Taylor Hoffman Wealth Management bought a new position in Markel Co. (NYSE:MKL) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 935 shares of the insurance provider’s stock, valued at approximately $1,065,000. Markel comprises approximately 2.3% of Taylor Hoffman Wealth Management’s portfolio, making the stock its 8th biggest holding.
Other hedge funds and other institutional investors have also made changes to their positions in the company. First Personal Financial Services increased its stake in Markel by 156.1% in the 4th quarter. First Personal Financial Services now owns 105 shares of the insurance provider’s stock worth $120,000 after acquiring an additional 64 shares during the last quarter. SeaCrest Wealth Management LLC bought a new position in Markel in the 4th quarter worth about $122,000. Simplex Trading LLC increased its stake in Markel by 169.1% in the 4th quarter. Simplex Trading LLC now owns 148 shares of the insurance provider’s stock worth $168,000 after acquiring an additional 93 shares during the last quarter. Toronto Dominion Bank increased its stake in Markel by 11.0% in the 2nd quarter. Toronto Dominion Bank now owns 171 shares of the insurance provider’s stock worth $167,000 after acquiring an additional 17 shares during the last quarter. Finally, Cigna Investments Inc. New bought a new position in Markel in the 4th quarter worth about $201,000. Institutional investors and hedge funds own 77.06% of the company’s stock.
A number of equities analysts have recently issued reports on MKL shares. Boenning Scattergood reiterated a “buy” rating on shares of Markel in a report on Thursday, October 26th. SunTrust Banks reiterated a “hold” rating and issued a $1,100.00 price objective on shares of Markel in a report on Friday, October 27th. Zacks Investment Research upgraded Markel from a “hold” rating to a “buy” rating and set a $1,253.00 price objective for the company in a report on Friday, January 5th. Finally, Royal Bank of Canada reiterated a “hold” rating and issued a $1,200.00 price objective on shares of Markel in a report on Thursday, February 8th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Markel currently has a consensus rating of “Hold” and an average price target of $1,172.00.
In other news, Vice Chairman Steven A. Markel sold 200 shares of the company’s stock in a transaction dated Monday, November 27th. The stock was sold at an average price of $1,078.70, for a total value of $215,740.00. Following the completion of the transaction, the insider now directly owns 108,761 shares in the company, valued at approximately $117,320,490.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Richard R. Whitt III sold 300 shares of the company’s stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $1,060.02, for a total value of $318,006.00. Following the completion of the transaction, the chief executive officer now owns 9,652 shares of the company’s stock, valued at $10,231,313.04. The disclosure for this sale can be found here. Insiders sold a total of 2,638 shares of company stock valued at $2,911,118 over the last quarter. Company insiders own 2.53% of the company’s stock.
Markel Co. (NYSE:MKL) opened at $1,130.06 on Friday. Markel Co. has a fifty-two week low of $936.95 and a fifty-two week high of $1,157.30. 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 stock has a market capitalization of $15,710.00, a PE ratio of 43.83 and a beta of 0.95.
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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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