Advisor Group Inc. grew its stake in shares of Markel Co. (NYSE:MKL) by 22.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,125 shares of the insurance provider’s stock after buying an additional 385 shares during the quarter. Advisor Group Inc.’s holdings in Markel were worth $2,424,000 at the end of the most recent quarter.
Several other institutional investors also recently bought and sold shares of the company. Dynamic Capital Management Ltd purchased a new stake in shares of Markel during the 4th quarter valued at $547,000. Foundation Asset Management LP bought a new position in shares of Markel during the 4th quarter valued at $6,835,000. Thrivent Financial For Lutherans bought a new position in shares of Markel during the 4th quarter valued at $55,990,000. Needham Investment Management LLC bought a new position in shares of Markel during the 4th quarter valued at $342,000. Finally, Caisse DE Depot ET Placement DU Quebec grew its holdings in shares of Markel by 40.6% during the 4th quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,800 shares of the insurance provider’s stock valued at $2,050,000 after purchasing an additional 520 shares during the last quarter. Hedge funds and other institutional investors own 78.13% of the company’s stock.
MKL has been the topic of several recent research reports. Zacks Investment Research raised shares of Markel from a “hold” rating to a “buy” rating and set a $1,253.00 target price on the stock in a report on Friday, January 5th. Royal Bank of Canada reaffirmed a “hold” rating and set a $1,200.00 target price on shares of Markel in a report on Thursday, February 8th. ValuEngine lowered shares of Markel from a “hold” rating to a “sell” rating in a report on Thursday, March 1st. Finally, SunTrust Banks increased their target price on shares of Markel to $1,200.00 and gave the company a “hold” rating in a report on Thursday, February 8th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company’s stock. Markel presently has an average rating of “Hold” and an average price target of $1,172.00.
In other Markel news, insider Alan I. Kirshner sold 100 shares of the firm’s stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $1,133.50, for a total value of $113,350.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Vice Chairman Steven A. Markel sold 200 shares of the firm’s stock in a transaction on Thursday, March 1st. The stock was sold at an average price of $1,115.37, for a total transaction of $223,074.00. The disclosure for this sale can be found here. In the last three months, insiders sold 1,800 shares of company stock worth $1,999,650. Insiders own 2.53% of the company’s stock.
Markel Co. (MKL) opened at $1,159.31 on Friday. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.33. Markel Co. has a twelve month low of $936.95 and a twelve month high of $1,164.70. The company has a market cap of $15,878.58, a price-to-earnings ratio of 44.97 and a beta of 0.95.
Markel (NYSE:MKL) last announced its quarterly earnings results on Tuesday, February 6th. The insurance provider reported $6.64 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $8.55 by ($1.91). The firm had revenue of $1.67 billion during the quarter, compared to the consensus estimate of $1.58 billion. Markel had a return on equity of 0.39% and a net margin of 6.52%. research analysts forecast that Markel Co. will post 33.19 earnings per share for the current year.
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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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