Markel Co. (MKL) Stake Raised by Lido Advisors LLC

Lido Advisors LLC lifted its position in shares of Markel Co. (NYSE:MKL) by 27.1% in the 3rd quarter, Holdings Channel reports. The firm owned 1,171 shares of the insurance provider’s stock after purchasing an additional 250 shares during the period. Lido Advisors LLC’s holdings in Markel were worth $1,391,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Palo Capital Inc. purchased a new stake in shares of Markel during the 3rd quarter worth $120,000. Signaturefd LLC lifted its position in shares of Markel by 636.8% during the 2nd quarter. Signaturefd LLC now owns 140 shares of the insurance provider’s stock worth $152,000 after purchasing an additional 121 shares during the last quarter. Leavell Investment Management Inc. purchased a new stake in shares of Markel during the 3rd quarter worth $208,000. Whitener Capital Management Inc. purchased a new stake in shares of Markel during the 3rd quarter worth $216,000. Finally, Gilbert & Cook Inc. purchased a new stake in shares of Markel during the 3rd quarter worth $220,000. 75.61% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE:MKL opened at $1,136.46 on Thursday. Markel Co. has a 12 month low of $1,020.00 and a 12 month high of $1,228.32. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.31. The firm has a market cap of $15.78 billion, a P/E ratio of 313.94 and a beta of 1.01.



Markel (NYSE:MKL) last announced its quarterly earnings results on Tuesday, October 30th. The insurance provider reported $28.50 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $7.05 by $21.45. Markel had a net margin of 14.03% and a return on equity of 9.72%. The firm had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.77 billion. Equities analysts expect that Markel Co. will post 29.49 EPS for the current fiscal year.

Several research firms have recently issued reports on MKL. Zacks Investment Research raised shares of Markel from a “hold” rating to a “strong-buy” rating and set a $1,361.00 price objective for the company in a research report on Monday, October 8th. Boenning Scattergood set a $1,300.00 price target on shares of Markel and gave the stock a “buy” rating in a research note on Wednesday, October 31st. Finally, ValuEngine lowered shares of Markel from a “buy” rating to a “hold” rating in a research note on Monday, October 22nd. Four research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $1,265.25.

In related news, insider Alan I. Kirshner sold 100 shares of Markel stock in a transaction on Monday, October 1st. The shares were sold at an average price of $1,190.55, for a total transaction of $119,055.00. Following the sale, the insider now directly owns 23,650 shares in the company, valued at approximately $28,156,507.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Vice Chairman Anthony F. Markel sold 149 shares of Markel stock in a transaction on Monday, November 5th. The stock was sold at an average price of $1,090.00, for a total transaction of $162,410.00. The disclosure for this sale can be found here. 2.53% of the stock is owned by company insiders.

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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.

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Institutional Ownership by Quarter for Markel (NYSE:MKL)

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