Gulf International Bank UK Ltd grew its holdings in Markel Co. (NYSE:MKL) by 16.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,909 shares of the insurance provider’s stock after purchasing an additional 710 shares during the quarter. Gulf International Bank UK Ltd’s holdings in Markel were worth $5,834,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors have also made changes to their positions in the company. First Mercantile Trust Co. acquired a new position in shares of Markel in the 2nd quarter valued at about $109,000. Palo Capital Inc. acquired a new position in shares of Markel in the 3rd quarter valued at about $120,000. Signaturefd LLC lifted its stake in shares of Markel by 636.8% in the 2nd quarter. Signaturefd LLC now owns 140 shares of the insurance provider’s stock valued at $152,000 after purchasing an additional 121 shares during the period. Leavell Investment Management Inc. acquired a new position in shares of Markel in the 3rd quarter valued at about $208,000. Finally, Nwam LLC acquired a new position in shares of Markel in the 3rd quarter valued at about $221,000. 75.83% of the stock is currently owned by institutional investors.
Shares of Markel stock opened at $1,121.99 on Friday. Markel Co. has a one year low of $1,020.00 and a one year high of $1,228.32. The stock has a market capitalization of $15.36 billion, a P/E ratio of 309.94 and a beta of 1.01. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.59 and a quick ratio of 0.59.
Markel (NYSE:MKL) last issued its earnings results on Tuesday, October 30th. The insurance provider reported $28.50 EPS for the quarter, beating analysts’ consensus estimates of $7.05 by $21.45. Markel had a return on equity of 9.72% and a net margin of 14.03%. The business had revenue of $1.81 billion during the quarter, compared to analyst estimates of $1.77 billion. Analysts expect that Markel Co. will post 29.49 EPS for the current fiscal year.
A number of research analysts have recently issued reports on the company. Zacks Investment Research downgraded Markel from a “hold” rating to a “sell” rating in a research note on Tuesday, July 24th. ValuEngine lowered Markel from a “buy” rating to a “hold” rating in a research report on Monday, October 22nd. Finally, Boenning Scattergood reaffirmed a “buy” rating on shares of Markel in a research report on Wednesday, August 1st. Four analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. Markel currently has a consensus rating of “Buy” and a consensus target price of $1,265.25.
In other Markel news, CEO Richard R. Whitt III sold 500 shares of the business’s stock in a transaction that occurred on Wednesday, September 5th. The stock was sold at an average price of $1,202.80, for a total transaction of $601,400.00. Following the completion of the sale, the chief executive officer now directly owns 10,444 shares of the company’s stock, valued at approximately $12,562,043.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Vice Chairman Steven A. Markel sold 200 shares of the business’s stock in a transaction that occurred on Thursday, August 16th. The stock was sold at an average price of $1,197.20, for a total value of $239,440.00. Following the sale, the insider now directly owns 103,650 shares of the company’s stock, valued at $124,089,780. The disclosure for this sale can be found here. Insiders sold a total of 1,149 shares of company stock valued at $1,362,085 over the last ninety days. 2.53% of the stock is currently owned by corporate insiders.
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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. 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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