Markel Corporation (NYSE:MKL) insider Alan I. Kirshner sold 100 shares of the stock in a transaction on Thursday, August 3rd. The stock was sold at an average price of $1,054.03, for a total value of $105,403.00. Following the transaction, the insider now directly owns 25,555 shares in the company, valued at approximately $26,935,736.65. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Shares of Markel Corporation (NYSE MKL) traded up 0.24% on Friday, hitting $1058.22. The company had a trading volume of 27,560 shares. The company has a market cap of $14.72 billion, a price-to-earnings ratio of 36.59 and a beta of 1.03. Markel Corporation has a 12-month low of $811.05 and a 12-month high of $1,086.68. The company has a 50 day moving average of $991.58 and a 200-day moving average of $968.73.

Markel Corporation (NYSE:MKL) last posted its quarterly earnings data on Wednesday, July 26th. The insurance provider reported $9.94 earnings per share for the quarter, topping the consensus estimate of $6.27 by $3.67. Markel Corporation had a net margin of 7.58% and a return on equity of 4.81%. The firm had revenue of $1.46 billion for the quarter, compared to analysts’ expectations of $1.46 billion. On average, analysts forecast that Markel Corporation will post $26.32 earnings per share for the current year.

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Institutional investors have recently bought and sold shares of the stock. Cambridge Trust Co. boosted its position in Markel Corporation by 0.4% in the second quarter. Cambridge Trust Co. now owns 462 shares of the insurance provider’s stock valued at $451,000 after buying an additional 2 shares in the last quarter. Ironwood Investment Management LLC boosted its position in Markel Corporation by 0.7% in the second quarter. Ironwood Investment Management LLC now owns 444 shares of the insurance provider’s stock valued at $433,000 after buying an additional 3 shares in the last quarter. Stratos Wealth Partners LTD. boosted its position in Markel Corporation by 0.7% in the second quarter. Stratos Wealth Partners LTD. now owns 461 shares of the insurance provider’s stock valued at $450,000 after buying an additional 3 shares in the last quarter. Somerset Trust Co boosted its position in Markel Corporation by 0.4% in the second quarter. Somerset Trust Co now owns 897 shares of the insurance provider’s stock valued at $875,000 after buying an additional 4 shares in the last quarter. Finally, Private Advisor Group LLC boosted its position in Markel Corporation by 0.5% in the first quarter. Private Advisor Group LLC now owns 1,116 shares of the insurance provider’s stock valued at $1,085,000 after buying an additional 5 shares in the last quarter. Institutional investors and hedge funds own 76.11% of the company’s stock.

A number of brokerages have weighed in on MKL. BidaskClub lowered Markel Corporation from a “hold” rating to a “sell” rating in a research note on Thursday, June 22nd. Zacks Investment Research raised Markel Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, June 27th. ValuEngine raised Markel Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday. Finally, Boenning Scattergood set a $1,050.00 price target on Markel Corporation and gave the stock a “buy” rating in a research note on Wednesday, July 26th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Markel Corporation presently has an average rating of “Hold” and a consensus target price of $1,050.00.

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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