Markel Corporation (NYSE:MKL) CEO Richard R. Whitt III sold 600 shares of the company’s stock in a transaction on Wednesday, August 23rd. The shares were sold at an average price of $1,045.93, for a total transaction of $627,558.00. Following the sale, the chief executive officer now owns 11,339 shares of the company’s stock, valued at approximately $11,859,800.27. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Shares of Markel Corporation (NYSE MKL) opened at 1054.59 on Monday. Markel Corporation has a 52-week low of $811.05 and a 52-week high of $1,086.68. The company has a market cap of $14.67 billion, a PE ratio of 36.47 and a beta of 1.03. The company has a 50 day moving average of $1,031.23 and a 200-day moving average of $985.43.

Markel Corporation (NYSE:MKL) last announced its quarterly earnings results on Wednesday, July 26th. The insurance provider reported $9.94 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $6.27 by $3.67. The business had revenue of $1.46 billion during the quarter, compared to analysts’ expectations of $1.46 billion. Markel Corporation had a net margin of 7.58% and a return on equity of 4.81%. Analysts forecast that Markel Corporation will post $28.59 EPS for the current fiscal year.

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Several analysts have commented on MKL shares. Boenning Scattergood set a $1,050.00 target price on shares of Markel Corporation and gave the company a “buy” rating in a research report on Wednesday, July 26th. 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 Friday, June 2nd. Finally, Zacks Investment Research upgraded shares of Markel Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, June 27th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $1,050.00.

A number of large investors have recently made changes to their positions in MKL. Cambridge Trust Co. boosted its stake in shares of Markel Corporation by 0.4% in the second quarter. Cambridge Trust Co. now owns 462 shares of the insurance provider’s stock valued at $451,000 after buying an additional 2 shares during the last quarter. Neuberger Berman Group LLC boosted its stake in shares of Markel Corporation by 0.5% in the second quarter. Neuberger Berman Group LLC now owns 428 shares of the insurance provider’s stock valued at $418,000 after buying an additional 2 shares during the last quarter. Ironwood Investment Management LLC boosted its stake in shares of Markel Corporation by 0.7% in the second quarter. Ironwood Investment Management LLC now owns 444 shares of the insurance provider’s stock valued at $433,000 after buying an additional 3 shares during the last quarter. Stratos Wealth Partners LTD. boosted its stake in shares of Markel Corporation by 0.7% in the second quarter. Stratos Wealth Partners LTD. now owns 461 shares of the insurance provider’s stock valued at $450,000 after buying an additional 3 shares during the last quarter. Finally, Davidson & Garrard Inc. boosted its stake in shares of Markel Corporation by 0.6% in the second quarter. Davidson & Garrard Inc. now owns 529 shares of the insurance provider’s stock valued at $516,000 after buying an additional 3 shares during the last quarter. 76.63% of the stock is owned by institutional investors and hedge funds.

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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