Security Asset Management reduced its position in Markel Co. (NYSE:MKL) by 0.5% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,911 shares of the insurance provider’s stock after selling 9 shares during the quarter. Security Asset Management’s holdings in Markel were worth $2,185,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. B & T Capital Management DBA Alpha Capital Management acquired a new stake in shares of Markel in the 3rd quarter worth $30,000. Prime Capital Investment Advisors LLC acquired a new stake in shares of Markel in the 3rd quarter worth $31,000. Wealthcare Advisory Partners LLC increased its stake in shares of Markel by 52.6% in the 3rd quarter. Wealthcare Advisory Partners LLC now owns 29 shares of the insurance provider’s stock worth $34,000 after acquiring an additional 10 shares during the last quarter. North Star Investment Management Corp. acquired a new stake in shares of Markel in the 3rd quarter worth $40,000. Finally, Meeder Asset Management Inc. increased its position in shares of Markel by 75.0% during the 3rd quarter. Meeder Asset Management Inc. now owns 35 shares of the insurance provider’s stock worth $41,000 after purchasing an additional 15 shares during the last quarter. 75.23% of the stock is owned by hedge funds and other institutional investors.
In related news, Vice Chairman Anthony F. Markel sold 78 shares of the firm’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $1,174.21, for a total transaction of $91,588.38. Following the completion of the transaction, the insider now directly owns 33,351 shares in the company, valued at approximately $39,161,077.71. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Vice Chairman Steven A. Markel sold 250 shares of the firm’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $1,125.00, for a total value of $281,250.00. Following the transaction, the insider now owns 89,633 shares of the company’s stock, valued at $100,837,125. The disclosure for this sale can be found here. Insiders have sold a total of 3,790 shares of company stock valued at $4,345,862 over the last 90 days. 2.34% of the stock is currently owned by company insiders.
A number of analysts recently issued reports on MKL shares. Royal Bank of Canada raised Markel from a “sector perform” rating to an “outperform” rating and raised their price objective for the stock from $1,250.00 to $1,325.00 in a research report on Thursday, December 5th. ValuEngine downgraded Markel from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the stock. Markel currently has a consensus rating of “Hold” and an average target price of $1,136.50.
Markel stock traded up $7.91 during midday trading on Friday, reaching $1,188.38. 30,692 shares of the stock traded hands, compared to its average volume of 33,160. The company has a 50-day simple moving average of $1,151.77 and a two-hundred day simple moving average of $1,142.76. Markel Co. has a 12-month low of $950.16 and a 12-month high of $1,216.47. The firm has a market cap of $16.31 billion, a PE ratio of 30.55 and a beta of 0.72. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.37.
Markel (NYSE:MKL) last announced its earnings results on Tuesday, October 29th. The insurance provider reported $13.95 EPS for the quarter, beating analysts’ consensus estimates of $7.55 by $6.40. Markel had a return on equity of 5.18% and a net margin of 6.75%. The company had revenue of $2 billion during the quarter, compared to analysts’ expectations of $2 billion. Equities research analysts anticipate that Markel Co. will post 40.25 earnings per share for the current year.
Markel Corporation, a diverse financial holding company, markets and underwrites specialty insurance products in the United States, the United Kingdom, Canada, and internationally. Its Insurance segment offers general and professional liability, property, personal lines, marine and energy, specialty programs, and workers' compensation insurance products.
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