Kirr Marbach & Co. LLC IN lessened its holdings in Markel Co. (NYSE:MKL) by 1.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,122 shares of the insurance provider’s stock after selling 166 shares during the period. Markel comprises 2.8% of Kirr Marbach & Co. LLC IN’s investment portfolio, making the stock its 13th biggest holding. Kirr Marbach & Co. LLC IN owned 0.09% of Markel worth $13,809,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. increased its stake in Markel by 2.6% in the 2nd quarter. Vanguard Group Inc. now owns 1,129,189 shares of the insurance provider’s stock valued at $1,101,931,000 after buying an additional 28,104 shares during the last quarter. Archford Capital Strategies LLC increased its stake in Markel by 34,592.5% in the 2nd quarter. Archford Capital Strategies LLC now owns 13,877 shares of the insurance provider’s stock valued at $204,000 after buying an additional 13,837 shares during the last quarter. Janus Henderson Group PLC increased its stake in Markel by 712.3% in the 2nd quarter. Janus Henderson Group PLC now owns 14,703 shares of the insurance provider’s stock valued at $14,347,000 after buying an additional 12,893 shares during the last quarter. Renaissance Technologies LLC increased its stake in Markel by 7.9% in the 2nd quarter. Renaissance Technologies LLC now owns 167,577 shares of the insurance provider’s stock valued at $163,532,000 after buying an additional 12,296 shares during the last quarter. Finally, Victory Capital Management Inc. grew its position in shares of Markel by 6.3% during the 3rd quarter. Victory Capital Management Inc. now owns 162,418 shares of the insurance provider’s stock valued at $173,459,000 after acquiring an additional 9,661 shares during the period. Institutional investors own 77.06% of the company’s stock.
A number of research firms have recently weighed in on MKL. SunTrust Banks increased their target price on shares of Markel to $1,200.00 and gave the company a “hold” rating in a research report on Thursday, February 8th. Royal Bank of Canada reissued a “hold” rating and set a $1,200.00 target price on shares of Markel in a research report on Thursday, February 8th. Zacks Investment Research downgraded shares of Markel from a “buy” rating to a “hold” rating in a report on Thursday, January 11th. Finally, Boenning Scattergood reaffirmed a “buy” rating on shares of Markel in a report on Thursday, October 26th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $1,172.00.
Markel Co. (MKL) opened at $1,097.52 on Wednesday. The company has a quick ratio of 0.55, a current ratio of 0.55 and a debt-to-equity ratio of 0.28. The company has a market cap of $15,260.00, a price-to-earnings ratio of 42.57 and a beta of 0.95. Markel Co. has a fifty-two week low of $936.95 and a fifty-two week high of $1,157.30.
In related news, EVP Anne G. Waleski sold 838 shares of Markel stock in a transaction on Friday, December 8th. The shares were sold at an average price of $1,102.48, for a total value of $923,878.24. Following the transaction, the executive vice president now owns 4,150 shares in the company, valued at approximately $4,575,292. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Alan I. Kirshner sold 100 shares of Markel stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $1,133.50, for a total transaction of $113,350.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 2,438 shares of company stock worth $2,691,350. Corporate insiders own 2.53% of the company’s stock.
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Markel 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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