Markel Co. (NYSE:MKL) Vice Chairman Sells $283,375.00 in Stock

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Markel Co. (NYSE:MKL) Vice Chairman Steven A. Markel sold 250 shares of Markel stock in a transaction on Thursday, October 17th. The stock was sold at an average price of $1,133.50, for a total transaction of $283,375.00. Following the completion of the sale, the insider now owns 92,367 shares of the company’s stock, valued at approximately $104,697,994.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

MKL stock opened at $1,130.99 on Monday. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.58 and a quick ratio of 0.58. Markel Co. has a 1-year low of $950.16 and a 1-year high of $1,216.47. The firm has a fifty day moving average price of $1,164.02 and a two-hundred day moving average price of $1,097.67. The firm has a market cap of $15.59 billion, a price-to-earnings ratio of 55.09 and a beta of 0.77.

Markel (NYSE:MKL) last released its earnings results on Tuesday, July 30th. The insurance provider reported $11.84 earnings per share for the quarter. Markel had a net margin of 9.07% and a return on equity of 7.38%. The firm had revenue of $2.01 billion during the quarter. As a group, analysts expect that Markel Co. will post 37.58 EPS for the current fiscal year.

A number of hedge funds have recently added to or reduced their stakes in the business. Stephens Inc. AR increased its stake in Markel by 2.2% during the third quarter. Stephens Inc. AR now owns 661 shares of the insurance provider’s stock valued at $781,000 after purchasing an additional 14 shares during the last quarter. Tuttle Tactical Management acquired a new position in shares of Markel during the third quarter valued at $2,691,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Markel by 5.5% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,045 shares of the insurance provider’s stock valued at $3,599,000 after acquiring an additional 158 shares during the period. Baskin Financial Services Inc. boosted its holdings in shares of Markel by 3.7% during the third quarter. Baskin Financial Services Inc. now owns 10,600 shares of the insurance provider’s stock valued at $12,528,000 after acquiring an additional 381 shares during the period. Finally, Nisa Investment Advisors LLC boosted its holdings in shares of Markel by 3.1% during the third quarter. Nisa Investment Advisors LLC now owns 1,670 shares of the insurance provider’s stock valued at $1,974,000 after acquiring an additional 50 shares during the period. Hedge funds and other institutional investors own 75.38% of the company’s stock.

Several analysts have weighed in on the stock. Boenning Scattergood reiterated an “outperform” rating on shares of Markel in a research note on Monday, July 1st. ValuEngine lowered shares of Markel from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $1,130.25.

About Markel

Markel Corporation, a diverse financial holding company, markets and underwrites specialty insurance products in the United States, the United Kingdom, Canada, and internationally. Its Insurance segment offers general and professional liability, property, personal lines, marine and energy, specialty programs, and workers' compensation insurance products.

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