Steven A. Markel Sells 200 Shares of Markel Corporation (MKL) Stock

Markel Corporation (NYSE:MKL) Vice Chairman Steven A. Markel sold 200 shares of the company’s stock in a transaction that occurred on Thursday, October 12th. The stock was sold at an average price of $1,082.68, for a total value of $216,536.00. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Shares of Markel Corporation (NYSE:MKL) traded up 0.21% on Monday, hitting $1073.25. The stock had a trading volume of 24,738 shares. The company has a market cap of $14.93 billion, a PE ratio of 37.11 and a beta of 1.03. The stock’s 50-day moving average price is $1,054.36 and its 200 day moving average price is $1,007.45. Markel Corporation has a 52 week low of $811.05 and a 52 week high of $1,105.23.

Markel Corporation (NYSE:MKL) last released its earnings results on Wednesday, July 26th. The insurance provider reported $9.94 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $6.27 by $3.67. Markel Corporation had a net margin of 7.58% and a return on equity of 4.81%. The business had revenue of $1.46 billion for the quarter, compared to analysts’ expectations of $1.46 billion. On average, analysts predict that Markel Corporation will post $16.11 EPS for the current year.

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Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Frontier Investment Mgmt Co. boosted its position in shares of Markel Corporation by 2.3% in the second quarter. Frontier Investment Mgmt Co. now owns 24,412 shares of the insurance provider’s stock worth $23,823,000 after acquiring an additional 555 shares during the last quarter. Intl Fcstone Inc. acquired a new stake in shares of Markel Corporation in the second quarter worth approximately $211,000. Lord Abbett & CO. LLC boosted its position in shares of Markel Corporation by 2.1% in the second quarter. Lord Abbett & CO. LLC now owns 43,420 shares of the insurance provider’s stock worth $42,372,000 after acquiring an additional 892 shares during the last quarter. Toronto Dominion Bank boosted its position in shares of Markel Corporation by 11.0% in the second quarter. Toronto Dominion Bank now owns 171 shares of the insurance provider’s stock worth $167,000 after acquiring an additional 17 shares during the last quarter. Finally, Archford Capital Strategies LLC boosted its position in shares of Markel Corporation by 34,592.5% in the second quarter. Archford Capital Strategies LLC now owns 13,877 shares of the insurance provider’s stock worth $204,000 after acquiring an additional 13,837 shares during the last quarter. 76.47% of the stock is currently owned by institutional investors and hedge funds.

A number of equities research analysts have issued reports on the company. ValuEngine raised Markel Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, August 1st. Royal Bank Of Canada reiterated a “hold” rating and set a $1,050.00 price target on shares of Markel Corporation in a report on Tuesday, October 3rd. Zacks Investment Research lowered Markel Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, October 3rd. BidaskClub upgraded Markel Corporation from a “hold” rating to a “buy” rating in a report on Thursday, August 3rd. Finally, Boenning Scattergood set a $1,050.00 price target on Markel Corporation and gave the stock a “buy” rating in a report on Wednesday, July 26th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Markel Corporation has a consensus rating of “Hold” and a consensus target price of $1,050.00.

Markel Corporation 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.

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

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