Markel Corp. (NYSE:MKL)’s share price gapped up before the market opened on Thursday . The stock had previously closed at $938.08, but opened at $939.45. Markel Corp. shares last traded at $941.53, with a volume of 10,835 shares changing hands.

Several equities analysts have weighed in on MKL shares. Zacks Investment Research raised Markel Corp. from a “hold” rating to a “strong-buy” rating and set a $1,045.00 price objective for the company in a report on Saturday, April 16th. William Blair raised Markel Corp. from a “market perform” rating to an “outperform” rating in a report on Thursday, April 14th.

The stock has a 50 day moving average of $940.48 and a 200-day moving average of $898.77. The company has a market cap of $13.18 billion and a PE ratio of 23.96.

Markel Corp. (NYSE:MKL) last released its earnings results on Tuesday, May 3rd. The company reported $11.15 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $6.79 by $4.36. Analysts forecast that Markel Corp. will post $31.50 EPS for the current year.

In related news, Chairman Alan I. Kirshner sold 1,990 shares of the business’s stock in a transaction that occurred on Friday, May 20th. The shares were sold at an average price of $972.24, for a total value of $1,934,757.60. Following the completion of the transaction, the chairman now directly owns 24,971 shares in the company, valued at approximately $24,277,805.04. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Anne G. Waleski sold 746 shares of the business’s stock in a transaction that occurred on Thursday, May 19th. The stock was sold at an average price of $965.51, for a total transaction of $720,270.46. Following the completion of the transaction, the chief financial officer now owns 4,677 shares of the company’s stock, valued at $4,515,690.27. The disclosure for this sale can be found here.

A number of institutional investors have recently made changes to their positions in the company. Baillie Gifford & Co. raised its position in shares of Markel Corp. by 1.5% in the fourth quarter. Baillie Gifford & Co. now owns 1,006,576 shares of the company’s stock worth $889,159,000 after buying an additional 14,440 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Markel Corp. by 5.8% in the fourth quarter. Vanguard Group Inc. now owns 934,030 shares of the company’s stock worth $825,075,000 after buying an additional 50,850 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Markel Corp. by 2.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 65,074 shares of the company’s stock worth $57,489,000 after buying an additional 1,366 shares during the last quarter. New York State Common Retirement Fund raised its position in shares of Markel Corp. by 1.4% in the fourth quarter. New York State Common Retirement Fund now owns 39,940 shares of the company’s stock worth $35,281,000 after buying an additional 540 shares during the last quarter. Finally, Clarkston Capital Partners LLC raised its position in shares of Markel Corp. by 18.8% in the fourth quarter. Clarkston Capital Partners LLC now owns 32,298 shares of the company’s stock worth $28,530,000 after buying an additional 5,105 shares during the last quarter.

Markel Corporation is a financial holding company serving a range of markets. The Company’s principal business markets and underwrites specialty insurance products. The Company monitors and reports its ongoing underwriting operations in three segments: U.S. Insurance, International Insurance and Reinsurance.

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