Markel Co. (MKL) Vice Chairman Sells $221,864.00 in Stock
Markel Co. (NYSE:MKL) Vice Chairman Steven A. Markel sold 200 shares of the firm’s stock in a transaction on Thursday, January 18th. The shares were sold at an average price of $1,109.32, for a total value of $221,864.00. Following the transaction, the insider now directly owns 106,560 shares in the company, valued at $118,209,139.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Markel Co. (MKL) opened at $1,121.51 on Tuesday. The stock has a market capitalization of $15,580.00, a PE ratio of 249.78 and a beta of 1.04. Markel Co. has a fifty-two week low of $892.06 and a fifty-two week high of $1,157.30. The company has a current ratio of 0.55, a quick ratio of 0.55 and a debt-to-equity ratio of 0.28.
Markel (NYSE:MKL) last released its earnings results on Wednesday, October 25th. The insurance provider reported ($18.82) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($18.03) by ($0.79). Markel had a return on equity of 0.83% and a net margin of 1.60%. analysts anticipate that Markel Co. will post 5.56 EPS for the current year.
A number of research firms recently issued reports on MKL. Zacks Investment Research lowered Markel from a “buy” rating to a “hold” rating in a report on Thursday, January 11th. Royal Bank of Canada reaffirmed a “hold” rating and set a $1,050.00 target price on shares of Markel in a report on Tuesday, October 3rd. SunTrust Banks reaffirmed a “hold” rating and set a $1,100.00 target price on shares of Markel in a report on Friday, October 27th. Finally, Boenning Scattergood reaffirmed a “buy” rating on shares of Markel in a report on Thursday, October 26th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $1,109.50.
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.
Receive News & Ratings for Markel Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Markel and related companies with MarketBeat.com's FREE daily email newsletter.