Markel Co. (NYSE:MKL) Vice Chairman Steven A. Markel sold 200 shares of the company’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $1,125.96, for a total transaction of $225,192.00. Following the transaction, the insider now directly owns 106,243 shares of the company’s stock, valued at approximately $119,625,368.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Shares of Markel Co. (NYSE MKL) opened at $1,112.73 on Thursday. The firm has a market cap of $15,405.63, a PE ratio of 43.16 and a beta of 0.95. Markel Co. has a 52 week low of $936.95 and a 52 week high of $1,157.30. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.55 and a quick ratio of 0.55.
A number of research analysts have recently commented on the stock. SunTrust Banks upped their price objective on shares of 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 lowered shares of 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 investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock currently 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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