Insider Selling: Markel Co. (MKL) Vice Chairman Sells 200 Shares of Stock
Markel Co. (NYSE:MKL) Vice Chairman Steven A. Markel sold 200 shares of the company’s stock in a transaction dated Thursday, January 4th. The stock was sold at an average price of $1,115.78, for a total value of $223,156.00. Following the transaction, the insider now directly owns 106,712 shares of the company’s stock, valued at $119,067,115.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Shares of Markel Co. (MKL) traded down $1.04 during midday trading on Friday, reaching $1,117.33. The company had a trading volume of 27,370 shares, compared to its average volume of 36,868. Markel Co. has a 1 year low of $612.00 and a 1 year high of $1,157.30. The company has a quick ratio of 0.55, a current ratio of 0.55 and a debt-to-equity ratio of 0.28. The firm has a market capitalization of $15,480.00, a PE ratio of 248.85 and a beta of 1.04.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Toronto Dominion Bank boosted its position in Markel by 11.0% during the second quarter. Toronto Dominion Bank now owns 171 shares of the insurance provider’s stock valued at $167,000 after purchasing an additional 17 shares during the last quarter. First Capital Advisors Group LLC. acquired a new position in Markel during the third quarter valued at approximately $202,000. Klingenstein Fields & Co. LLC acquired a new position in Markel during the third quarter valued at approximately $214,000. Sigma Investment Counselors Inc. acquired a new position in Markel during the third quarter valued at approximately $214,000. Finally, Athena Capital Advisors LLC acquired a new position in Markel during the third quarter valued at approximately $214,000. 76.79% of the stock is owned by hedge funds and other institutional investors.
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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