Markel Corporation (NYSE:MKL) CEO Richard R. Whitt III sold 100 shares of the business’s stock in a transaction on Monday, August 7th. The shares were sold at an average price of $1,061.10, for a total transaction of $106,110.00. Following the sale, the chief executive officer now directly owns 12,139 shares in the company, valued at $12,880,692.90. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Markel Corporation (NYSE:MKL) traded up 0.45% during trading on Wednesday, hitting $1057.85. 30,187 shares of the stock were exchanged. Markel Corporation has a 12-month low of $811.05 and a 12-month high of $1,086.68. The firm has a market capitalization of $14.72 billion, a PE ratio of 36.58 and a beta of 1.03. The stock has a 50 day moving average price of $997.67 and a 200-day moving average price of $970.71.

Markel Corporation (NYSE:MKL) last posted its quarterly earnings data on Wednesday, July 26th. The insurance provider reported $9.94 EPS for the quarter, beating the consensus estimate of $6.27 by $3.67. The business had revenue of $1.46 billion for the quarter, compared to analysts’ expectations of $1.46 billion. Markel Corporation had a net margin of 7.58% and a return on equity of 4.81%. On average, equities research analysts anticipate that Markel Corporation will post $28.59 earnings per share for the current fiscal year.

COPYRIGHT VIOLATION WARNING: “Markel Corporation (MKL) CEO Sells $106,110.00 in Stock” was first published by Watch List News and is owned by of Watch List News. If you are reading this story on another site, it was stolen and reposted in violation of U.S. & international copyright and trademark law. The legal version of this story can be viewed at https://www.watchlistnews.com/markel-corporation-mkl-ceo-sells-106110-00-in-stock/1466543.html.

Several brokerages have issued reports on MKL. BidaskClub downgraded shares of Markel Corporation from a “hold” rating to a “sell” rating in a research note on Thursday, June 22nd. Zacks Investment Research raised shares of Markel Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, June 27th. ValuEngine raised shares of Markel Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, August 1st. Finally, Boenning Scattergood set a $1,050.00 target price on shares of Markel Corporation and gave the company a “buy” rating in a research note on Wednesday, July 26th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Markel Corporation presently has an average rating of “Hold” and a consensus price target of $1,050.00.

A number of large investors have recently bought and sold shares of MKL. Farr Miller & Washington LLC DC boosted its stake in Markel Corporation by 79.3% in the second quarter. Farr Miller & Washington LLC DC now owns 866 shares of the insurance provider’s stock valued at $845,000 after buying an additional 383 shares in the last quarter. Flagship Harbor Advisors LLC boosted its stake in Markel Corporation by 1.1% in the second quarter. Flagship Harbor Advisors LLC now owns 273 shares of the insurance provider’s stock valued at $268,000 after buying an additional 3 shares in the last quarter. Chilton Investment Co. LLC boosted its stake in Markel Corporation by 2.4% in the second quarter. Chilton Investment Co. LLC now owns 253 shares of the insurance provider’s stock valued at $247,000 after buying an additional 6 shares in the last quarter. Hosking Partners LLP boosted its stake in Markel Corporation by 1.6% in the second quarter. Hosking Partners LLP now owns 16,323 shares of the insurance provider’s stock valued at $15,929,000 after buying an additional 260 shares in the last quarter. Finally, Thompson Siegel & Walmsley LLC boosted its stake in Markel Corporation by 26.9% in the second quarter. Thompson Siegel & Walmsley LLC now owns 47,195 shares of the insurance provider’s stock valued at $46,055,000 after buying an additional 10,014 shares in the last quarter. 76.38% of the stock is currently owned by institutional investors and hedge funds.

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)

Receive News & Ratings for Markel Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Markel Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.