Markel Corporation (MKL) Vice Chairman Sells $214,388.00 in Stock
Markel Corporation (NYSE:MKL) Vice Chairman Steven A. Markel sold 200 shares of Markel Corporation stock in a transaction dated Thursday, November 9th. The shares were sold at an average price of $1,071.94, for a total transaction of $214,388.00. Following the completion of the transaction, the insider now directly owns 108,950 shares of the company’s stock, valued at $116,787,863. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Markel Corporation (NYSE:MKL) traded down $13.11 during trading on Monday, reaching $1,063.41. 24,700 shares of the company’s stock were exchanged, compared to its average volume of 30,839. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.55 and a quick ratio of 0.55. The firm has a market cap of $14,772.79, a price-to-earnings ratio of 348.66 and a beta of 1.05. Markel Corporation has a 52-week low of $856.98 and a 52-week high of $1,105.23.
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Several research firms have recently commented on MKL. SunTrust Banks, Inc. reaffirmed a “hold” rating and issued a $1,100.00 price target on shares of Markel Corporation in a report on Friday, October 27th. Boenning Scattergood reaffirmed a “buy” rating on shares of Markel Corporation in a report on Thursday, October 26th. Zacks Investment Research lowered shares of Markel Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, October 3rd. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $1,050.00 price target on shares of Markel Corporation in a report on Tuesday, October 3rd. Finally, BidaskClub raised shares of Markel Corporation from a “hold” rating to a “buy” rating in a report on Thursday, August 3rd. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $1,066.67.
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.
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