ACG Wealth Purchases Shares of 3,031 Markel Co. (MKL)

ACG Wealth bought a new position in Markel Co. (NYSE:MKL) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 3,031 shares of the insurance provider’s stock, valued at approximately $3,453,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Keybank National Association OH raised its holdings in shares of Markel by 29.7% in the 4th quarter. Keybank National Association OH now owns 1,080 shares of the insurance provider’s stock worth $1,230,000 after purchasing an additional 247 shares in the last quarter. Hosking Partners LLP raised its holdings in shares of Markel by 7.2% in the 4th quarter. Hosking Partners LLP now owns 17,609 shares of the insurance provider’s stock worth $20,059,000 after purchasing an additional 1,186 shares in the last quarter. Mar Vista Investment Partners LLC raised its holdings in shares of Markel by 15.9% in the 4th quarter. Mar Vista Investment Partners LLC now owns 133,921 shares of the insurance provider’s stock worth $152,553,000 after purchasing an additional 18,326 shares in the last quarter. Swiss National Bank raised its holdings in shares of Markel by 1.6% in the 4th quarter. Swiss National Bank now owns 83,890 shares of the insurance provider’s stock worth $95,562,000 after purchasing an additional 1,300 shares in the last quarter. Finally, California Public Employees Retirement System raised its holdings in shares of Markel by 8.3% in the 4th quarter. California Public Employees Retirement System now owns 31,866 shares of the insurance provider’s stock worth $36,300,000 after purchasing an additional 2,432 shares in the last quarter. Institutional investors and hedge funds own 77.06% of the company’s stock.

In related news, Vice Chairman Steven A. Markel sold 200 shares of the business’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $1,143.47, for a total transaction of $228,694.00. Following the transaction, the insider now directly owns 106,360 shares of the company’s stock, valued at $121,619,469.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Alan I. Kirshner sold 100 shares of the business’s stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $1,133.50, for a total transaction of $113,350.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 2,438 shares of company stock worth $2,691,350. 2.53% of the stock is currently owned by insiders.

MKL has been the topic of several analyst reports. Boenning Scattergood reissued a “buy” rating on shares of Markel in a research report on Thursday, October 26th. SunTrust Banks reissued a “hold” rating and issued a $1,100.00 target price on shares of Markel in a research report on Friday, October 27th. Zacks Investment Research raised shares of Markel from a “hold” rating to a “buy” rating and set a $1,253.00 target price on the stock in a research report on Friday, January 5th. Finally, Royal Bank of Canada reissued a “hold” rating and issued a $1,200.00 target price on shares of Markel in a research report on Thursday, February 8th. Four 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 $1,172.00.

Markel Co. (MKL) opened at $1,097.52 on Wednesday. The firm has a market cap of $15,260.00, a P/E ratio of 42.57 and a beta of 0.95. The company has a quick ratio of 0.55, a current ratio of 0.55 and a debt-to-equity ratio of 0.28. Markel Co. has a 1 year low of $936.95 and a 1 year high of $1,157.30.

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Markel 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.

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Institutional Ownership by Quarter for Markel (NYSE:MKL)

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