Markel Co. (NYSE:MKL) is Taylor Hoffman Wealth Management’s 10th Largest Position

Taylor Hoffman Wealth Management lifted its position in Markel Co. (NYSE:MKL) by 4.2% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,172 shares of the insurance provider’s stock after purchasing an additional 88 shares during the period. Markel comprises 1.8% of Taylor Hoffman Wealth Management’s portfolio, making the stock its 10th largest holding. Taylor Hoffman Wealth Management’s holdings in Markel were worth $2,567,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Vestmark Advisory Solutions Inc. lifted its position in shares of Markel by 1.9% during the 2nd quarter. Vestmark Advisory Solutions Inc. now owns 476 shares of the insurance provider’s stock worth $519,000 after buying an additional 9 shares in the last quarter. Atria Investments LLC raised its holdings in shares of Markel by 3.5% in the second quarter. Atria Investments LLC now owns 263 shares of the insurance provider’s stock worth $300,000 after buying an additional 9 shares during the last quarter. Comerica Bank raised its holdings in shares of Markel by 1.9% in the third quarter. Comerica Bank now owns 488 shares of the insurance provider’s stock worth $544,000 after buying an additional 9 shares during the last quarter. BB&T Corp raised its holdings in shares of Markel by 3.0% in the second quarter. BB&T Corp now owns 338 shares of the insurance provider’s stock worth $369,000 after buying an additional 10 shares during the last quarter. Finally, Allianz Asset Management GmbH raised its holdings in shares of Markel by 1.6% in the second quarter. Allianz Asset Management GmbH now owns 623 shares of the insurance provider’s stock worth $679,000 after buying an additional 10 shares during the last quarter. 75.31% of the stock is owned by hedge funds and other institutional investors.

Separately, ValuEngine cut shares of Markel from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the stock. Markel has a consensus rating of “Hold” and a consensus target price of $1,073.67.

In related news, Chairman Alan I. Kirshner sold 200 shares of the business’s stock in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of $1,151.92, for a total transaction of $230,384.00. Following the transaction, the chairman now directly owns 21,585 shares in the company, valued at $24,864,193.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Vice Chairman Steven A. Markel sold 310 shares of the business’s stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $1,125.08, for a total transaction of $348,774.80. Following the transaction, the insider now owns 91,387 shares in the company, valued at $102,817,685.96. The disclosure for this sale can be found here. In the last three months, insiders have sold 4,278 shares of company stock valued at $4,969,137. 2.34% of the stock is currently owned by corporate insiders.

Shares of Markel stock traded down $9.08 during trading on Friday, hitting $1,165.42. 20,578 shares of the company’s stock were exchanged, compared to its average volume of 41,685. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.60 and a current ratio of 0.60. The business has a 50-day simple moving average of $1,158.09 and a 200-day simple moving average of $1,113.65. Markel Co. has a 52-week low of $950.16 and a 52-week high of $1,216.47. The stock has a market capitalization of $16.15 billion, a price-to-earnings ratio of 56.77 and a beta of 0.75.

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. 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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