Markel Co. (MKL) Stake Increased by United Services Automobile Association

United Services Automobile Association lifted its stake in shares of Markel Co. (NYSE:MKL) by 2.1% in the 4th quarter, Holdings Channel reports. The institutional investor owned 2,251 shares of the insurance provider’s stock after acquiring an additional 46 shares during the quarter. United Services Automobile Association’s holdings in Markel were worth $2,337,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. CX Institutional purchased a new stake in shares of Markel during the 4th quarter worth approximately $31,000. Rockland Trust Co. purchased a new stake in Markel in the 4th quarter valued at $34,000. Lindbrook Capital LLC purchased a new stake in Markel in the 4th quarter valued at $45,000. We Are One Seven LLC purchased a new stake in Markel in the 4th quarter valued at $49,000. Finally, Paradigm Asset Management Co. LLC purchased a new stake in Markel in the 3rd quarter valued at $59,000. Institutional investors and hedge funds own 76.24% of the company’s stock.

MKL stock opened at $984.51 on Monday. Markel Co. has a 12 month low of $950.16 and a 12 month high of $1,228.32. The firm has a market capitalization of $13.66 billion, a P/E ratio of 47.95 and a beta of 0.86. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 0.33.



Markel (NYSE:MKL) last released its quarterly earnings results on Tuesday, February 5th. The insurance provider reported $2.27 EPS for the quarter, missing the consensus estimate of $3.31 by ($1.04). Markel had a negative net margin of 2.02% and a positive return on equity of 9.15%. The business had revenue of $1.89 billion during the quarter, compared to analysts’ expectations of $1.83 billion. On average, equities research analysts forecast that Markel Co. will post 39.04 earnings per share for the current fiscal year.

Several analysts recently commented on MKL shares. TheStreet downgraded shares of Markel from a “b” rating to a “c” rating in a research report on Wednesday, February 6th. Zacks Investment Research upgraded shares of Markel from a “hold” rating to a “buy” rating and set a $1,163.00 price target for the company in a research report on Wednesday, January 2nd. Three equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $1,231.50.

In other Markel news, CAO Nora N. Crouch sold 50 shares of the business’s stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $985.27, for a total value of $49,263.50. Following the transaction, the chief accounting officer now directly owns 2,413 shares of the company’s stock, valued at approximately $2,377,456.51. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Vice Chairman Steven A. Markel sold 100 shares of the business’s stock in a transaction on Thursday, December 27th. The shares were sold at an average price of $1,001.10, for a total transaction of $100,110.00. Following the completion of the transaction, the insider now directly owns 102,275 shares in the company, valued at $102,387,502.50. The disclosure for this sale can be found here. Insiders sold a total of 1,450 shares of company stock worth $1,481,996 over the last three months. 2.46% of the stock is currently owned by corporate insiders.

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About Markel

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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