Markel Co. (NYSE:MKL) Shares Bought by PYA Waltman Capital LLC

PYA Waltman Capital LLC lifted its holdings in shares of Markel Co. (NYSE:MKLGet Rating) by 7.2% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,057 shares of the insurance provider’s stock after buying an additional 672 shares during the period. Markel comprises 7.3% of PYA Waltman Capital LLC’s holdings, making the stock its 2nd largest position. PYA Waltman Capital LLC owned approximately 0.07% of Markel worth $14,836,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Mycio Wealth Partners LLC bought a new stake in shares of Markel during the 1st quarter valued at $215,000. Banco Santander S.A. lifted its position in shares of Markel by 7.3% during the 1st quarter. Banco Santander S.A. now owns 3,835 shares of the insurance provider’s stock worth $5,658,000 after buying an additional 260 shares during the last quarter. Lincoln National Corp lifted its position in shares of Markel by 24.7% during the 1st quarter. Lincoln National Corp now owns 217 shares of the insurance provider’s stock worth $320,000 after buying an additional 43 shares during the last quarter. Brown Advisory Inc. lifted its position in shares of Markel by 34.2% during the 1st quarter. Brown Advisory Inc. now owns 6,686 shares of the insurance provider’s stock worth $9,202,000 after buying an additional 1,704 shares during the last quarter. Finally, Los Angeles Capital Management LLC lifted its position in shares of Markel by 3.9% during the 1st quarter. Los Angeles Capital Management LLC now owns 14,907 shares of the insurance provider’s stock worth $21,991,000 after buying an additional 561 shares during the last quarter. 77.07% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have commented on MKL shares. Truist Financial dropped their target price on Markel from $1,500.00 to $1,300.00 and set a “hold” rating for the company in a research report on Friday. William Blair reissued an “outperform” rating on shares of Markel in a research note on Wednesday, April 27th. Finally, Royal Bank of Canada decreased their price target on Markel from $1,650.00 to $1,600.00 and set an “outperform” rating for the company in a research note on Thursday. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, Markel presently has an average rating of “Hold” and an average target price of $1,450.00.

Markel Stock Performance

Shares of MKL opened at $1,167.94 on Friday. The firm has a market cap of $15.79 billion, a PE ratio of 663.61 and a beta of 0.70. The stock’s fifty day moving average price is $1,298.24 and its two-hundred day moving average price is $1,328.99. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.65 and a quick ratio of 0.66. Markel Co. has a 1 year low of $1,165.18 and a 1 year high of $1,519.24.

Markel (NYSE:MKLGet Rating) last announced its quarterly earnings results on Tuesday, August 2nd. The insurance provider reported $45.02 earnings per share for the quarter, beating the consensus estimate of $21.43 by $23.59. Markel had a return on equity of 6.03% and a net margin of 0.83%. During the same period in the previous year, the firm earned $19.14 earnings per share. On average, equities research analysts forecast that Markel Co. will post 71.93 EPS for the current year.

Insider Buying and Selling

In other news, CEO Thomas Sinnickson Gayner purchased 50 shares of the company’s stock in a transaction on Monday, May 9th. The stock was purchased at an average price of $1,306.00 per share, with a total value of $65,300.00. Following the completion of the purchase, the chief executive officer now directly owns 42,027 shares in the company, valued at approximately $54,887,262. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, Director A. Lynne Puckett purchased 48 shares of the company’s stock in a transaction on Thursday, August 4th. The stock was purchased at an average price of $1,196.54 per share, with a total value of $57,433.92. Following the completion of the purchase, the director now directly owns 873 shares in the company, valued at approximately $1,044,579.42. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Thomas Sinnickson Gayner purchased 50 shares of the company’s stock in a transaction on Monday, May 9th. The shares were purchased at an average cost of $1,306.00 per share, with a total value of $65,300.00. Following the purchase, the chief executive officer now owns 42,027 shares of the company’s stock, valued at $54,887,262. The disclosure for this purchase can be found here. Insiders acquired a total of 228 shares of company stock worth $287,268 over the last ninety days. 1.74% of the stock is owned by corporate insiders.

About Markel

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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.

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Institutional Ownership by Quarter for Markel (NYSE:MKL)

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