Insider Selling: Markel Co. (MKL) Vice Chairman Sells 200 Shares of Stock
Markel Co. (NYSE:MKL) Vice Chairman Steven A. Markel sold 200 shares of the company’s stock in a transaction that occurred on Thursday, December 21st. The shares were sold at an average price of $1,132.73, for a total value of $226,546.00. Following the transaction, the insider now directly owns 107,210 shares in the company, valued at approximately $121,439,983.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Shares of Markel Co. (NYSE:MKL) traded down $6.97 during midday trading on Friday, hitting $1,124.16. The company had a trading volume of 61,700 shares, compared to its average volume of 8,111. The company has a quick ratio of 0.55, a current ratio of 0.55 and a debt-to-equity ratio of 0.28. The stock has a market capitalization of $15,713.54, a price-to-earnings ratio of 370.86 and a beta of 1.05. Markel Co. has a 12-month low of $612.00 and a 12-month high of $1,157.30.
A number of institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. lifted its holdings in Markel by 2.6% during the second quarter. Vanguard Group Inc. now owns 1,129,189 shares of the insurance provider’s stock worth $1,101,931,000 after buying an additional 28,104 shares during the period. BlackRock Inc. lifted its holdings in shares of Markel by 0.4% during the 2nd quarter. BlackRock Inc. now owns 836,138 shares of the insurance provider’s stock valued at $815,955,000 after purchasing an additional 3,590 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in shares of Markel by 0.9% during the 3rd quarter. Principal Financial Group Inc. now owns 665,259 shares of the insurance provider’s stock valued at $710,484,000 after purchasing an additional 6,092 shares during the last quarter. Atlanta Capital Management Co. L L C lifted its holdings in shares of Markel by 0.6% during the 3rd quarter. Atlanta Capital Management Co. L L C now owns 567,924 shares of the insurance provider’s stock valued at $606,532,000 after purchasing an additional 3,264 shares during the last quarter. Finally, Baillie Gifford & Co. lifted its holdings in shares of Markel by 0.6% during the 2nd quarter. Baillie Gifford & Co. now owns 560,203 shares of the insurance provider’s stock valued at $546,680,000 after purchasing an additional 3,147 shares during the last quarter. Institutional investors own 76.79% of the company’s stock.
A number of analysts recently issued reports on the company. SunTrust Banks reiterated a “hold” rating and issued a $1,100.00 price target on shares of Markel in a report on Friday, October 27th. Boenning Scattergood reiterated a “buy” rating on shares of Markel in a report on Thursday, October 26th. Zacks Investment Research lowered Markel from a “buy” rating to a “hold” rating in a report on Tuesday, October 3rd. Finally, Royal Bank of Canada reiterated a “hold” rating and issued a $1,050.00 price target on shares of Markel in a report on Tuesday, October 3rd. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $1,066.67.
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Markel 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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