Markel Co. (MKL) Stake Lowered by Epoch Investment Partners Inc.

Epoch Investment Partners Inc. decreased its position in shares of Markel Co. (NYSE:MKL) by 3.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 37,223 shares of the insurance provider’s stock after selling 1,366 shares during the quarter. Epoch Investment Partners Inc. owned 0.27% of Markel worth $39,753,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently bought and sold shares of MKL. Proficio Capital Partners LLC lifted its position in Markel by 40.3% during the second quarter. Proficio Capital Partners LLC now owns 94 shares of the insurance provider’s stock valued at $101,000 after purchasing an additional 27 shares during the period. Korea Investment CORP lifted its position in Markel by 138.9% during the second quarter. Korea Investment CORP now owns 129 shares of the insurance provider’s stock valued at $126,000 after purchasing an additional 75 shares during the period. BDO Wealth Advisors LLC bought a new position in Markel during the second quarter valued at approximately $166,000. Toronto Dominion Bank lifted its position in Markel by 11.0% during the second quarter. Toronto Dominion Bank now owns 171 shares of the insurance provider’s stock valued at $167,000 after purchasing an additional 17 shares during the period. Finally, First Capital Advisors Group LLC. bought a new position in Markel during the third quarter valued at approximately $202,000. Hedge funds and other institutional investors own 76.89% of the company’s stock.

MKL has been the topic of several recent research reports. Boenning Scattergood reiterated a “buy” rating on shares of Markel in a research report on Thursday, October 26th. SunTrust Banks reiterated a “hold” rating and issued a $1,100.00 price target on shares of Markel in a research report on Friday, October 27th. Zacks Investment Research downgraded shares of Markel from a “buy” rating to a “hold” rating in a research report on Tuesday, October 3rd. Finally, Royal Bank Of Canada reiterated a “hold” rating and issued a $1,050.00 price target on shares of Markel in a research report on Tuesday, October 3rd. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $1,066.67.

In other news, insider Alan I. Kirshner sold 100 shares of the firm’s stock in a transaction on Tuesday, October 3rd. The shares were sold at an average price of $1,077.70, for a total transaction of $107,770.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Vice Chairman Steven A. Markel sold 200 shares of the firm’s stock in a transaction on Thursday, September 28th. The shares were sold at an average price of $1,065.64, for a total transaction of $213,128.00. Following the sale, the insider now owns 109,550 shares in the company, valued at $116,740,862. The disclosure for this sale can be found here. Insiders have sold a total of 1,269 shares of company stock worth $1,366,344 over the last 90 days. Insiders own 2.53% of the company’s stock.

Shares of Markel Co. (MKL) traded down $0.41 during mid-day trading on Wednesday, hitting $1,112.05. 34,200 shares of the stock traded hands, compared to its average volume of 6,333. The company has a market cap of $15,454.18, a P/E ratio of 364.74 and a beta of 1.05. Markel Co. has a 12-month low of $612.00 and a 12-month high of $1,124.22. The company has a quick ratio of 0.55, a current ratio of 0.55 and a debt-to-equity ratio of 0.28.

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Markel 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.

Institutional Ownership by Quarter for Markel (NYSE:MKL)

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