Rathbone Brothers plc Raises Holdings in Markel Corporation (NYSE:MKL)

Rathbone Brothers plc lifted its stake in Markel Corporation (NYSE:MKL) by 38.9% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 357 shares of the insurance provider’s stock after acquiring an additional 100 shares during the quarter. Rathbone Brothers plc’s holdings in Markel Corporation were worth $381,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Proficio Capital Partners LLC lifted its holdings in Markel Corporation by 40.3% during the 2nd quarter. Proficio Capital Partners LLC now owns 94 shares of the insurance provider’s stock worth $101,000 after buying an additional 27 shares in the last quarter. Korea Investment CORP lifted its holdings in Markel Corporation by 138.9% during the 2nd quarter. Korea Investment CORP now owns 129 shares of the insurance provider’s stock worth $126,000 after buying an additional 75 shares in the last quarter. BDO Wealth Advisors LLC acquired a new stake in Markel Corporation during the 2nd quarter worth approximately $166,000. Toronto Dominion Bank lifted its holdings in Markel Corporation by 11.0% during the 2nd quarter. Toronto Dominion Bank now owns 171 shares of the insurance provider’s stock worth $167,000 after buying an additional 17 shares in the last quarter. Finally, Quantbot Technologies LP lifted its holdings in Markel Corporation by 775.0% during the 2nd quarter. Quantbot Technologies LP now owns 210 shares of the insurance provider’s stock worth $204,000 after buying an additional 186 shares in the last quarter. Hedge funds and other institutional investors own 76.59% of the company’s stock.

In related news, Vice Chairman Anthony F. Markel sold 169 shares of the stock in a transaction on Monday, October 30th. The shares were sold at an average price of $1,096.26, for a total value of $185,267.94. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Richard R. Whitt III sold 100 shares of the stock in a transaction on Monday, August 14th. The shares were sold at an average price of $1,045.10, for a total transaction of $104,510.00. Following the completion of the transaction, the chief executive officer now directly owns 12,039 shares in the company, valued at $12,581,958.90. The disclosure for this sale can be found here. Over the last three months, insiders sold 2,071 shares of company stock worth $2,194,558. Insiders own 2.53% of the company’s stock.

Shares of Markel Corporation (NYSE MKL) traded down $13.11 during trading hours on Friday, hitting $1,063.41. 24,700 shares of the company’s stock were exchanged, compared to its average volume of 30,839. Markel Corporation has a 52 week low of $856.98 and a 52 week high of $1,105.23. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.55 and a current ratio of 0.55. The stock has a market cap of $14,590.00, a P/E ratio of 352.96 and a beta of 1.05.

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MKL has been the topic of a number of research reports. Boenning Scattergood set a $1,050.00 target price on shares of Markel Corporation and gave the stock a “buy” rating in a report on Wednesday, July 26th. SunTrust Banks, Inc. reissued a “hold” rating and issued a $1,100.00 price objective on shares of Markel Corporation in a research report on Friday, October 27th. Royal Bank of Canada reissued a “hold” rating and issued a $1,050.00 price objective on shares of Markel Corporation in a research report on Tuesday, October 3rd. Zacks Investment Research downgraded shares of Markel Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, October 3rd. Finally, BidaskClub raised shares of Markel Corporation from a “hold” rating to a “buy” rating in a research report on Thursday, August 3rd. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $1,066.67.

About Markel Corporation

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.

Institutional Ownership by Quarter for Markel Corporation (NYSE:MKL)

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