Insider Selling: Markel Co. (NYSE:MKL) Vice Chairman Sells $288,472.50 in Stock

Markel Co. (NYSE:MKL) Vice Chairman Steven A. Markel sold 250 shares of the stock in a transaction that occurred on Tuesday, October 8th. The shares were sold at an average price of $1,153.89, for a total transaction of $288,472.50. Following the transaction, the insider now owns 93,111 shares in the company, valued at $107,439,851.79. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

NYSE:MKL opened at $1,144.98 on Friday. The firm has a market cap of $15.83 billion, a PE ratio of 55.77 and a beta of 0.77. Markel Co. has a fifty-two week low of $950.16 and a fifty-two week high of $1,216.47. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.58 and a current ratio of 0.58. The business has a 50 day moving average price of $1,163.28 and a 200-day moving average price of $1,092.39.

Markel (NYSE:MKL) last released its quarterly earnings data on Tuesday, July 30th. The insurance provider reported $11.84 earnings per share for the quarter. The firm had revenue of $2.01 billion during the quarter. Markel had a return on equity of 7.38% and a net margin of 9.07%. Research analysts predict that Markel Co. will post 37.15 EPS for the current year.

Large investors have recently added to or reduced their stakes in the company. Buffington Mohr McNeal lifted its stake in Markel by 12.5% in the third quarter. Buffington Mohr McNeal now owns 704 shares of the insurance provider’s stock worth $831,000 after acquiring an additional 78 shares during the period. Fruth Investment Management lifted its stake in Markel by 217.5% in the third quarter. Fruth Investment Management now owns 635 shares of the insurance provider’s stock worth $750,000 after acquiring an additional 435 shares during the period. Parisi Gray Wealth Management lifted its stake in Markel by 1.2% in the third quarter. Parisi Gray Wealth Management now owns 869 shares of the insurance provider’s stock worth $1,027,000 after acquiring an additional 10 shares during the period. Douglass Winthrop Advisors LLC lifted its stake in Markel by 1.1% in the third quarter. Douglass Winthrop Advisors LLC now owns 75,960 shares of the insurance provider’s stock worth $89,777,000 after acquiring an additional 799 shares during the period. Finally, Enterprise Bank & Trust Co lifted its stake in Markel by 2.5% in the third quarter. Enterprise Bank & Trust Co now owns 815 shares of the insurance provider’s stock worth $963,000 after acquiring an additional 20 shares during the period. 75.36% of the stock is owned by hedge funds and other institutional investors.

A number of analysts have recently weighed in on the company. ValuEngine lowered Markel from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Boenning Scattergood reissued an “outperform” rating on shares of Markel in a research note on Monday, July 1st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $1,130.25.

About Markel

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.

See Also: What is meant by holder of record?

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

Receive News & Ratings for Markel Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Markel and related companies with MarketBeat.com's FREE daily email newsletter.



Comments


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit