Steven A. Markel Sells 200 Shares of Markel Co. (MKL) Stock
Markel Co. (NYSE:MKL) Vice Chairman Steven A. Markel sold 200 shares of Markel 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 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 Securities & Exchange Commission, which is available at this hyperlink.
Shares of Markel Co. (NYSE MKL) traded up $12.28 during trading on Monday, hitting $1,110.94. The stock had a trading volume of 26,300 shares, compared to its average volume of 6,637. The stock has a market capitalization of $15,380.00, a price-to-earnings ratio of 364.24 and a beta of 1.05. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.55 and a current ratio of 0.55. Markel Co. has a 1 year low of $612.00 and a 1 year high of $1,124.22.
Several institutional investors have recently made changes to their positions in the company. Neuberger Berman Group LLC increased its stake in shares of Markel by 0.5% during 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 period. Flagship Harbor Advisors LLC grew its stake in Markel by 1.1% in the second quarter. Flagship Harbor Advisors LLC now owns 273 shares of the insurance provider’s stock valued at $268,000 after purchasing an additional 3 shares during the last quarter. Davidson & Garrard Inc. grew its stake in Markel 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 purchasing an additional 3 shares during the last quarter. Chilton Investment Co. LLC grew its stake in Markel by 2.4% in the second quarter. Chilton Investment Co. LLC now owns 253 shares of the insurance provider’s stock valued at $247,000 after purchasing an additional 6 shares during the last quarter. Finally, Comerica Bank grew its stake in Markel by 1.4% in the second quarter. Comerica Bank now owns 590 shares of the insurance provider’s stock valued at $603,000 after purchasing an additional 8 shares during the last quarter. Hedge funds and other institutional investors own 76.89% of the company’s stock.
COPYRIGHT VIOLATION NOTICE: This report was published by American Banking News and is the sole property of of American Banking News. If you are viewing this report on another website, it was copied illegally and reposted in violation of US and international trademark & copyright legislation. The original version of this report can be viewed at https://www.americanbankingnews.com/2017/12/11/steven-a-markel-sells-200-shares-of-markel-co-mkl-stock.html.
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 Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Markel Co. and related companies with MarketBeat.com's FREE daily email newsletter.