Markel Co. (NYSE:MKL) Vice Chairman Steven A. Markel sold 200 shares of Markel stock in a transaction that occurred on Thursday, August 2nd. The shares were sold at an average price of $1,190.40, for a total transaction of $238,080.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Shares of Markel opened at $1,179.00 on Friday, MarketBeat reports. The company has a market capitalization of $16.37 billion, a P/E ratio of 61.47 and a beta of 0.96. The company has a current ratio of 0.58, a quick ratio of 0.59 and a debt-to-equity ratio of 0.32. Markel Co. has a 1 year low of $995.30 and a 1 year high of $1,226.95.
A number of brokerages recently issued reports on MKL. ValuEngine raised shares of Markel from a “hold” rating to a “buy” rating in a research note on Thursday. Boenning Scattergood reissued a “buy” rating on shares of Markel in a research note on Wednesday. Argus began coverage on shares of Markel in a research note on Wednesday, April 11th. They issued a “hold” rating on the stock. Finally, Zacks Investment Research raised shares of Markel from a “hold” rating to a “buy” rating and set a $1,287.00 price objective on the stock in a research note on Wednesday, April 11th. One analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $1,237.50.
Markel Corporation, a diverse financial holding company, markets and underwrites specialty insurance products in the United States, the United Kingdom, Canada, and internationally. It operates through three segments: U.S. Insurance, International Insurance, and Reinsurance. The U.S. Insurance segment offers general and professional liability, property, personal line, program, and workers' compensation insurance products, as well as other insurance product lines, such as ocean marine, surety, CPI, and coverages.
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