Westwood Holdings Group Inc. Cuts Holdings in Markel Co. (NYSE:MKL)

Westwood Holdings Group Inc. decreased its position in shares of Markel Co. (NYSE:MKL) by 4.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,150 shares of the insurance provider’s stock after selling 388 shares during the period. Westwood Holdings Group Inc. owned about 0.06% of Markel worth $9,537,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in MKL. Aevitas Wealth Management Inc. purchased a new stake in Markel during the 4th quarter worth $108,000. SeaCrest Wealth Management LLC purchased a new stake in Markel during the 4th quarter worth $122,000. Homrich & Berg purchased a new stake in Markel during the 4th quarter worth $203,000. Atria Investments LLC purchased a new stake in Markel during the 1st quarter worth $207,000. Finally, Bridgeworth LLC purchased a new stake in Markel during the 1st quarter worth $215,000. 76.23% of the stock is currently owned by hedge funds and other institutional investors.

In related news, Vice Chairman Steven A. Markel sold 200 shares of the firm’s stock in a transaction on Thursday, March 29th. The shares were sold at an average price of $1,165.33, for a total value of $233,066.00. Following the completion of the transaction, the insider now directly owns 105,629 shares of the company’s stock, valued at $123,092,642.57. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Nora N. Crouch sold 90 shares of the firm’s stock in a transaction on Tuesday, May 22nd. The shares were sold at an average price of $1,151.58, for a total transaction of $103,642.20. Following the completion of the transaction, the insider now directly owns 2,577 shares of the company’s stock, valued at $2,967,621.66. The disclosure for this sale can be found here. Insiders sold 1,390 shares of company stock valued at $1,590,244 over the last three months. 2.46% of the stock is owned by company insiders.

Several equities research analysts recently issued reports on the stock. Zacks Investment Research downgraded shares of Markel from a “buy” rating to a “hold” rating in a research note on Friday, April 13th. ValuEngine raised shares of Markel from a “sell” rating to a “hold” rating in a research note on Monday, April 2nd. Boenning Scattergood set a $1,250.00 price target on shares of Markel and gave the stock a “buy” rating in a research note on Friday, April 27th. William Blair raised shares of Markel from a “market perform” rating to an “outperform” rating in a report on Monday, March 19th. Finally, Argus initiated coverage on shares of Markel in a report on Wednesday, April 11th. They set a “hold” rating for the company. Four analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $1,237.50.

Markel traded down $12.88, hitting $1,100.13, during mid-day trading on Monday, Marketbeat Ratings reports. 22,894 shares of the company were exchanged, compared to its average volume of 29,593. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.59 and a quick ratio of 0.59. The firm has a market cap of $15.46 billion, a P/E ratio of 303.90 and a beta of 0.89. Markel Co. has a twelve month low of $949.72 and a twelve month high of $1,194.98.

Markel (NYSE:MKL) last issued its quarterly earnings results on Tuesday, April 24th. The insurance provider reported $11.39 earnings per share for the quarter, topping the consensus estimate of $8.71 by $2.68. Markel had a net margin of 4.19% and a return on equity of 1.47%. The company had revenue of $1.70 billion during the quarter, compared to analysts’ expectations of $1.61 billion. sell-side analysts expect that Markel Co. will post 38.48 EPS for the current year.

Markel Profile

Markel Corporation, a diverse financial holding company, markets and underwrites specialty insurance products in the United States, the United Kingdom, Canada, and internationally. It operates through three segments: U.S. Insurance, International Insurance, and Reinsurance. The U.S. Insurance segment offers general and professional liability, property, personal line, program, and workers' compensation insurance products, as well as other insurance product lines, such as ocean marine, surety, CPI, and coverages.

Institutional Ownership by Quarter for Markel (NYSE:MKL)

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