Markel Co. (NYSE:MKL) Director Michael Jay Schewel bought 225 shares of the firm’s stock in a transaction that occurred on Friday, February 23rd. The stock was bought at an average cost of $1,114.90 per share, for a total transaction of $250,852.50. Following the completion of the acquisition, the director now owns 5,990 shares in the company, valued at approximately $6,678,251. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Markel Co. (MKL) opened at $1,112.00 on Thursday. Markel Co. has a twelve month low of $936.95 and a twelve month high of $1,157.30. The company has a market capitalization of $15,611.96, a price-to-earnings ratio of 1,936.36 and a beta of 0.95. The company has a quick ratio of 0.55, a current ratio of 0.60 and a debt-to-equity ratio of 0.33.
A number of hedge funds have recently modified their holdings of the business. BlackRock Inc. increased its stake in Markel by 0.3% in the 4th quarter. BlackRock Inc. now owns 845,404 shares of the insurance provider’s stock worth $963,025,000 after buying an additional 2,155 shares in the last quarter. Principal Financial Group Inc. increased its stake in Markel by 0.9% in the 3rd quarter. Principal Financial Group Inc. now owns 665,259 shares of the insurance provider’s stock worth $710,484,000 after buying an additional 6,092 shares in the last quarter. Atlanta Capital Management Co. L L C increased its stake in Markel by 0.6% in the 3rd quarter. Atlanta Capital Management Co. L L C now owns 567,924 shares of the insurance provider’s stock worth $606,532,000 after buying an additional 3,264 shares in the last quarter. Bessemer Group Inc. increased its stake in Markel by 1.3% in the 4th quarter. Bessemer Group Inc. now owns 179,515 shares of the insurance provider’s stock worth $204,491,000 after buying an additional 2,314 shares in the last quarter. Finally, Victory Capital Management Inc. increased its stake in Markel by 8.3% in the 4th quarter. Victory Capital Management Inc. now owns 175,898 shares of the insurance provider’s stock worth $200,371,000 after buying an additional 13,480 shares in the last quarter. Institutional investors and hedge funds own 76.65% of the company’s stock.
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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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