Markel Corporation (NYSE:MKL) CEO Richard R. Whitt III sold 100 shares of the firm’s stock in a transaction that occurred on Monday, August 28th. The stock was sold at an average price of $1,050.20, for a total transaction of $105,020.00. Following the transaction, the chief executive officer now directly owns 11,239 shares in the company, valued at $11,803,197.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Markel Corporation (MKL) opened at 1051.99 on Friday. The stock’s 50 day moving average is $1,038.89 and its 200-day moving average is $988.63. Markel Corporation has a 1-year low of $811.05 and a 1-year high of $1,086.68. The company has a market capitalization of $14.63 billion, a P/E ratio of 36.38 and a beta of 1.03.

Markel Corporation (NYSE:MKL) last announced its earnings results on Wednesday, July 26th. The insurance provider reported $9.94 earnings per share for the quarter, topping the consensus estimate of $6.27 by $3.67. Markel Corporation had a net margin of 7.58% and a return on equity of 4.81%. The firm had revenue of $1.46 billion for the quarter, compared to the consensus estimate of $1.46 billion. On average, analysts expect that Markel Corporation will post $28.59 earnings per share for the current fiscal year.

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A number of large investors have recently made changes to their positions in the company. Capstone Asset Management Co. boosted its position in Markel Corporation by 21.8% in the first quarter. Capstone Asset Management Co. now owns 369 shares of the insurance provider’s stock valued at $360,000 after buying an additional 66 shares during the period. Candriam Luxembourg S.C.A. boosted its position in Markel Corporation by 13.3% in the first quarter. Candriam Luxembourg S.C.A. now owns 1,023 shares of the insurance provider’s stock valued at $998,000 after buying an additional 120 shares during the period. Mn Services Vermogensbeheer B.V. boosted its position in Markel Corporation by 5.7% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 373 shares of the insurance provider’s stock valued at $340,000 after buying an additional 20 shares during the period. Profund Advisors LLC boosted its position in Markel Corporation by 21.8% in the first quarter. Profund Advisors LLC now owns 290 shares of the insurance provider’s stock valued at $283,000 after buying an additional 52 shares during the period. Finally, ProShare Advisors LLC boosted its position in Markel Corporation by 8.1% in the first quarter. ProShare Advisors LLC now owns 2,044 shares of the insurance provider’s stock valued at $1,995,000 after buying an additional 154 shares during the period. 76.63% of the stock is currently owned by hedge funds and other institutional investors.

MKL has been the topic of a number of recent research reports. Zacks Investment Research upgraded shares of Markel Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, June 27th. BidaskClub downgraded shares of Markel Corporation from a “hold” rating to a “sell” rating in a research note on Thursday, June 22nd. Boenning Scattergood set a $1,050.00 price objective on shares of Markel Corporation and gave the company a “buy” rating in a research note on Wednesday, July 26th. Finally, ValuEngine upgraded shares of Markel Corporation from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $1,050.00.

Markel Corporation 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.

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

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