Markel Corporation (NYSE:MKL) Vice Chairman F. Michael Crowley sold 302 shares of the firm’s stock in a transaction dated 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 transaction, the insider now owns 6,956 shares of the company’s stock, valued at approximately $7,284,323.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Markel Corporation (NYSE MKL) traded up 0.66% on Wednesday, hitting $1060.12. 14,604 shares of the stock were exchanged. The company has a market capitalization of $14.75 billion, a PE ratio of 36.66 and a beta of 1.03. Markel Corporation has a 1-year low of $811.05 and a 1-year high of $1,086.68. The company has a 50-day moving average price of $1,015.67 and a 200 day moving average price of $978.88.

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

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A number of institutional investors have recently made changes to their positions in MKL. Buffington Mohr McNeal acquired a new position in shares of Markel Corporation during the second quarter valued at about $475,000. Bank of America Corp DE boosted its position in shares of Markel Corporation by 9.4% in the first quarter. Bank of America Corp DE now owns 78,256 shares of the insurance provider’s stock valued at $76,367,000 after buying an additional 6,700 shares during the period. Virtu Financial LLC acquired a new position in shares of Markel Corporation during the second quarter valued at about $463,000. Cambridge Trust Co. acquired a new position in shares of Markel Corporation during the first quarter valued at about $449,000. Finally, Gulf International Bank UK Ltd boosted its position in shares of Markel Corporation by 1.6% in the first quarter. Gulf International Bank UK Ltd now owns 4,202 shares of the insurance provider’s stock valued at $4,100,000 after buying an additional 65 shares during the period. Hedge funds and other institutional investors own 76.51% of the company’s stock.

MKL has been the subject of a number of analyst reports. Zacks Investment Research cut shares of Markel Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, April 25th. ValuEngine upgraded shares of Markel Corporation from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. BidaskClub cut shares of Markel Corporation from a “hold” rating to a “sell” rating in a research note on Thursday, June 22nd. Finally, Boenning Scattergood set a $1,050.00 target price on shares of Markel Corporation and gave the company a “buy” rating in a research note on Wednesday, July 26th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Markel Corporation currently has an average rating of “Hold” and an average target price of $1,050.00.

About Markel Corporation

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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