Adalta Capital Management LLC cut its stake in Markel Co. (NYSE:MKL) by 3.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,387 shares of the insurance provider’s stock after selling 110 shares during the quarter. Markel makes up 2.9% of Adalta Capital Management LLC’s portfolio, making the stock its 11th biggest holding. Adalta Capital Management LLC’s holdings in Markel were worth $3,858,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors also recently bought and sold shares of MKL. Captrust Financial Advisors acquired a new position in Markel during the fourth quarter worth $9,462,000. California State Teachers Retirement System increased its position in Markel by 1.1% during the fourth quarter. California State Teachers Retirement System now owns 24,066 shares of the insurance provider’s stock worth $27,414,000 after buying an additional 259 shares during the last quarter. Two Sigma Securities LLC acquired a new position in Markel during the fourth quarter worth $478,000. Brandywine Global Investment Management LLC increased its position in Markel by 4.2% during the fourth quarter. Brandywine Global Investment Management LLC now owns 13,059 shares of the insurance provider’s stock worth $14,876,000 after buying an additional 521 shares during the last quarter. Finally, Advisor Group Inc. increased its position in Markel by 22.1% during the fourth quarter. Advisor Group Inc. now owns 2,125 shares of the insurance provider’s stock worth $2,424,000 after buying an additional 385 shares during the last quarter. 78.13% of the stock is currently owned by institutional investors and hedge funds.
Shares of Markel Co. (NYSE:MKL) opened at $1,139.61 on Tuesday. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.33. Markel Co. has a fifty-two week low of $936.95 and a fifty-two week high of $1,157.30. The stock has a market cap of $15,840.00, a PE ratio of 814.01 and a beta of 0.95.
In other Markel news, Vice Chairman Steven A. Markel sold 200 shares of the company’s stock in a transaction dated Thursday, December 21st. The shares were sold at an average price of $1,132.73, for a total transaction of $226,546.00. Following the completion of the sale, the insider now directly owns 107,210 shares in the company, valued at $121,439,983.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Michael Jay Schewel purchased 225 shares of the firm’s stock in a transaction on Friday, February 23rd. The shares were purchased at an average price of $1,114.90 per share, with a total value of $250,852.50. Following the completion of the acquisition, the director now directly owns 5,990 shares of the company’s stock, valued at $6,678,251. The disclosure for this purchase can be found here. Insiders have sold 1,800 shares of company stock valued at $1,999,650 over the last 90 days. Corporate insiders own 2.53% of the company’s stock.
Several equities analysts have commented on MKL shares. Zacks Investment Research raised shares of Markel from a “hold” rating to a “buy” rating and set a $1,253.00 target price on the stock in a research report on Friday, January 5th. Royal Bank of Canada reissued a “hold” rating and set a $1,200.00 target price on shares of Markel in a research report on Thursday, February 8th. SunTrust Banks increased their target price on shares of Markel to $1,200.00 and gave the stock a “hold” rating in a research report on Thursday, February 8th. Finally, ValuEngine downgraded shares of Markel from a “hold” rating to a “sell” rating in a research report on Thursday, March 1st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $1,172.00.
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Markel Corporation is a financial holding company serving a range of markets. The Company’s principal business markets and underwrites specialty insurance products. It monitors and reports its ongoing underwriting operations in three segments: U.S. Insurance, International Insurance and Reinsurance. The Company, through its subsidiary Markel Ventures, Inc (Markel Ventures), owns interests in various industrial and service businesses that operate outside of the specialty insurance marketplace.
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