DekaBank Deutsche Girozentrale reduced its holdings in Markel Co. (NYSE:MKL) by 19.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 998 shares of the insurance provider’s stock after selling 243 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Markel were worth $1,118,000 at the end of the most recent quarter.
A number of other hedge funds have also modified their holdings of MKL. Amundi Pioneer Asset Management Inc. boosted its stake in shares of Markel by 0.6% in the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 9,658 shares of the insurance provider’s stock valued at $9,622,000 after purchasing an additional 56 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in shares of Markel by 16.3% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 894 shares of the insurance provider’s stock valued at $1,056,000 after purchasing an additional 125 shares in the last quarter. Assenagon Asset Management S.A. acquired a new stake in shares of Markel in the 3rd quarter valued at $382,000. Signaturefd LLC boosted its stake in shares of Markel by 20.7% in the 3rd quarter. Signaturefd LLC now owns 105 shares of the insurance provider’s stock valued at $124,000 after purchasing an additional 18 shares in the last quarter. Finally, Wealthcare Advisory Partners LLC boosted 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 valued at $34,000 after purchasing an additional 10 shares in the last quarter. Institutional investors and hedge funds own 75.66% of the company’s stock.
Several equities research analysts have recently commented on the stock. Royal Bank of Canada upgraded shares of Markel from a “sector perform” rating to an “outperform” rating and boosted their target price for the company from $1,250.00 to $1,325.00 in a research note on Thursday, December 5th. ValuEngine downgraded shares of Markel from a “hold” rating to a “sell” rating in a research note on Thursday. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. Markel presently has an average rating of “Hold” and an average price target of $1,136.50.
In other Markel news, Vice Chairman Steven A. Markel sold 250 shares of the business’s stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $1,125.00, for a total transaction of $281,250.00. Following the completion of the sale, the insider now directly owns 89,633 shares of the company’s stock, valued at approximately $100,837,125. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Vice Chairman Steven A. Markel sold 249 shares of the business’s stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $1,125.00, for a total value of $280,125.00. Following the sale, the insider now directly owns 89,383 shares of the company’s stock, valued at $100,555,875. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,650 shares of company stock worth $1,871,099. 2.34% of the stock is owned by corporate insiders.
Shares of NYSE MKL opened at $1,323.64 on Friday. The firm’s 50-day simple moving average is $1,194.87 and its 200 day simple moving average is $1,156.71. The company has a market cap of $18.23 billion, a price-to-earnings ratio of 31.72 and a beta of 0.73. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.37. Markel Co. has a 12-month low of $950.16 and a 12-month high of $1,325.23.
Markel (NYSE:MKL) last issued its quarterly earnings results on Tuesday, February 4th. The insurance provider reported $36.26 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $7.07 by $29.19. The business had revenue of $2.05 billion for the quarter, compared to the consensus estimate of $2.07 billion. Markel had a net margin of 18.81% and a return on equity of 5.61%. On average, equities analysts expect that Markel Co. will post 39.76 earnings per share for the current year.
Markel Company Profile
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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