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Insider Buying: Markel Co. (NYSE:MKL) Director Purchases 78 Shares of Stock


Markel Co. (NYSE:MKL – Get Rating) Director A. Lynne Puckett purchased 78 shares of Markel stock in a transaction that occurred on Friday, May 6th. The stock was acquired at an average cost of $1,319.71 per share, with a total value of $102,937.38. Following the transaction, the director now owns 603 shares in the company, valued at approximately $795,785.13. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

NYSE MKL opened at $1,287.07 on Tuesday. The stock has a market capitalization of $17.46 billion, a price-to-earnings ratio of 10.06 and a beta of 0.74. Markel Co. has a one year low of $1,155.00 and a one 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 business’s fifty-day moving average is $1,410.18 and its 200-day moving average is $1,307.60.

Markel (NYSE:MKL – Get Rating) last released its earnings results on Tuesday, April 26th. The insurance provider reported $19.67 EPS for the quarter, topping analysts’ consensus estimates of $16.60 by $3.07. Markel had a return on equity of 6.30% and a net margin of 14.33%. During the same quarter in the previous year, the business posted $10.12 EPS. Research analysts expect that Markel Co. will post 72.97 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. JFS Wealth Advisors LLC raised its stake in shares of Markel by 500.0% during the 1st quarter. JFS Wealth Advisors LLC now owns 18 shares of the insurance provider’s stock worth $27,000 after purchasing an additional 15 shares during the period. Riverview Trust Co bought a new stake in Markel in the 1st quarter valued at about $32,000. Harel Insurance Investments & Financial Services Ltd. bought a new stake in Markel in the 1st quarter valued at about $32,000. Clearstead Advisors LLC bought a new stake in Markel in the 1st quarter valued at about $38,000. Finally, Koshinski Asset Management Inc. raised its stake in Markel by 285.7% in the 4th quarter. Koshinski Asset Management Inc. now owns 27 shares of the insurance provider’s stock valued at $33,000 after acquiring an additional 20 shares during the period. Institutional investors own 77.07% of the company’s stock.

Several analysts recently issued reports on MKL shares. William Blair reissued an “outperform” rating on shares of Markel in a research report on Wednesday, April 27th. StockNews.com started coverage on Markel in a research note on Thursday, March 31st. They set a “hold” rating on the stock. Zacks Investment Research cut Markel from a “hold” rating to a “sell” rating and set a $1,470.00 objective price on the stock. in a research note on Friday, April 29th. Finally, Truist Financial raised their price objective on Markel from $1,400.00 to $1,500.00 in a research note on Thursday, April 28th. One 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. Based on data from MarketBeat, Markel presently has an average rating of “Hold” and an average price target of $1,506.67.

About Markel (GetRating)

Markel Corporation, a diverse financial holding company, markets and underwrites specialty insurance products in the United States, Bermuda, the United Kingdom, the 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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