Markel Corporation (MKL) Vice Chairman Sells $316,254.40 in Stock
Markel Corporation (NYSE:MKL) Vice Chairman F. Michael Crowley sold 302 shares of the stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $1,047.20, for a total transaction of $316,254.40. Following the sale, the insider now owns 6,956 shares of the company’s stock, valued at $7,284,323.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Markel Corporation (MKL) traded up 0.66% during midday trading on Wednesday, hitting $1060.12. 14,604 shares of the stock traded hands. The stock’s 50-day moving average price is $1,015.67 and its 200 day moving average price is $978.88. The company has a market capitalization of $14.75 billion, a price-to-earnings ratio of 36.66 and a beta of 1.03. Markel Corporation has a 52 week low of $811.05 and a 52 week high of $1,086.68.
Markel Corporation (NYSE:MKL) last issued its quarterly earnings data on Wednesday, July 26th. The insurance provider reported $9.94 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $6.27 by $3.67. The business had revenue of $1.46 billion for the quarter, compared to the consensus estimate of $1.46 billion. Markel Corporation had a net margin of 7.58% and a return on equity of 4.81%. On average, equities research analysts predict that Markel Corporation will post $28.59 EPS for the current year.
Several research firms have recently weighed in on MKL. BidaskClub upgraded shares of Markel Corporation from a “hold” rating to a “buy” rating in a research report on Thursday, August 3rd. ValuEngine upgraded shares of Markel Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, August 1st. Boenning Scattergood set a $1,050.00 price objective on shares of Markel Corporation and gave the stock a “buy” rating in a research report on Wednesday, July 26th. Finally, Zacks Investment Research cut shares of Markel Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, April 25th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $1,050.00.
Hedge funds have recently added to or reduced their stakes in the company. Proficio Capital Partners LLC increased its stake in Markel Corporation by 40.3% in the second quarter. Proficio Capital Partners LLC now owns 94 shares of the insurance provider’s stock worth $101,000 after buying an additional 27 shares in the last quarter. FTB Advisors Inc. acquired a new stake in Markel Corporation during the first quarter worth $104,000. Korea Investment CORP increased its stake in Markel Corporation by 138.9% in the second quarter. Korea Investment CORP now owns 129 shares of the insurance provider’s stock worth $126,000 after buying an additional 75 shares in the last quarter. IFP Advisors Inc increased its stake in Markel Corporation by 6.2% in the first quarter. IFP Advisors Inc now owns 137 shares of the insurance provider’s stock worth $134,000 after buying an additional 8 shares in the last quarter. Finally, Cowen Prime Services LLC acquired a new stake in Markel Corporation during the first quarter worth $146,000. 76.51% of the stock is currently owned by hedge funds and other institutional investors.
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.
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