Bares Capital Management Inc. Increases Position in Markel Co. (MKL)

Bares Capital Management Inc. lifted its stake in shares of Markel Co. (NYSE:MKL) by 6.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 125,152 shares of the insurance provider’s stock after purchasing an additional 7,964 shares during the quarter. Markel accounts for about 6.0% of Bares Capital Management Inc.’s portfolio, making the stock its 8th largest position. Bares Capital Management Inc. owned about 0.90% of Markel worth $133,660,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently made changes to their positions in MKL. Vanguard Group Inc. grew its holdings in shares of Markel by 2.6% during the 2nd quarter. Vanguard Group Inc. now owns 1,129,189 shares of the insurance provider’s stock valued at $1,101,931,000 after purchasing an additional 28,104 shares during the last quarter. Principal Financial Group Inc. grew its holdings in shares of Markel by 3.7% during the 2nd quarter. Principal Financial Group Inc. now owns 659,167 shares of the insurance provider’s stock valued at $643,254,000 after purchasing an additional 23,417 shares during the last quarter. Victory Capital Management Inc. grew its holdings in shares of Markel by 14.9% during the 2nd quarter. Victory Capital Management Inc. now owns 152,757 shares of the insurance provider’s stock valued at $149,069,000 after purchasing an additional 19,799 shares during the last quarter. Archford Capital Strategies LLC grew its holdings in shares of Markel by 34,592.5% during the 2nd quarter. Archford Capital Strategies LLC now owns 13,877 shares of the insurance provider’s stock valued at $204,000 after purchasing an additional 13,837 shares during the last quarter. Finally, Janus Henderson Group PLC grew its holdings in shares of Markel by 712.3% during the 2nd quarter. Janus Henderson Group PLC now owns 14,703 shares of the insurance provider’s stock valued at $14,347,000 after purchasing an additional 12,893 shares during the last quarter. 76.89% of the stock is currently owned by institutional investors.

Markel Co. (MKL) traded up $3.23 on Wednesday, reaching $1,121.69. 28,400 shares of the company’s stock were exchanged, compared to its average volume of 6,839. Markel Co. has a 52-week low of $612.00 and a 52-week high of $1,124.48. The company has a quick ratio of 0.55, a current ratio of 0.55 and a debt-to-equity ratio of 0.28. The company has a market cap of $15,537.53, a price-to-earnings ratio of 366.71 and a beta of 1.05.

In other news, Vice Chairman Steven A. Markel sold 200 shares of the company’s stock in a transaction on Thursday, December 7th. The shares were sold at an average price of $1,100.58, for a total value of $220,116.00. Following the sale, the insider now directly owns 108,530 shares of the company’s stock, valued at approximately $119,445,947.40. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Vice Chairman Anthony F. Markel sold 169 shares of the company’s stock in a transaction on Monday, October 30th. The shares were sold at an average price of $1,096.26, for a total transaction of $185,267.94. The disclosure for this sale can be found here. Insiders have sold a total of 2,307 shares of company stock worth $2,510,338 over the last three months. Insiders own 2.53% of the company’s stock.

Several equities research analysts recently issued reports on MKL shares. Royal Bank of Canada reaffirmed a “hold” rating and set a $1,050.00 price target on shares of Markel in a report on Tuesday, October 3rd. Zacks Investment Research lowered shares of Markel from a “buy” rating to a “hold” rating in a report on Tuesday, October 3rd. SunTrust Banks reissued a “hold” rating and set a $1,100.00 target price on shares of Markel in a report on Friday, October 27th. Finally, Boenning Scattergood reissued a “buy” rating on shares of Markel in a report on Thursday, October 26th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $1,066.67.

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Markel Company Profile

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 (NYSE:MKL)

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