Markel Co. (MKL) Insider Alan I. Kirshner Sells 200 Shares

Markel Co. (NYSE:MKL) insider Alan I. Kirshner sold 200 shares of the firm’s stock in a transaction dated Friday, April 12th. The shares were sold at an average price of $1,002.50, for a total transaction of $200,500.00. Following the completion of the sale, the insider now owns 21,985 shares of the company’s stock, valued at $22,039,962.50. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Markel stock opened at $1,013.67 on Wednesday. The stock has a market capitalization of $13.90 billion, a price-to-earnings ratio of 49.38 and a beta of 0.85. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 0.33. Markel Co. has a twelve month low of $950.16 and a twelve month high of $1,228.32.

Markel (NYSE:MKL) last released its quarterly earnings results on Tuesday, February 5th. The insurance provider reported $2.27 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $3.31 by ($1.04). The company had revenue of $1.89 billion during the quarter, compared to the consensus estimate of $1.83 billion. Markel had a negative net margin of 2.02% and a positive return on equity of 9.15%. As a group, equities analysts forecast that Markel Co. will post 39.04 earnings per share for the current fiscal year.

A number of institutional investors have recently added to or reduced their stakes in MKL. Alpha Omega Wealth Management LLC increased its holdings in shares of Markel by 2.0% during the fourth quarter. Alpha Omega Wealth Management LLC now owns 511 shares of the insurance provider’s stock worth $530,000 after purchasing an additional 10 shares during the period. Security Asset Management increased its holdings in shares of Markel by 0.5% during the fourth quarter. Security Asset Management now owns 1,897 shares of the insurance provider’s stock worth $1,969,000 after purchasing an additional 10 shares during the period. Wilbanks Smith & Thomas Asset Management LLC increased its holdings in shares of Markel by 7.5% during the fourth quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 200 shares of the insurance provider’s stock worth $208,000 after purchasing an additional 14 shares during the period. Benjamin F. Edwards & Company Inc. increased its holdings in shares of Markel by 17.6% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 100 shares of the insurance provider’s stock worth $104,000 after purchasing an additional 15 shares during the period. Finally, Parallel Advisors LLC increased its holdings in shares of Markel by 31.3% during the fourth quarter. Parallel Advisors LLC now owns 63 shares of the insurance provider’s stock worth $65,000 after purchasing an additional 15 shares during the period. 76.40% of the stock is currently owned by hedge funds and other institutional investors.

Several equities research analysts recently issued reports on the stock. Zacks Investment Research upgraded shares of Markel from a “hold” rating to a “buy” rating and set a $1,163.00 target price for the company in a research note on Wednesday, January 2nd. ValuEngine downgraded shares of Markel from a “hold” rating to a “sell” rating in a research note on Friday, April 5th. Finally, TheStreet downgraded shares of Markel from a “b” rating to a “c” rating in a research note on Wednesday, February 6th.

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About Markel

Markel Corporation, a diverse financial holding company, markets and underwrites specialty insurance products in the United States, the United Kingdom, Canada, and internationally. It operates through three segments: U.S. Insurance, International Insurance, and Reinsurance. The U.S. Insurance segment offers general and professional liability, property, personal line, program, and workers' compensation insurance products, as well as other insurance product lines, such as ocean marine, surety, CPI, and coverages.

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Insider Buying and Selling by Quarter for Markel (NYSE:MKL)

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