Victory Capital Management Inc. lifted its stake in Markel Co. (NYSE:MKL) by 0.9% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 183,634 shares of the insurance provider’s stock after buying an additional 1,674 shares during the quarter. Victory Capital Management Inc. owned about 1.32% of Markel worth $190,622,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors also recently bought and sold shares of the company. CX Institutional purchased a new stake in Markel during the 4th quarter valued at about $31,000. Rockland Trust Co. purchased a new stake in Markel during the 4th quarter valued at about $34,000. We Are One Seven LLC purchased a new stake in Markel during the 4th quarter valued at about $49,000. Paradigm Asset Management Co. LLC purchased a new stake in Markel during the 3rd quarter valued at about $59,000. Finally, Parallel Advisors LLC grew its stake in Markel by 31.3% during the 4th quarter. Parallel Advisors LLC now owns 63 shares of the insurance provider’s stock valued at $65,000 after purchasing an additional 15 shares during the last quarter. 75.51% of the stock is currently owned by hedge funds and other institutional investors.
In related news, Director Lemuel E. Lewis bought 250 shares of the stock in a transaction dated Thursday, November 15th. The shares were purchased at an average price of $1,096.50 per share, for a total transaction of $274,125.00. Following the completion of the purchase, the director now directly owns 4,848 shares of the company’s stock, valued at $5,315,832. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Vice Chairman Steven A. Markel sold 100 shares of the company’s stock in a transaction dated Monday, February 4th. The stock was sold at an average price of $1,055.35, for a total value of $105,535.00. Following the completion of the sale, the insider now owns 101,713 shares in the company, valued at approximately $107,342,814.55. The disclosure for this sale can be found here. Insiders sold 1,100 shares of company stock worth $1,137,437 in the last 90 days. Company insiders own 2.46% of the company’s stock.
Shares of MKL traded up $9.82 during mid-day trading on Tuesday, reaching $1,029.96. The company had a trading volume of 9,324 shares, compared to its average volume of 39,493. Markel Co. has a 52-week low of $954.39 and a 52-week high of $1,228.32. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.31. The company has a market capitalization of $14.26 billion, a price-to-earnings ratio of 50.17 and a beta of 0.90.
MKL has been the topic of several research analyst reports. Zacks Investment Research downgraded Markel from a “buy” rating to a “hold” rating in a research note on Tuesday, January 15th. Boenning Scattergood set a $1,300.00 price target on Markel and gave the company a “buy” rating in a research note on Wednesday, October 31st. TheStreet downgraded Markel from a “b” rating to a “c” rating in a research note on Wednesday, February 6th. Finally, ValuEngine downgraded Markel from a “buy” rating to a “hold” rating in a research note on Monday, October 22nd. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $1,231.50.
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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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