Markel Co. (NYSE:MKL) CEO Richard R. Whitt III sold 500 shares of the stock in a transaction dated Wednesday, September 5th. The shares were sold at an average price of $1,202.80, for a total transaction of $601,400.00. Following the completion of the transaction, the chief executive officer now directly owns 10,444 shares in the company, valued at $12,562,043.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

NYSE MKL traded up $2.94 during trading hours on Friday, reaching $1,202.55. The company’s stock had a trading volume of 19,546 shares, compared to its average volume of 23,289. The firm has a market cap of $16.48 billion, a PE ratio of 332.20 and a beta of 0.95. Markel Co. has a 52 week low of $1,035.95 and a 52 week high of $1,228.32. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.58 and a quick ratio of 0.58.

Markel (NYSE:MKL) last issued its quarterly earnings data on Tuesday, July 31st. The insurance provider reported $19.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $8.49 by $11.48. Markel had a net margin of 5.79% and a return on equity of 2.89%. The business had revenue of $1.88 billion during the quarter, compared to analyst estimates of $1.68 billion. research analysts anticipate that Markel Co. will post 39.02 earnings per share for the current fiscal year.

A number of institutional investors have recently added to or reduced their stakes in MKL. HRT Financial LLC bought a new stake in shares of Markel in the 2nd quarter valued at $902,000. Atlantic Trust LLC increased its stake in shares of Markel by 11.4% in the 2nd quarter. Atlantic Trust LLC now owns 588 shares of the insurance provider’s stock valued at $638,000 after acquiring an additional 60 shares in the last quarter. Global X Management Co LLC grew its position in Markel by 24.1% in the 2nd quarter. Global X Management Co LLC now owns 556 shares of the insurance provider’s stock valued at $603,000 after purchasing an additional 108 shares during the period. Carnegie Capital Asset Management LLC grew its position in Markel by 98.4% in the 2nd quarter. Carnegie Capital Asset Management LLC now owns 605 shares of the insurance provider’s stock valued at $686,000 after purchasing an additional 300 shares during the period. Finally, California Public Employees Retirement System grew its position in Markel by 26.7% in the 2nd quarter. California Public Employees Retirement System now owns 37,285 shares of the insurance provider’s stock valued at $40,430,000 after purchasing an additional 7,855 shares during the period. Hedge funds and other institutional investors own 79.15% of the company’s stock.

MKL has been the topic of several research reports. Boenning Scattergood restated a “buy” rating on shares of Markel in a research note on Wednesday, August 1st. Zacks Investment Research downgraded shares of Markel from a “hold” rating to a “sell” rating in a research note on Tuesday, July 24th. Finally, ValuEngine upgraded shares of Markel from a “hold” rating to a “buy” rating in a research note on Thursday, August 2nd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $1,237.50.

About Markel

Markel Corporation, a diverse financial holding company, markets and underwrites specialty insurance products in the United States, the United Kingdom, Canada, and internationally. It operates through three segments: U.S. Insurance, International Insurance, and Reinsurance. The U.S. Insurance segment offers general and professional liability, property, personal line, program, and workers' compensation insurance products, as well as other insurance product lines, such as ocean marine, surety, CPI, and coverages.

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

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