Steven A. Markel Sells 120 Shares of Markel Co. (MKL) Stock

Markel Co. (NYSE:MKL) Vice Chairman Steven A. Markel sold 120 shares of Markel stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $1,000.00, for a total transaction of $120,000.00. Following the completion of the sale, the insider now directly owns 101,135 shares of the company’s stock, valued at approximately $101,135,000. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Steven A. Markel also recently made the following trade(s):

  • On Monday, January 7th, Steven A. Markel sold 100 shares of Markel stock. The shares were sold at an average price of $1,035.99, for a total transaction of $103,599.00.

NYSE MKL opened at $1,008.78 on Friday. Markel Co. has a 12-month low of $950.16 and a 12-month high of $1,228.32. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.54 and a quick ratio of 0.54. The firm has a market capitalization of $14.00 billion, a P/E ratio of 49.14 and a beta of 0.86.

Markel (NYSE:MKL) last posted its quarterly earnings results on Tuesday, February 5th. The insurance provider reported $2.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.31 by ($1.04). Markel had a negative net margin of 2.02% and a positive return on equity of 9.15%. The business had revenue of $1.89 billion during the quarter, compared to analyst estimates of $1.83 billion. On average, sell-side analysts expect that Markel Co. will post 39.04 earnings per share for the current year.

Several research firms recently issued reports on MKL. 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 research report on Wednesday, January 2nd. TheStreet downgraded shares of Markel from a “b” rating to a “c” rating in a research report on Wednesday, February 6th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Markel has a consensus rating of “Hold” and a consensus target price of $1,231.50.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. CX Institutional purchased a new position in Markel during the 4th quarter worth $31,000. Rockland Trust Co. purchased a new position in Markel during the 4th quarter worth $34,000. Lindbrook Capital LLC purchased a new position in Markel during the 4th quarter worth $45,000. We Are One Seven LLC purchased a new position in Markel during the 4th quarter worth $49,000. Finally, Paradigm Asset Management Co. LLC purchased a new position in Markel during the 3rd quarter worth $59,000. 75.61% of the stock is owned by institutional investors and hedge funds.

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

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