Bessemer Group Inc. boosted its position in shares of Markel Co. (NYSE:MKL) by 1.3% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 179,515 shares of the insurance provider’s stock after acquiring an additional 2,314 shares during the quarter. Bessemer Group Inc. owned about 1.29% of Markel worth $204,491,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently modified their holdings of MKL. Archford Capital Strategies LLC lifted its holdings in shares of Markel by 34,592.5% in the 2nd quarter. Archford Capital Strategies LLC now owns 13,877 shares of the insurance provider’s stock valued at $204,000 after buying an additional 13,837 shares during the period. Janus Henderson Group PLC increased its stake in Markel by 712.3% during the 2nd quarter. Janus Henderson Group PLC now owns 14,703 shares of the insurance provider’s stock worth $14,347,000 after buying an additional 12,893 shares in the last quarter. Victory Capital Management Inc. increased its stake in Markel by 6.3% during the 3rd quarter. Victory Capital Management Inc. now owns 162,418 shares of the insurance provider’s stock worth $173,459,000 after buying an additional 9,661 shares in the last quarter. Bares Capital Management Inc. increased its stake in Markel by 6.8% during the 3rd quarter. Bares Capital Management Inc. now owns 125,152 shares of the insurance provider’s stock worth $133,660,000 after buying an additional 7,964 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its stake in Markel by 12.8% during the 2nd quarter. Goldman Sachs Group Inc. now owns 67,291 shares of the insurance provider’s stock worth $65,666,000 after buying an additional 7,658 shares in the last quarter. 77.06% of the stock is owned by institutional investors.
In related news, Vice Chairman Steven A. Markel sold 200 shares of the company’s stock in a transaction that occurred on Monday, November 27th. The stock was sold at an average price of $1,078.70, for a total value of $215,740.00. Following the transaction, the insider now directly owns 108,761 shares in the company, valued at $117,320,490.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Richard R. Whitt III sold 300 shares of the company’s stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $1,060.02, for a total value of $318,006.00. Following the completion of the transaction, the chief executive officer now owns 9,652 shares in the company, valued at $10,231,313.04. The disclosure for this sale can be found here. Insiders sold 2,438 shares of company stock valued at $2,691,350 over the last 90 days. Company insiders own 2.53% of the company’s stock.
Several equities research analysts have commented on MKL shares. Zacks Investment Research upgraded Markel from a “hold” rating to a “buy” rating and set a $1,253.00 price objective for the company in a research note on Friday, January 5th. Royal Bank of Canada reiterated a “hold” rating and set a $1,200.00 price objective on shares of Markel in a research note on Thursday, February 8th. SunTrust Banks reiterated a “hold” rating and set a $1,100.00 price objective on shares of Markel in a research note on Friday, October 27th. Finally, Boenning Scattergood restated 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 stock. Markel presently has a consensus rating of “Hold” and a consensus price target of $1,172.00.
Markel Co. (NYSE MKL) traded up $19.57 during mid-day trading on Wednesday, hitting $1,117.09. The stock had a trading volume of 10,942 shares, compared to its average volume of 41,246. 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 stock has a market capitalization of $15,132.00, a price-to-earnings ratio of 43.24 and a beta of 0.95. Markel Co. has a 1-year low of $936.95 and a 1-year high of $1,157.30.
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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.
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