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.
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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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