Markel Co. (MKL) Vice Chairman Anthony F. Markel Sells 149 Shares

Markel Co. (NYSE:MKL) Vice Chairman Anthony F. Markel sold 149 shares of the stock in a transaction on Monday, November 5th. The stock was sold at an average price of $1,090.00, for a total value of $162,410.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

NYSE MKL opened at $1,130.83 on Friday. The firm has a market cap of $15.36 billion, a PE ratio of 16.63 and a beta of 1.01. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.59 and a quick ratio of 0.59. Markel Co. has a twelve month low of $1,020.00 and a twelve month high of $1,228.32.

Markel (NYSE:MKL) last released its quarterly earnings results on Tuesday, October 30th. The insurance provider reported $28.50 earnings per share for the quarter, topping analysts’ consensus estimates of $7.05 by $21.45. The business had revenue of $1.81 billion during the quarter, compared to analysts’ expectations of $1.77 billion. Markel had a return on equity of 9.72% and a net margin of 14.03%. As a group, equities analysts expect that Markel Co. will post 29.49 earnings per share for the current year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Signaturefd LLC lifted its stake in Markel by 636.8% during the 2nd quarter. Signaturefd LLC now owns 140 shares of the insurance provider’s stock worth $152,000 after acquiring an additional 121 shares in the last quarter. Elgethun Capital Management lifted its stake in Markel by 11.7% during the 2nd quarter. Elgethun Capital Management now owns 1,111 shares of the insurance provider’s stock worth $1,206,000 after acquiring an additional 116 shares in the last quarter. Arizona State Retirement System lifted its stake in Markel by 12.9% during the 2nd quarter. Arizona State Retirement System now owns 7,410 shares of the insurance provider’s stock worth $8,035,000 after acquiring an additional 846 shares in the last quarter. Macquarie Group Ltd. lifted its stake in Markel by 25.9% during the 2nd quarter. Macquarie Group Ltd. now owns 340 shares of the insurance provider’s stock worth $369,000 after acquiring an additional 70 shares in the last quarter. Finally, Giverny Capital Inc. lifted its stake in Markel by 18.9% during the 2nd quarter. Giverny Capital Inc. now owns 37,653 shares of the insurance provider’s stock worth $40,829,000 after acquiring an additional 5,987 shares in the last quarter. Institutional investors and hedge funds own 75.83% of the company’s stock.

A number of research firms have recently weighed in on MKL. Boenning Scattergood set a $1,300.00 price target on Markel and gave the stock a “buy” rating in a report on Wednesday, October 31st. ValuEngine cut Markel from a “buy” rating to a “hold” rating in a report on Monday, October 22nd. Finally, Zacks Investment Research upgraded Markel from a “hold” rating to a “strong-buy” rating and set a $1,361.00 price target for the company in a report on Monday, October 8th. Four research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. Markel presently has a consensus rating of “Buy” and a consensus target price of $1,265.25.

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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. 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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