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.

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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.

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

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