BB&T Securities LLC raised its holdings in shares of Markel Co. (NYSE:MKL) by 45.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,388 shares of the insurance provider’s stock after acquiring an additional 742 shares during the quarter. BB&T Securities LLC’s holdings in Markel were worth $2,478,000 at the end of the most recent quarter.
Other hedge funds have also modified their holdings of the company. Alpha Omega Wealth Management LLC grew its holdings in shares of Markel by 2.0% during the fourth quarter. Alpha Omega Wealth Management LLC now owns 511 shares of the insurance provider’s stock worth $530,000 after buying an additional 10 shares in the last quarter. Security Asset Management boosted its holdings in shares of Markel by 0.5% in the fourth quarter. Security Asset Management now owns 1,897 shares of the insurance provider’s stock worth $1,969,000 after acquiring an additional 10 shares during the period. Benjamin F. Edwards & Company Inc. increased its holdings in shares of Markel by 17.6% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 100 shares of the insurance provider’s stock worth $104,000 after buying an additional 15 shares during the period. First Mercantile Trust Co. boosted its position in Markel by 26.0% during the 4th quarter. First Mercantile Trust Co. now owns 126 shares of the insurance provider’s stock valued at $131,000 after acquiring an additional 26 shares in the last quarter. Finally, CX Institutional purchased a new position in Markel in the 4th quarter worth approximately $31,000. Institutional investors own 75.51% of the company’s stock.
In other Markel news, insider Alan I. Kirshner sold 200 shares of the stock in a transaction that occurred on Wednesday, January 2nd. The shares were sold at an average price of $1,020.82, for a total value of $204,164.00. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Vice Chairman Steven A. Markel sold 100 shares of the stock in a transaction on Monday, December 17th. The stock was sold at an average price of $1,035.75, for a total transaction of $103,575.00. Following the sale, the insider now owns 102,405 shares of the company’s stock, valued at approximately $106,065,978.75. The disclosure for this sale can be found here. Insiders sold a total of 1,200 shares of company stock worth $1,238,956 over the last three months. 2.46% of the stock is currently owned by corporate insiders.
Markel stock opened at $1,016.87 on Thursday. The company has a market cap of $14.30 billion, a price-to-earnings ratio of 49.53 and a beta of 0.90. Markel Co. has a fifty-two week low of $954.39 and a fifty-two week high of $1,228.32. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.31.
Several equities research analysts have weighed in on the stock. ValuEngine downgraded shares of Markel from a “buy” rating to a “hold” rating in a research note on Monday, October 22nd. TheStreet downgraded shares of Markel from a “b” rating to a “c” rating in a report on Wednesday, February 6th. Boenning Scattergood set a $1,300.00 price target on shares of Markel and gave the stock a “buy” rating in a research note on Wednesday, October 31st. Finally, Zacks Investment Research upgraded shares of Markel from a “hold” rating to a “buy” rating and set a $1,163.00 price target on the stock in a research report on Wednesday, January 2nd. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Markel currently has an average rating of “Hold” and a consensus price target of $1,231.50.
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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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