Markel Co. (NYSE:MKL) shares reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $1,126.13 and last traded at $1,121.69, with a volume of 28400 shares traded. The stock had previously closed at $1,118.46.

Several research analysts have issued reports on MKL shares. Royal Bank of Canada reaffirmed a “hold” rating and set a $1,050.00 price objective on shares of Markel in a report on Tuesday, October 3rd. Zacks Investment Research cut shares of Markel from a “buy” rating to a “hold” rating in a research report on Tuesday, October 3rd. Boenning Scattergood reiterated a “buy” rating on shares of Markel in a research report on Thursday, October 26th. Finally, SunTrust Banks restated a “hold” rating and issued a $1,100.00 price objective on shares of Markel in a research report on Friday, October 27th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $1,066.67.

The firm has a market capitalization of $15,537.53, a PE ratio of 366.71 and a beta of 1.05. The company has a current ratio of 0.55, a quick ratio of 0.55 and a debt-to-equity ratio of 0.28.

In other Markel news, Vice Chairman Steven A. Markel sold 200 shares of the stock in a transaction dated Thursday, December 7th. The stock was sold at an average price of $1,100.58, for a total transaction of $220,116.00. Following the completion of the transaction, the insider now owns 108,530 shares in the company, valued at approximately $119,445,947.40. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Anne G. Waleski sold 838 shares of the stock in a transaction dated Friday, December 8th. The stock was sold at an average price of $1,102.48, for a total value of $923,878.24. Following the transaction, the executive vice president now owns 4,150 shares of the company’s stock, valued at approximately $4,575,292. The disclosure for this sale can be found here. In the last quarter, insiders have sold 2,307 shares of company stock valued at $2,510,338. Corporate insiders own 2.53% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in the business. IFM Investors Pty Ltd bought a new position in Markel during the 3rd quarter worth about $478,000. Stonebridge Capital Advisors LLC bought a new position in Markel during the 3rd quarter worth about $219,000. Bares Capital Management Inc. increased its holdings in Markel by 6.8% during the 3rd quarter. Bares Capital Management Inc. now owns 125,152 shares of the insurance provider’s stock worth $133,660,000 after purchasing an additional 7,964 shares in the last quarter. California Public Employees Retirement System increased its holdings in Markel by 3.4% during the 3rd quarter. California Public Employees Retirement System now owns 29,434 shares of the insurance provider’s stock worth $31,435,000 after purchasing an additional 968 shares in the last quarter. Finally, Vident Investment Advisory LLC bought a new position in Markel during the 3rd quarter worth about $556,000. Hedge funds and other institutional investors own 76.89% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: This news story was originally reported by Watch List News and is the sole property of of Watch List News. If you are accessing this news story on another domain, it was stolen and republished in violation of US and international trademark & copyright law. The original version of this news story can be accessed at https://www.watchlistnews.com/markel-mkl-sets-new-1-year-high-at-1126-13/1761811.html.

About Markel

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.

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