Steven A. Markel Sells 120 Shares of Markel Co. (MKL) Stock

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Markel Co. (NYSE:MKL) Vice Chairman Steven A. Markel sold 120 shares of the business’s stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $1,000.00, for a total transaction of $120,000.00. Following the sale, the insider now directly owns 101,135 shares in the company, valued at $101,135,000. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Steven A. Markel also recently made the following trade(s):

  • On Monday, January 7th, Steven A. Markel sold 100 shares of Markel stock. The shares were sold at an average price of $1,035.99, for a total transaction of $103,599.00.

Shares of NYSE MKL traded up $4.05 during mid-day trading on Friday, reaching $1,008.78. The company had a trading volume of 56,389 shares, compared to its average volume of 43,815. Markel Co. has a twelve month low of $950.16 and a twelve month high of $1,228.32. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 0.33. The company has a market capitalization of $14.02 billion, a PE ratio of 49.14 and a beta of 0.86.

Markel (NYSE:MKL) last posted its quarterly earnings results on Tuesday, February 5th. The insurance provider reported $2.27 earnings per share for the quarter, missing the Zacks’ consensus estimate of $3.31 by ($1.04). Markel had a positive return on equity of 9.15% and a negative net margin of 2.02%. The company had revenue of $1.89 billion during the quarter, compared to analyst estimates of $1.83 billion. As a group, analysts predict that Markel Co. will post 39.04 EPS for the current year.

MKL has been the topic of several recent analyst reports. Zacks Investment Research raised shares of Markel from a “hold” rating to a “buy” rating and set a $1,163.00 target price on the stock in a research note on Wednesday, January 2nd. TheStreet downgraded shares of Markel from a “b” rating to a “c” rating in a research note on Wednesday, February 6th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $1,231.50.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Alpha Omega Wealth Management LLC increased its stake in shares of Markel by 2.0% in the fourth quarter. Alpha Omega Wealth Management LLC now owns 511 shares of the insurance provider’s stock worth $530,000 after acquiring an additional 10 shares during the last quarter. Security Asset Management increased its position in Markel by 0.5% during the fourth quarter. Security Asset Management now owns 1,897 shares of the insurance provider’s stock worth $1,969,000 after buying an additional 10 shares during the last quarter. Wilbanks Smith & Thomas Asset Management LLC increased its position in Markel by 7.5% during the fourth quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 200 shares of the insurance provider’s stock worth $208,000 after buying an additional 14 shares during the last quarter. Benjamin F. Edwards & Company Inc. increased its position in Markel by 17.6% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 100 shares of the insurance provider’s stock worth $104,000 after buying an additional 15 shares during the last quarter. Finally, Parallel Advisors LLC increased its position in Markel by 31.3% during the fourth quarter. Parallel Advisors LLC now owns 63 shares of the insurance provider’s stock worth $65,000 after buying an additional 15 shares during the last quarter. 75.61% of the stock is currently owned by institutional investors and hedge funds.

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About Markel

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.

See Also: Analyst Ratings Trading

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

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