Markel Corporation (MKL) Director Lemuel E. Lewis Buys 1,000 Shares
Markel Corporation (NYSE:MKL) Director Lemuel E. Lewis acquired 1,000 shares of the business’s stock in a transaction on Wednesday, November 8th. The shares were bought at an average cost of $1,080.96 per share, for a total transaction of $1,080,960.00. Following the acquisition, the director now owns 5,294 shares of the company’s stock, valued at approximately $5,722,602.24. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Markel Corporation (NYSE:MKL) opened at $1,071.76 on Tuesday. The firm has a market cap of $14,772.79, a P/E ratio of 348.66 and a beta of 1.05. Markel Corporation has a 1-year low of $865.14 and a 1-year high of $1,105.23. The company has a current ratio of 0.55, a quick ratio of 0.55 and a debt-to-equity ratio of 0.28.
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A number of analysts have weighed in on MKL shares. BidaskClub raised shares of Markel Corporation from a “hold” rating to a “buy” rating in a report on Thursday, August 3rd. Boenning Scattergood reissued a “buy” rating on shares of Markel Corporation in a report on Thursday, October 26th. SunTrust Banks, Inc. reissued a “hold” rating and set a $1,100.00 price objective on shares of Markel Corporation in a report on Friday, October 27th. Zacks Investment Research cut shares of Markel Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, October 3rd. Finally, Royal Bank Of Canada reissued a “hold” rating and set a $1,050.00 price objective on shares of Markel Corporation in a report on Tuesday, October 3rd. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Markel Corporation currently has a consensus rating of “Hold” and an average target price of $1,066.67.
Several institutional investors have recently made changes to their positions in MKL. Proficio Capital Partners LLC increased its holdings in shares of Markel Corporation by 40.3% in the 2nd quarter. Proficio Capital Partners LLC now owns 94 shares of the insurance provider’s stock valued at $101,000 after acquiring an additional 27 shares during the period. Korea Investment CORP increased its holdings in shares of Markel Corporation by 138.9% in the 2nd quarter. Korea Investment CORP now owns 129 shares of the insurance provider’s stock valued at $126,000 after acquiring an additional 75 shares during the period. BDO Wealth Advisors LLC acquired a new position in shares of Markel Corporation in the 2nd quarter valued at $166,000. Toronto Dominion Bank increased its holdings in shares of Markel Corporation by 11.0% in the 2nd quarter. Toronto Dominion Bank now owns 171 shares of the insurance provider’s stock valued at $167,000 after acquiring an additional 17 shares during the period. Finally, First Capital Advisors Group LLC. acquired a new position in shares of Markel Corporation in the 3rd quarter valued at $202,000. 76.78% of the stock is currently owned by institutional investors and hedge funds.
Markel Corporation Company Profile
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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