Mycio Wealth Partners LLC Makes New Investment in Markel Co. (NYSE:MKL)

Mycio Wealth Partners LLC purchased a new position in Markel Co. (NYSE:MKL – Get Rating) during the 1st quarter, Holdings Channel reports. The firm purchased 146 shares of the insurance provider’s stock, valued at approximately $215,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of MKL. JFS Wealth Advisors LLC boosted its position in shares of Markel by 500.0% during the 1st quarter. JFS Wealth Advisors LLC now owns 18 shares of the insurance provider’s stock valued at $27,000 after acquiring an additional 15 shares in the last quarter. Riverview Trust Co acquired a new stake in shares of Markel during the 1st quarter valued at about $32,000. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in shares of Markel during the 1st quarter valued at about $32,000. CWM LLC acquired a new stake in shares of Markel during the 4th quarter valued at about $37,000. Finally, Covestor Ltd acquired a new stake in shares of Markel during the 4th quarter valued at about $37,000. 77.07% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. Truist Financial decreased their target price on shares of Markel from $1,500.00 to $1,300.00 and set a “hold” rating on the stock in a research report on Friday. William Blair reissued an “outperform” rating on shares of Markel in a report on Wednesday, April 27th. Finally, Royal Bank of Canada cut their price target on shares of Markel from $1,650.00 to $1,600.00 and set an “outperform” rating for the company in a report on Thursday. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $1,450.00.

Markel Trading Down 1.2 %

Shares of MKL stock opened at $1,167.94 on Friday. Markel Co. has a 12-month low of $1,165.18 and a 12-month high of $1,519.24. The company has a market capitalization of $15.79 billion, a P/E ratio of 663.61 and a beta of 0.70. The firm has a 50-day moving average price of $1,298.24 and a 200 day moving average price of $1,328.99. The company has a quick ratio of 0.66, a current ratio of 0.65 and a debt-to-equity ratio of 0.37.

Markel (NYSE:MKL – Get Rating) last announced its earnings results on Tuesday, August 2nd. The insurance provider reported $45.02 earnings per share for the quarter, topping analysts’ consensus estimates of $21.43 by $23.59. Markel had a net margin of 0.83% and a return on equity of 6.03%. During the same period in the prior year, the firm earned $19.14 earnings per share. Research analysts forecast that Markel Co. will post 71.93 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director A. Lynne Puckett bought 48 shares of the company’s stock in a transaction on Thursday, August 4th. The stock was bought at an average cost of $1,196.54 per share, with a total value of $57,433.92. Following the completion of the purchase, the director now owns 873 shares in the company, valued at approximately $1,044,579.42. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Markel news, Director Anthony F. Markel purchased 80 shares of the company’s stock in a transaction that occurred on Tuesday, May 10th. The stock was acquired at an average cost of $1,305.14 per share, with a total value of $104,411.20. Following the completion of the purchase, the director now directly owns 2,650 shares in the company, valued at approximately $3,458,621. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director A. Lynne Puckett purchased 48 shares of the company’s stock in a transaction that occurred on Thursday, August 4th. The shares were acquired at an average cost of $1,196.54 per share, with a total value of $57,433.92. Following the completion of the purchase, the director now owns 873 shares of the company’s stock, valued at $1,044,579.42. The disclosure for this purchase can be found here. Over the last three months, insiders purchased 228 shares of company stock valued at $287,268. Insiders own 1.74% of the company’s stock.

About Markel

(Get Rating)

Markel Corporation, a diverse financial holding company, markets and underwrites specialty insurance products in the United States, Bermuda, the United Kingdom, rest of Europe, Canada, the Asia Pacific, and the Middle East. Its Insurance segment offers general and professional liability, personal lines, marine and energy, specialty programs, and workers' compensation insurance products; and property coverages that include fire, allied lines, and other specialized property coverages, including catastrophe-exposed property risks, such as earthquake and wind.