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.
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.
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