Markel Co. (MKL) Vice Chairman Sells $220,116.00 in Stock
Markel Co. (NYSE:MKL) Vice Chairman Steven A. Markel sold 200 shares of the firm’s stock in a transaction on Thursday, December 7th. The stock was sold at an average price of $1,100.58, for a total value of $220,116.00. Following the sale, the insider now directly owns 108,530 shares of the company’s stock, valued at $119,445,947.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Shares of Markel Co. (NYSE:MKL) opened at $1,120.54 on Thursday. The company has a market capitalization of $15,582.40, a price-to-earnings ratio of 367.77 and a beta of 1.05. The company has a quick ratio of 0.55, a current ratio of 0.55 and a debt-to-equity ratio of 0.28. Markel Co. has a 12-month low of $612.00 and a 12-month high of $1,133.99.
Several research firms have recently weighed in on MKL. Zacks Investment Research lowered Markel from a “buy” rating to a “hold” rating in a research note on Tuesday, October 3rd. Boenning Scattergood reissued a “buy” rating on shares of Markel in a research note on Thursday, October 26th. Royal Bank of Canada reissued a “hold” rating and set a $1,050.00 price objective on shares of Markel in a research note on Tuesday, October 3rd. Finally, SunTrust Banks reissued a “hold” rating and set a $1,100.00 price objective on shares of Markel in a research note on Friday, October 27th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $1,066.67.
Markel 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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