Markel Corporation (NYSE:MKL) Vice Chairman Anthony F. Markel sold 169 shares of Markel Corporation stock in a transaction that occurred on Monday, October 30th. The shares were sold at an average price of $1,096.26, for a total transaction of $185,267.94. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
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Institutional investors have recently made changes to their positions in the business. Proficio Capital Partners LLC lifted its holdings in Markel Corporation by 40.3% during the 2nd quarter. Proficio Capital Partners LLC now owns 94 shares of the insurance provider’s stock valued at $101,000 after purchasing an additional 27 shares during the last quarter. Korea Investment CORP lifted its holdings in Markel Corporation by 138.9% during the 2nd quarter. Korea Investment CORP now owns 129 shares of the insurance provider’s stock valued at $126,000 after purchasing an additional 75 shares during the last quarter. BDO Wealth Advisors LLC acquired a new stake in Markel Corporation during the 2nd quarter valued at $166,000. Toronto Dominion Bank lifted its holdings in Markel Corporation by 11.0% during the 2nd quarter. Toronto Dominion Bank now owns 171 shares of the insurance provider’s stock valued at $167,000 after purchasing an additional 17 shares during the last quarter. Finally, First Capital Advisors Group LLC. acquired a new stake in Markel Corporation during the 3rd quarter valued at $202,000. 76.38% of the stock is owned by institutional investors and hedge funds.
MKL has been the subject of a number of analyst reports. Boenning Scattergood set a $1,050.00 target price on shares of Markel Corporation and gave the company a “buy” rating in a research note on Wednesday, July 26th. BidaskClub upgraded shares of Markel Corporation from a “hold” rating to a “buy” rating in a research note on Thursday, August 3rd. SunTrust Banks, Inc. reiterated a “hold” rating and issued a $1,100.00 target price on shares of Markel Corporation in a research note on Friday, October 27th. Zacks Investment Research cut shares of Markel Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, October 3rd. Finally, Royal Bank Of Canada restated a “hold” rating and issued a $1,050.00 price objective on shares of Markel Corporation in a research note on Tuesday, October 3rd. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $1,066.67.
About Markel Corporation
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.
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