Markel Corporation (MKL) Vice Chairman Steven A. Markel Sells 200 Shares

Markel Corporation (NYSE:MKL) Vice Chairman Steven A. Markel sold 200 shares of Markel Corporation stock in a transaction on Thursday, October 12th. The shares were sold at an average price of $1,082.68, for a total value of $216,536.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Markel Corporation (MKL) opened at 1073.25 on Tuesday. The stock has a market cap of $14.93 billion, a P/E ratio of 37.11 and a beta of 1.03. Markel Corporation has a one year low of $811.05 and a one year high of $1,105.23. The stock’s 50 day moving average price is $1,054.36 and its 200-day moving average price is $1,007.45.

Markel Corporation (NYSE:MKL) last released its quarterly earnings data on Wednesday, July 26th. The insurance provider reported $9.94 EPS for the quarter, beating the Zacks’ consensus estimate of $6.27 by $3.67. Markel Corporation had a net margin of 7.58% and a return on equity of 4.81%. The business had revenue of $1.46 billion during the quarter, compared to analysts’ expectations of $1.46 billion. On average, analysts predict that Markel Corporation will post $16.11 earnings per share for the current year.

COPYRIGHT VIOLATION WARNING: “Markel Corporation (MKL) Vice Chairman Steven A. Markel Sells 200 Shares” was posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this news story on another website, it was copied illegally and republished in violation of U.S. and international trademark & copyright legislation. The legal version of this news story can be read at https://ledgergazette.com/2017/10/17/markel-corporation-mkl-vice-chairman-steven-a-markel-sells-200-shares.html.

Several brokerages have recently issued reports on MKL. BidaskClub cut Markel Corporation from a “hold” rating to a “sell” rating in a research report on Thursday, June 22nd. Zacks Investment Research cut Markel Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, October 3rd. Royal Bank Of Canada restated a “hold” rating and issued a $1,050.00 target price on shares of Markel Corporation in a report on Tuesday, October 3rd. ValuEngine upgraded Markel Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, August 1st. Finally, Boenning Scattergood set a $1,050.00 target price on Markel Corporation and gave the stock a “buy” rating in a report on Wednesday, July 26th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $1,050.00.

Several institutional investors and hedge funds have recently added to or reduced their stakes in MKL. Vanguard Group Inc. increased its holdings in Markel Corporation by 2.6% during the 2nd quarter. Vanguard Group Inc. now owns 1,129,189 shares of the insurance provider’s stock worth $1,101,931,000 after purchasing an additional 28,104 shares in the last quarter. Marathon Asset Management LLP increased its holdings in Markel Corporation by 177.7% during the 2nd quarter. Marathon Asset Management LLP now owns 39,013 shares of the insurance provider’s stock worth $38,066,000 after purchasing an additional 24,962 shares in the last quarter. Principal Financial Group Inc. increased its holdings in Markel Corporation by 3.7% during the 2nd quarter. Principal Financial Group Inc. now owns 659,167 shares of the insurance provider’s stock worth $643,254,000 after purchasing an additional 23,417 shares in the last quarter. Victory Capital Management Inc. increased its holdings in Markel Corporation by 14.9% during the 2nd quarter. Victory Capital Management Inc. now owns 152,757 shares of the insurance provider’s stock worth $149,069,000 after purchasing an additional 19,799 shares in the last quarter. Finally, Bares Capital Management Inc. increased its holdings in Markel Corporation by 18.2% during the 1st quarter. Bares Capital Management Inc. now owns 116,582 shares of the insurance provider’s stock worth $113,768,000 after purchasing an additional 17,922 shares in the last quarter. Institutional investors and hedge funds own 76.47% of the company’s stock.

Markel Corporation Company Profile

Markel Corporation is a financial holding company serving a range of markets. The Company’s principal business markets and underwrites specialty insurance products. It monitors and reports its ongoing underwriting operations in three segments: U.S. Insurance, International Insurance and Reinsurance. The Company, through its subsidiary Markel Ventures, Inc (Markel Ventures), owns interests in various industrial and service businesses that operate outside of the specialty insurance marketplace.

MKL) opened at 1073.25 on Tuesday. The stock has a market cap of $14.93 billion, a P/E ratio of 37.11 and a beta of 1.03. Markel Corporation has a one year low of $811.05 and a one year high of $1,105.23. The stock’s 50 day moving average price is $1,054.36 and its 200-day moving average price is $1,007.45.

Markel Corporation (NYSE:MKL) last released its quarterly earnings data on Wednesday, July 26th. The insurance provider reported $9.94 EPS for the quarter, beating the Zacks’ consensus estimate of $6.27 by $3.67. Markel Corporation had a net margin of 7.58% and a return on equity of 4.81%. The business had revenue of $1.46 billion during the quarter, compared to analysts’ expectations of $1.46 billion. On average, analysts predict that Markel Corporation will post $16.11 earnings per share for the current year.

COPYRIGHT VIOLATION WARNING: “Markel Corporation (MKL) Vice Chairman Steven A. Markel Sells 200 Shares” was posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this news story on another website, it was copied illegally and republished in violation of U.S. and international trademark & copyright legislation. The legal version of this news story can be read at https://ledgergazette.com/2017/10/17/markel-corporation-mkl-vice-chairman-steven-a-markel-sells-200-shares.html.

Several brokerages have recently issued reports on MKL. BidaskClub cut Markel Corporation from a “hold” rating to a “sell” rating in a research report on Thursday, June 22nd. Zacks Investment Research cut Markel Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, October 3rd. Royal Bank Of Canada restated a “hold” rating and issued a $1,050.00 target price on shares of Markel Corporation in a report on Tuesday, October 3rd. ValuEngine upgraded Markel Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, August 1st. Finally, Boenning Scattergood set a $1,050.00 target price on Markel Corporation and gave the stock a “buy” rating in a report on Wednesday, July 26th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $1,050.00.

Several institutional investors and hedge funds have recently added to or reduced their stakes in MKL. Vanguard Group Inc. increased its holdings in Markel Corporation by 2.6% during the 2nd quarter. Vanguard Group Inc. now owns 1,129,189 shares of the insurance provider’s stock worth $1,101,931,000 after purchasing an additional 28,104 shares in the last quarter. Marathon Asset Management LLP increased its holdings in Markel Corporation by 177.7% during the 2nd quarter. Marathon Asset Management LLP now owns 39,013 shares of the insurance provider’s stock worth $38,066,000 after purchasing an additional 24,962 shares in the last quarter. Principal Financial Group Inc. increased its holdings in Markel Corporation by 3.7% during the 2nd quarter. Principal Financial Group Inc. now owns 659,167 shares of the insurance provider’s stock worth $643,254,000 after purchasing an additional 23,417 shares in the last quarter. Victory Capital Management Inc. increased its holdings in Markel Corporation by 14.9% during the 2nd quarter. Victory Capital Management Inc. now owns 152,757 shares of the insurance provider’s stock worth $149,069,000 after purchasing an additional 19,799 shares in the last quarter. Finally, Bares Capital Management Inc. increased its holdings in Markel Corporation by 18.2% during the 1st quarter. Bares Capital Management Inc. now owns 116,582 shares of the insurance provider’s stock worth $113,768,000 after purchasing an additional 17,922 shares in the last quarter. Institutional investors and hedge funds own 76.47% of the company’s stock.

Markel Corporation Company Profile

Markel Corporation is a financial holding company serving a range of markets. The Company’s principal business markets and underwrites specialty insurance products. It monitors and reports its ongoing underwriting operations in three segments: U.S. Insurance, International Insurance and Reinsurance. The Company, through its subsidiary Markel Ventures, Inc (Markel Ventures), owns interests in various industrial and service businesses that operate outside of the specialty insurance marketplace.

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

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