Markel Corporation (NYSE:MKL) Director Lemuel E. Lewis purchased 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 8th. The shares were purchased at an average cost of $1,080.96 per share, with a total value of $1,080,960.00. Following the completion of the acquisition, the director now owns 5,294 shares in the company, valued at approximately $5,722,602.24. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Markel Corporation (NYSE:MKL) opened at $1,077.82 on Wednesday. Markel Corporation has a 52 week low of $867.02 and a 52 week high of $1,105.23. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.55 and a current ratio of 0.55. The company has a market capitalization of $14,888.78, a price-to-earnings ratio of 351.40 and a beta of 1.05.
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A number of institutional investors have recently bought and sold shares of MKL. Teachers Advisors LLC increased its stake in Markel Corporation by 5.2% during the 1st quarter. Teachers Advisors LLC now owns 15,689 shares of the insurance provider’s stock worth $15,310,000 after acquiring an additional 778 shares during the period. Morgan Stanley increased its stake in Markel Corporation by 8.0% during the 1st quarter. Morgan Stanley now owns 11,031 shares of the insurance provider’s stock worth $10,764,000 after acquiring an additional 816 shares during the period. KCG Holdings Inc. bought a new position in Markel Corporation during the 1st quarter worth $236,000. HighTower Advisors LLC increased its stake in Markel Corporation by 53.6% during the 1st quarter. HighTower Advisors LLC now owns 421 shares of the insurance provider’s stock worth $413,000 after acquiring an additional 147 shares during the period. Finally, Capstone Asset Management Co. increased its stake in shares of Markel Corporation by 9.5% in the 2nd quarter. Capstone Asset Management Co. now owns 404 shares of the insurance provider’s stock valued at $394,000 after purchasing an additional 35 shares during the last quarter. Hedge funds and other institutional investors own 76.78% of the company’s stock.
Several analysts recently weighed in on MKL shares. Boenning Scattergood set a $1,050.00 price target on Markel Corporation and gave the stock a “buy” rating in a report on Wednesday, July 26th. SunTrust Banks, Inc. reissued a “hold” rating and set a $1,100.00 price target on shares of Markel Corporation in a report on Friday, October 27th. ValuEngine raised Markel Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, August 1st. Royal Bank Of Canada reissued a “hold” rating and set a $1,050.00 price target on shares of Markel Corporation in a report on Tuesday, October 3rd. Finally, BidaskClub raised Markel Corporation from a “hold” rating to a “buy” rating in a report on Thursday, August 3rd. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Markel Corporation currently has an average rating of “Hold” and an average price target of $1,066.67.
About Markel Corporation
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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