Alan I. Kirshner Sells 100 Shares of Markel Co. (MKL) Stock

Markel Co. (NYSE:MKL) insider Alan I. Kirshner sold 100 shares of the company’s stock in a transaction on Monday, April 2nd. The stock was sold at an average price of $1,149.02, for a total value of $114,902.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Shares of NYSE:MKL opened at $1,161.23 on Friday. The firm has a market cap of $16,061.38, a PE ratio of 1,992.11 and a beta of 0.89. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.60 and a quick ratio of 0.60. Markel Co. has a 52-week low of $936.95 and a 52-week high of $1,194.98.

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Markel (NYSE:MKL) last announced its quarterly earnings results on Tuesday, February 6th. The insurance provider reported $6.64 earnings per share (EPS) for the quarter, missing the consensus estimate of $8.55 by ($1.91). The company had revenue of $1.67 billion for the quarter, compared to analyst estimates of $1.58 billion. Markel had a return on equity of 0.39% and a net margin of 6.52%. sell-side analysts anticipate that Markel Co. will post 36.87 EPS for the current year.

A number of hedge funds and other institutional investors have recently bought and sold shares of MKL. Thrivent Financial For Lutherans acquired a new stake in Markel during the 4th quarter worth about $55,990,000. Mar Vista Investment Partners LLC grew its holdings in Markel by 15.9% during the 4th quarter. Mar Vista Investment Partners LLC now owns 133,921 shares of the insurance provider’s stock worth $152,553,000 after acquiring an additional 18,326 shares during the period. Heritage Wealth Advisors grew its holdings in Markel by 316.7% during the 4th quarter. Heritage Wealth Advisors now owns 20,507 shares of the insurance provider’s stock worth $23,361,000 after acquiring an additional 15,586 shares during the period. Victory Capital Management Inc. grew its holdings in Markel by 8.3% during the 4th quarter. Victory Capital Management Inc. now owns 175,898 shares of the insurance provider’s stock worth $200,371,000 after acquiring an additional 13,480 shares during the period. Finally, Mackenzie Financial Corp grew its holdings in Markel by 18.1% during the 4th quarter. Mackenzie Financial Corp now owns 59,732 shares of the insurance provider’s stock worth $68,043,000 after acquiring an additional 9,156 shares during the period. Institutional investors and hedge funds own 78.15% of the company’s stock.

Several research firms have weighed in on MKL. ValuEngine upgraded Markel from a “sell” rating to a “hold” rating in a research note on Monday. William Blair upgraded Markel from a “market perform” rating to an “outperform” rating in a research note on Monday, March 19th. Zacks Investment Research cut Markel from a “buy” rating to a “hold” rating in a research note on Tuesday, January 23rd. Royal Bank of Canada reiterated a “hold” rating and set a $1,200.00 price target on shares of Markel in a report on Thursday, February 8th. Finally, SunTrust Banks upped their price target on shares of Markel to $1,200.00 and gave the stock a “hold” rating in a report on Thursday, February 8th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $1,172.00.

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Markel Company Profile

Markel Corporation, a diverse financial holding company, markets and underwrites specialty insurance products in the United States, the United Kingdom, Canada, and internationally. It operates through three segments: U.S. Insurance, International Insurance, and Reinsurance. The U.S. Insurance segment offers general and professional liability, property, personal line, program, and workers' compensation insurance products, as well as other insurance product lines, such as ocean marine, surety, CPI, and coverages.

Insider Buying and Selling by Quarter for Markel (NYSE:MKL)

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