Hsbc Holdings PLC Boosts Stake in Markel Co. (MKL)

Hsbc Holdings PLC raised its stake in Markel Co. (NYSE:MKL) by 16.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,470 shares of the insurance provider’s stock after acquiring an additional 620 shares during the quarter. Hsbc Holdings PLC’s holdings in Markel were worth $5,312,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Signaturefd LLC lifted its holdings in shares of Markel by 636.8% in the second quarter. Signaturefd LLC now owns 140 shares of the insurance provider’s stock worth $152,000 after acquiring an additional 121 shares during the last quarter. Elgethun Capital Management lifted its holdings in shares of Markel by 11.7% in the second quarter. Elgethun Capital Management now owns 1,111 shares of the insurance provider’s stock worth $1,206,000 after acquiring an additional 116 shares during the last quarter. Arizona State Retirement System lifted its holdings in shares of Markel by 12.9% in the second quarter. Arizona State Retirement System now owns 7,410 shares of the insurance provider’s stock worth $8,035,000 after acquiring an additional 846 shares during the last quarter. Macquarie Group Ltd. lifted its holdings in shares of Markel by 25.9% in the second quarter. Macquarie Group Ltd. now owns 340 shares of the insurance provider’s stock worth $369,000 after acquiring an additional 70 shares during the last quarter. Finally, Giverny Capital Inc. lifted its holdings in shares of Markel by 18.9% in the second quarter. Giverny Capital Inc. now owns 37,653 shares of the insurance provider’s stock worth $40,829,000 after acquiring an additional 5,987 shares during the last quarter. 75.61% of the stock is owned by hedge funds and other institutional investors.

A number of research analysts have recently commented on the stock. Boenning Scattergood set a $1,300.00 target price on shares of Markel and gave the stock a “buy” rating in a report on Wednesday, October 31st. ValuEngine cut shares of Markel from a “buy” rating to a “hold” rating in a report on Monday, October 22nd. Finally, Zacks Investment Research raised shares of Markel from a “hold” rating to a “strong-buy” rating and set a $1,361.00 target price for the company in a report on Monday, October 8th. Four equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $1,265.25.

In other Markel news, Director Lemuel E. Lewis acquired 250 shares of the company’s stock in a transaction that occurred on Thursday, November 15th. The stock was acquired at an average price of $1,096.50 per share, for a total transaction of $274,125.00. Following the acquisition, the director now directly owns 4,848 shares in the company, valued at $5,315,832. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Vice Chairman Anthony F. Markel sold 149 shares of the firm’s stock in a transaction that occurred on Monday, November 5th. The shares were sold at an average price of $1,090.00, for a total transaction of $162,410.00. The disclosure for this sale can be found here. 2.53% of the stock is owned by company insiders.

Shares of NYSE MKL opened at $1,048.23 on Friday. The company has a market capitalization of $15.94 billion, a P/E ratio of 17.26 and a beta of 1.01. Markel Co. has a 1 year low of $1,020.00 and a 1 year high of $1,228.32. 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 quarterly earnings data on Tuesday, October 30th. The insurance provider reported $28.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $7.05 by $21.45. The business had revenue of $1.81 billion during the quarter, compared to analyst estimates of $1.77 billion. Markel had a net margin of 14.03% and a return on equity of 9.72%. Analysts forecast that Markel Co. will post 29.49 earnings per share for the current fiscal year.

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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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Institutional Ownership by Quarter for Markel (NYSE:MKL)

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