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.
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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