Markel Co. (MKL) Vice Chairman Sells $103,599.00 in Stock

Markel Co. (NYSE:MKL) Vice Chairman Steven A. Markel sold 100 shares of the firm’s stock in a transaction on Monday, January 7th. The stock was sold at an average price of $1,035.99, for a total transaction of $103,599.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

MKL stock opened at $1,039.15 on Friday. The firm has a market cap of $14.43 billion, a P/E ratio of 287.06 and a beta of 1.01. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.31. Markel Co. has a one year low of $954.39 and a one year high of $1,228.32.

Markel (NYSE:MKL) last released its quarterly earnings results on Tuesday, October 30th. The insurance provider reported $28.50 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $7.05 by $21.45. The company had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.77 billion. Markel had a net margin of 14.03% and a return on equity of 9.72%. Research analysts predict that Markel Co. will post 29.49 earnings per share for the current year.

MKL has been the subject of a number of research analyst reports. Zacks Investment Research raised shares of Markel from a “hold” rating to a “buy” rating and set a $1,163.00 price target for the company in a report on Wednesday, January 2nd. Boenning Scattergood set a $1,300.00 price objective on shares of Markel and gave the stock a “buy” rating in a research note on Wednesday, October 31st. Finally, ValuEngine lowered shares of Markel from a “buy” rating to a “hold” rating in a research note on Monday, October 22nd. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $1,215.75.

A number of hedge funds have recently added to or reduced their stakes in MKL. Capital International Investors acquired a new stake in Markel during the third quarter valued at $214,199,000. Renaissance Technologies LLC grew its position in Markel by 11.5% during the third quarter. Renaissance Technologies LLC now owns 222,021 shares of the insurance provider’s stock valued at $263,870,000 after buying an additional 22,980 shares during the period. Janus Henderson Group PLC grew its position in Markel by 118.9% during the second quarter. Janus Henderson Group PLC now owns 30,897 shares of the insurance provider’s stock valued at $33,505,000 after buying an additional 16,781 shares during the period. Victory Capital Management Inc. grew its position in Markel by 6.3% during the third quarter. Victory Capital Management Inc. now owns 181,960 shares of the insurance provider’s stock valued at $216,258,000 after buying an additional 10,850 shares during the period. Finally, BlackRock Inc. lifted its holdings in Markel by 1.3% during the third quarter. BlackRock Inc. now owns 848,938 shares of the insurance provider’s stock valued at $1,008,953,000 after purchasing an additional 10,618 shares in the last quarter. Institutional investors own 75.53% of the company’s stock.

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Markel Company Profile

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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