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

Markel Co. (NYSE:MKL) Vice Chairman Steven A. Markel sold 200 shares of the business’s stock in a transaction on Thursday, December 7th. The shares were sold at an average price of $1,100.58, for a total transaction of $220,116.00. Following the completion of the sale, the insider now directly owns 108,530 shares of the company’s stock, valued at $119,445,947.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Shares of Markel Co. (NYSE:MKL) opened at $1,121.69 on Wednesday. Markel Co. has a 1-year low of $612.00 and a 1-year high of $1,124.48. The company has a quick ratio of 0.55, a current ratio of 0.55 and a debt-to-equity ratio of 0.28. The company has a market cap of $15,433.07, a PE ratio of 364.24 and a beta of 1.05.

Several large investors have recently made changes to their positions in MKL. Proficio Capital Partners LLC raised its holdings in shares of Markel by 40.3% in the second quarter. Proficio Capital Partners LLC now owns 94 shares of the insurance provider’s stock valued at $101,000 after buying an additional 27 shares during the last quarter. Korea Investment CORP raised its holdings in shares of Markel by 138.9% in the second quarter. Korea Investment CORP now owns 129 shares of the insurance provider’s stock valued at $126,000 after buying an additional 75 shares during the last quarter. BDO Wealth Advisors LLC purchased a new stake in shares of Markel in the second quarter valued at about $166,000. Toronto Dominion Bank raised its holdings in shares of Markel by 11.0% in the second quarter. Toronto Dominion Bank now owns 171 shares of the insurance provider’s stock valued at $167,000 after buying an additional 17 shares during the last quarter. Finally, First Capital Advisors Group LLC. purchased a new stake in shares of Markel in the third quarter valued at about $202,000. 76.89% of the stock is owned by institutional investors and hedge funds.

A number of equities research analysts recently weighed in on MKL shares. Royal Bank of Canada reissued a “hold” rating and issued a $1,050.00 price target on shares of Markel in a research report on Tuesday, October 3rd. Zacks Investment Research cut shares of Markel from a “buy” rating to a “hold” rating in a research report on Tuesday, October 3rd. SunTrust Banks reissued a “hold” rating and issued a $1,100.00 price target on shares of Markel in a research report on Friday, October 27th. Finally, Boenning Scattergood reissued a “buy” rating on shares of Markel in a research report on Thursday, October 26th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Markel presently has an average rating of “Hold” and a consensus price target of $1,066.67.

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Markel 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.

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