Insider Selling: Markel Co. (NYSE:MKL) Vice Chairman Sells 41 Shares of Stock

Markel Co. (NYSE:MKL) Vice Chairman Anthony F. Markel sold 41 shares of the company’s stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $1,118.24, for a total value of $45,847.84. Following the completion of the transaction, the insider now owns 99,338 shares of the company’s stock, valued at $111,083,725.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Markel stock traded up $12.65 during mid-day trading on Tuesday, hitting $1,103.90. 44,806 shares of the company were exchanged, compared to its average volume of 46,063. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.58 and a quick ratio of 0.58. The business has a fifty day moving average of $1,101.14. Markel Co. has a 1-year low of $950.16 and a 1-year high of $1,228.32. The company has a market capitalization of $15.47 billion, a P/E ratio of 53.77 and a beta of 0.79.

A number of research analysts recently commented on MKL shares. Deutsche Bank started coverage on Markel in a research note on Thursday, May 23rd. They issued a “hold” rating and a $1,000.00 target price for the company. Zacks Investment Research lowered Markel from a “hold” rating to a “sell” rating in a research note on Thursday, May 23rd. TheStreet upgraded Markel from a “c” rating to a “b-” rating in a research note on Thursday, May 9th. Boenning Scattergood restated an “outperform” rating on shares of Markel in a research note on Monday, July 1st. Finally, ValuEngine upgraded Markel from a “sell” rating to a “hold” rating in a research note on Thursday, April 25th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $1,130.25.

A number of institutional investors have recently added to or reduced their stakes in MKL. Dimensional Fund Advisors LP boosted its holdings in Markel by 2.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 58,026 shares of the insurance provider’s stock valued at $60,221,000 after purchasing an additional 1,594 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Markel by 9.2% in the 4th quarter. Geode Capital Management LLC now owns 138,297 shares of the insurance provider’s stock valued at $143,466,000 after purchasing an additional 11,630 shares during the last quarter. Two Sigma Advisers LP acquired a new position in Markel in the 4th quarter valued at about $1,688,000. Nordea Investment Management AB raised its stake in shares of Markel by 8.9% in the 4th quarter. Nordea Investment Management AB now owns 622 shares of the insurance provider’s stock valued at $646,000 after acquiring an additional 51 shares during the period. Finally, Douglass Winthrop Advisors LLC raised its stake in shares of Markel by 7.7% in the 1st quarter. Douglass Winthrop Advisors LLC now owns 72,707 shares of the insurance provider’s stock valued at $72,434,000 after acquiring an additional 5,190 shares during the period. Hedge funds and other institutional investors own 75.01% of the company’s stock.

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. Its Insurance segment offers general and professional liability, property, personal lines, marine and energy, specialty programs, and workers' compensation insurance products.

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

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