Markel Corp (MKL): Alan I Kirshner , Executive Chairman of Markel Corp sold 1,990 shares on May 20, 2016. The Insider selling transaction was reported by the company on May 23, 2016 to the Securities and Exchange Commission. The shares were sold at $972.24 per share for a total value of $1,934,755.75 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on May 20, 2016, Richard R Iii Whitt (Co-Chief Executive Officer) sold 200 shares at $962.82 per share price.On May 20, 2016, Anne G Waleski (Exec Vice President and CFO) sold 746 shares at $965.51 per share price.Also, On May 19, 2016, F. Michael Crowley (President) sold 2,000 shares at $949.66 per share price.On May 18, 2016, Steven A Markel (Vice Chairman) sold 5,000 shares at $955.94 per share price.
Markel Corporation: On Friday, May 20, 2016 heightened volatility was witnessed in Markel Corporation which led to swings in the share price. The shares opened for trading at $969.05 and hit $986.26 on the upside , eventually ending the session at $982.84, with a gain of 1.94% or 18.74 points. The heightened volatility saw the trading volume jump to 52,082 shares. The 52-week high of the share price is $986.26 and the company has a market cap of $13,729 M . The 52-week low of the share price is at $763.
Markel Corporation is a financial holding company serving variety of markets. The Company markets and underwrites specialty insurance products. The Company also owns interests in various industrial and service businesses that operate outside of the specialty insurance marketplace. The Company operates in three segments: U.S. Insurance International Insurance and Reinsurance. The U.S. Insurance segment includes all direct business and facultative placements written by the Company’s insurance subsidiaries domiciled in the United States. The International Insurance segment includes all direct business and facultative placements written by the Company’s insurance subsidiaries domiciled outside of the United States including the Company’s syndicate at Lloyd’s. The Reinsurance segment includes all treaty reinsurance written across the Company. In the United States it writes business in the excess and surplus lines (E&S) and specialty admitted insurance and reinsurance markets.