Vestmark Advisory Solutions Inc. Purchases 9 Shares of Markel Co. (NYSE:MKL)

Vestmark Advisory Solutions Inc. lifted its position in Markel Co. (NYSE:MKL) by 1.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 476 shares of the insurance provider’s stock after acquiring an additional 9 shares during the quarter. Vestmark Advisory Solutions Inc.’s holdings in Markel were worth $519,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of MKL. Comerica Bank grew its stake in shares of Markel by 2.6% in the 1st quarter. Comerica Bank now owns 482 shares of the insurance provider’s stock worth $472,000 after acquiring an additional 12 shares in the last quarter. Cambridge Investment Research Advisors Inc. grew its stake in shares of Markel by 7.5% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 1,078 shares of the insurance provider’s stock worth $1,074,000 after acquiring an additional 75 shares in the last quarter. Advisor Group Inc. grew its stake in shares of Markel by 2.2% in the 1st quarter. Advisor Group Inc. now owns 1,357 shares of the insurance provider’s stock worth $1,355,000 after acquiring an additional 29 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in shares of Markel by 4.6% in the 1st quarter. PNC Financial Services Group Inc. now owns 9,213 shares of the insurance provider’s stock worth $9,178,000 after acquiring an additional 401 shares in the last quarter. Finally, Wells Fargo & Company MN grew its stake in shares of Markel by 10.8% in the 1st quarter. Wells Fargo & Company MN now owns 60,107 shares of the insurance provider’s stock worth $59,881,000 after acquiring an additional 5,863 shares in the last quarter. Hedge funds and other institutional investors own 75.36% of the company’s stock.

Several research firms have recently issued reports on MKL. Boenning Scattergood reiterated an “outperform” rating on shares of Markel in a research note on Monday, July 1st. ValuEngine lowered shares of Markel from a “buy” rating to a “hold” rating in a research note on Wednesday. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company’s stock. Markel presently has a consensus rating of “Hold” and a consensus price target of $1,130.25.

In related news, Vice Chairman Anthony F. Markel sold 41 shares of the business’s stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $1,118.24, for a total value of $45,847.84. Following the transaction, the insider now directly owns 99,338 shares of the company’s stock, valued at approximately $111,083,725.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Vice Chairman Steven A. Markel sold 2,955 shares of the business’s stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of $1,111.37, for a total transaction of $3,284,098.35. Following the completion of the transaction, the insider now directly owns 98,132 shares in the company, valued at $109,060,960.84. The disclosure for this sale can be found here. Insiders sold a total of 5,814 shares of company stock worth $6,572,188 over the last three months. 2.34% of the stock is owned by insiders.

Shares of NYSE:MKL traded up $7.92 during midday trading on Thursday, reaching $1,160.10. The company had a trading volume of 16,351 shares, compared to its average volume of 31,458. The company’s 50 day moving average price is $1,159.46 and its 200 day moving average price is $1,084.80. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.35. The stock has a market cap of $15.99 billion, a P/E ratio of 56.51 and a beta of 0.77. Markel Co. has a 52-week low of $950.16 and a 52-week high of $1,216.47.

Markel (NYSE:MKL) last issued its quarterly earnings results on Tuesday, July 30th. The insurance provider reported $11.84 earnings per share for the quarter. The company had revenue of $2.01 billion for the quarter. Markel had a net margin of 9.07% and a return on equity of 7.38%. Research analysts forecast that Markel Co. will post 37.15 EPS for the current fiscal 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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Institutional Ownership by Quarter for Markel (NYSE:MKL)

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