Steven A. Markel Sells 200 Shares of Markel Co. (MKL) Stock
Markel Co. (NYSE:MKL) Vice Chairman Steven A. Markel sold 200 shares of Markel stock in a transaction on Thursday, December 7th. The stock was sold at an average price of $1,100.58, for a total value of $220,116.00. Following the sale, the insider now owns 108,530 shares of the company’s stock, valued at $119,445,947.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Shares of Markel Co. (NYSE MKL) traded up $12.28 during trading on Monday, hitting $1,110.94. The stock had a trading volume of 26,300 shares, compared to its average volume of 6,637. The stock has a market capitalization of $15,380.00, a price-to-earnings ratio of 364.24 and a beta of 1.05. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.55 and a current ratio of 0.55. Markel Co. has a 1 year low of $612.00 and a 1 year high of $1,124.22.
Several institutional investors have recently made changes to their positions in the company. Neuberger Berman Group LLC increased its stake in shares of Markel by 0.5% during the second quarter. Neuberger Berman Group LLC now owns 428 shares of the insurance provider’s stock valued at $418,000 after buying an additional 2 shares during the period. Flagship Harbor Advisors LLC grew its stake in Markel 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 purchasing an additional 3 shares during the last quarter. Davidson & Garrard Inc. grew its stake in Markel by 0.6% in the second quarter. Davidson & Garrard Inc. now owns 529 shares of the insurance provider’s stock valued at $516,000 after purchasing an additional 3 shares during the last quarter. Chilton Investment Co. LLC grew its stake in Markel 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 purchasing an additional 6 shares during the last quarter. Finally, Comerica Bank grew its stake in Markel by 1.4% in the second quarter. Comerica Bank now owns 590 shares of the insurance provider’s stock valued at $603,000 after purchasing an additional 8 shares during the last quarter. Hedge funds and other institutional investors own 76.89% of the company’s stock.
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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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