Steven A. Markel Sells 200 Shares of Markel Corporation (MKL) Stock

Markel Corporation (NYSE:MKL) Vice Chairman Steven A. Markel sold 200 shares of the stock in a transaction that occurred on Thursday, November 9th. The stock was sold at an average price of $1,071.94, for a total transaction of $214,388.00. Following the completion of the sale, the insider now directly owns 108,950 shares of the company’s stock, valued at $116,787,863. The transaction was disclosed in a filing with the SEC, which is available at this link.

Shares of Markel Corporation (NYSE:MKL) opened at $1,077.82 on Wednesday. The stock has a market capitalization of $14,888.78, a price-to-earnings ratio of 351.40 and a beta of 1.05. Markel Corporation has a 52-week low of $867.02 and a 52-week high of $1,105.23. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.55 and a quick ratio of 0.55.

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A number of equities research analysts have issued reports on the stock. Zacks Investment Research lowered shares of Markel Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, October 3rd. Boenning Scattergood reiterated a “buy” rating on shares of Markel Corporation in a research report on Thursday, October 26th. BidaskClub upgraded Markel Corporation from a “hold” rating to a “buy” rating in a research report on Thursday, August 3rd. Royal Bank Of Canada reiterated a “hold” rating and set a $1,050.00 target price on shares of Markel Corporation in a research report on Tuesday, October 3rd. Finally, SunTrust Banks, Inc. reiterated a “hold” rating and set a $1,100.00 target price on shares of Markel Corporation in a research report on Friday, October 27th. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $1,066.67.

A number of institutional investors and hedge funds have recently modified their holdings of MKL. Teachers Advisors LLC lifted its position in Markel Corporation by 5.2% in the first quarter. Teachers Advisors LLC now owns 15,689 shares of the insurance provider’s stock worth $15,310,000 after buying an additional 778 shares during the last quarter. Morgan Stanley lifted its position in Markel Corporation by 8.0% in the first quarter. Morgan Stanley now owns 11,031 shares of the insurance provider’s stock worth $10,764,000 after buying an additional 816 shares during the last quarter. KCG Holdings Inc. bought a new stake in Markel Corporation in the first quarter worth $236,000. HighTower Advisors LLC lifted its position in Markel Corporation by 53.6% in the first quarter. HighTower Advisors LLC now owns 421 shares of the insurance provider’s stock worth $413,000 after buying an additional 147 shares during the last quarter. Finally, Capstone Asset Management Co. lifted its position in Markel Corporation by 9.5% in the second quarter. Capstone Asset Management Co. now owns 404 shares of the insurance provider’s stock worth $394,000 after buying an additional 35 shares during the last quarter. Institutional investors own 76.78% of the company’s stock.

Markel Corporation Company Profile

Markel Corporation is a financial holding company serving a range of markets. The Company’s principal business markets and underwrites specialty insurance products. It monitors and reports its ongoing underwriting operations in three segments: U.S. Insurance, International Insurance and Reinsurance. The Company, through its subsidiary Markel Ventures, Inc (Markel Ventures), owns interests in various industrial and service businesses that operate outside of the specialty insurance marketplace.

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

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