd now owns 20,096 shares of the insurance provider’s stock valued at $24,798,000 after purchasing an additional 17,687 shares during the last quarter. 77.07% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on MKL shares. William Blair reaffirmed an “outperform” rating on shares of Markel in a research note on Wednesday, April 27th. Royal Bank of Canada lowered their target price on Markel from $1,650.00 to $1,600.00 and set an “outperform” rating for the company in a research note on Thursday. Finally, Truist Financial lowered their target price on Markel from $1,500.00 to $1,300.00 and set a “hold” rating for the company in a research note on Friday. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $1,450.00.

Markel Company Profile

(Get Rating)

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.

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