Markel Co. (NYSE:MKL) Director Anthony F. Markel Acquires 80 Shares

Markel Co. (NYSE:MKL – Get Rating) Director Anthony F. Markel bought 80 shares of the company’s stock in a transaction on Tuesday, May 10th. The shares were acquired at an average price of $1,305.14 per share, with a total value of $104,411.20. Following the transaction, the director now directly owns 2,650 shares of the company’s stock, valued at $3,458,621. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

NYSE:MKL traded up $7.88 during mid-day trading on Thursday, hitting $1,291.06. The company’s stock had a trading volume of 74,591 shares, compared to its average volume of 59,425. Markel Co. has a 1 year low of $1,155.00 and a 1 year high of $1,519.24. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.66 and a quick ratio of 0.66. The stock has a market cap of $17.52 billion, a price-to-earnings ratio of 10.08 and a beta of 0.74. The business’s fifty day moving average is $1,411.23 and its two-hundred day moving average is $1,307.29.

Markel (NYSE:MKL – Get Rating) last posted its earnings results on Tuesday, April 26th. The insurance provider reported $19.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $16.60 by $3.07. Markel had a net margin of 14.33% and a return on equity of 6.30%. During the same quarter last year, the company posted $10.12 EPS. Analysts anticipate that Markel Co. will post 72.97 EPS for the current fiscal year.

Several hedge funds have recently bought and sold shares of the company. Security Asset Management boosted its stake in shares of Markel by 0.4% during the 1st quarter. Security Asset Management now owns 2,829 shares of the insurance provider’s stock worth $4,173,000 after acquiring an additional 10 shares in the last quarter. Penserra Capital Management LLC raised its position in shares of Markel by 20.8% during the 4th quarter. Penserra Capital Management LLC now owns 58 shares of the insurance provider’s stock worth $71,000 after purchasing an additional 10 shares during the last quarter. Buckingham Strategic Wealth LLC raised its position in shares of Markel by 3.1% during the 3rd quarter. Buckingham Strategic Wealth LLC now owns 367 shares of the insurance provider’s stock worth $439,000 after purchasing an additional 11 shares during the last quarter. Ridgewood Investments LLC raised its position in shares of Markel by 0.5% during the 4th quarter. Ridgewood Investments LLC now owns 2,134 shares of the insurance provider’s stock worth $2,633,000 after purchasing an additional 11 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC raised its position in shares of Markel by 12.5% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 99 shares of the insurance provider’s stock worth $122,000 after purchasing an additional 11 shares during the last quarter. 77.07% of the stock is currently owned by institutional investors and hedge funds.

A number of analysts recently issued reports on the company. William Blair reiterated an “outperform” rating on shares of Markel in a report on Wednesday, April 27th. Zacks Investment Research downgraded shares of Markel from a “hold” rating to a “sell” rating and set a $1,470.00 price objective for the company. in a research note on Friday, April 29th. Truist Financial boosted their price objective on shares of Markel from $1,400.00 to $1,500.00 in a research note on Thursday, April 28th. Finally, StockNews.com started coverage on shares of Markel in a research note on Thursday, March 31st. They issued a “hold” rating for the company. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $1,506.67.

Markel Company Profile (Get Rating)

Markel Corporation, a diverse financial holding company, markets and underwrites specialty insurance products in the United States, Bermuda, the United Kingdom, rest of Europe, Canada, the Asia Pacific, and the Middle East. Its Insurance segment offers general and professional liability, personal lines, marine and energy, specialty programs, and workers' compensation insurance products; and property coverages that include fire, allied lines, and other specialized property coverages, including catastrophe-exposed property risks, such as earthquake and wind.

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