Markel Co. (MKL) CEO Sells $318,006.00 in Stock

Markel Co. (NYSE:MKL) CEO Richard R. Whitt III sold 300 shares of the firm’s stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $1,060.02, for a total value of $318,006.00. Following the sale, the chief executive officer now directly owns 9,652 shares in the company, valued at approximately $10,231,313.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Shares of Markel Co. (NYSE MKL) traded up $9.20 during midday trading on Tuesday, reaching $1,097.52. The company’s stock had a trading volume of 25,426 shares, compared to its average volume of 42,387. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.55 and a current ratio of 0.55. The firm has a market capitalization of $15,085.42, a P/E ratio of 42.20 and a beta of 0.95. Markel Co. has a fifty-two week low of $936.95 and a fifty-two week high of $1,157.30.

A number of brokerages recently weighed in on MKL. SunTrust Banks raised their price objective on Markel to $1,200.00 and gave the company a “hold” rating in a research report on Thursday, February 8th. Royal Bank of Canada reaffirmed a “hold” rating and set a $1,200.00 price objective on shares of Markel in a research report on Thursday, February 8th. Zacks Investment Research downgraded Markel from a “buy” rating to a “hold” rating in a research report on Thursday, January 11th. Finally, Boenning Scattergood reaffirmed a “buy” rating on shares of Markel in a research report on Thursday, October 26th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $1,172.00.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Amundi Pioneer Asset Management Inc. acquired a new stake in Markel in the fourth quarter worth about $5,234,000. WINTON GROUP Ltd boosted its holdings in Markel by 65.4% in the fourth quarter. WINTON GROUP Ltd now owns 377 shares of the insurance provider’s stock worth $429,000 after acquiring an additional 149 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Markel by 0.9% in the fourth quarter. Geode Capital Management LLC now owns 114,754 shares of the insurance provider’s stock worth $130,643,000 after acquiring an additional 999 shares in the last quarter. Snyder Capital Management L P boosted its holdings in Markel by 6.3% in the fourth quarter. Snyder Capital Management L P now owns 4,992 shares of the insurance provider’s stock worth $5,687,000 after acquiring an additional 295 shares in the last quarter. Finally, Aevitas Wealth Management Inc. acquired a new stake in Markel in the fourth quarter worth about $108,000. 77.06% of the stock is owned by institutional investors and hedge funds.

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About Markel

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 (NYSE:MKL)

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