Vident Investment Advisory LLC Invests $556,000 in Markel Co. (MKL)

Vident Investment Advisory LLC acquired a new stake in shares of Markel Co. (NYSE:MKL) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 521 shares of the insurance provider’s stock, valued at approximately $556,000.

Several other institutional investors have also added to or reduced their stakes in MKL. Sei Investments Co. boosted its position in shares of Markel by 43.0% during the second quarter. Sei Investments Co. now owns 329 shares of the insurance provider’s stock valued at $322,000 after buying an additional 99 shares during the last quarter. Teacher Retirement System of Texas purchased a new stake in shares of Markel during the second quarter valued at $1,397,000. State of Wisconsin Investment Board boosted its position in shares of Markel by 31.6% during the second quarter. State of Wisconsin Investment Board now owns 12,081 shares of the insurance provider’s stock valued at $11,789,000 after buying an additional 2,900 shares during the last quarter. Proficio Capital Partners LLC boosted its position in shares of Markel by 40.3% during the second quarter. Proficio Capital Partners LLC now owns 94 shares of the insurance provider’s stock valued at $101,000 after buying an additional 27 shares during the last quarter. Finally, Legal & General Group Plc boosted its position in shares of Markel by 5.8% during the second quarter. Legal & General Group Plc now owns 69,834 shares of the insurance provider’s stock valued at $68,143,000 after buying an additional 3,854 shares during the last quarter. 76.89% of the stock is currently owned by institutional investors.

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

Shares of Markel Co. (NYSE MKL) traded up $26.70 during trading hours on Friday, reaching $1,147.10. The company’s stock had a trading volume of 72,462 shares, compared to its average volume of 30,534. The stock has a market capitalization of $15,935.51, a PE ratio of 376.10 and a beta of 1.05. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.55 and a quick ratio of 0.55. Markel Co. has a fifty-two week low of $612.00 and a fifty-two week high of $1,147.70.

In other Markel news, Vice Chairman Steven A. Markel sold 200 shares of the firm’s stock in a transaction dated Thursday, September 28th. The stock was sold at an average price of $1,065.64, for a total value of $213,128.00. Following the transaction, the insider now directly owns 109,550 shares of the company’s stock, valued at $116,740,862. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Alan I. Kirshner sold 100 shares of the firm’s stock in a transaction dated Tuesday, October 3rd. The stock was sold at an average price of $1,077.70, for a total value of $107,770.00. The disclosure for this sale can be found here. Insiders sold 2,307 shares of company stock worth $2,510,338 over the last three months. Insiders own 2.53% of the company’s stock.

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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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