Forsta AP Fonden lowered its holdings in shares of Markel Co. (NYSE:MKL) by 32.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,370 shares of the insurance provider’s stock after selling 1,120 shares during the quarter. Forsta AP Fonden’s holdings in Markel were worth $2,700,000 at the end of the most recent reporting period.
Several other large investors have also added to or reduced their stakes in MKL. Macquarie Group Ltd. grew its position in shares of Markel by 200.0% during the second quarter. Macquarie Group Ltd. now owns 300 shares of the insurance provider’s stock worth $293,000 after purchasing an additional 200 shares in the last quarter. Janus Henderson Group PLC boosted its stake in Markel by 712.3% during the second quarter. Janus Henderson Group PLC now owns 14,703 shares of the insurance provider’s stock valued at $14,347,000 after buying an additional 12,893 shares during the last quarter. The Manufacturers Life Insurance Company boosted its stake in Markel by 10.5% during the second quarter. The Manufacturers Life Insurance Company now owns 549 shares of the insurance provider’s stock valued at $535,000 after buying an additional 52 shares during the last quarter. WINTON GROUP Ltd bought a new position in Markel during the second quarter valued at approximately $206,000. Finally, Toronto Dominion Bank boosted its stake in Markel by 11.0% during the second quarter. Toronto Dominion Bank now owns 171 shares of the insurance provider’s stock valued at $167,000 after buying an additional 17 shares during the last quarter. Hedge funds and other institutional investors own 77.06% of the company’s stock.
A number of equities analysts recently commented on MKL shares. Zacks Investment Research raised Markel from a “hold” rating to a “buy” rating and set a $1,253.00 price target for the company in a research note on Friday, January 5th. Boenning Scattergood reissued a “buy” rating on shares of Markel in a research note on Thursday, October 26th. SunTrust Banks increased their price target on Markel to $1,200.00 and gave the company a “hold” rating in a research note on Thursday, February 8th. Finally, Royal Bank of Canada reissued a “hold” rating and set a $1,200.00 price target on shares of Markel in a research note on Thursday, February 8th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Markel has an average rating of “Hold” and a consensus price target of $1,172.00.
In related news, insider Alan I. Kirshner sold 100 shares of the stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $1,133.50, for a total transaction of $113,350.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Vice Chairman Steven A. Markel sold 200 shares of the firm’s stock in a transaction that occurred on Monday, November 27th. The shares were sold at an average price of $1,078.70, for a total value of $215,740.00. Following the completion of the sale, the insider now directly owns 108,761 shares of the company’s stock, valued at $117,320,490.70. The disclosure for this sale can be found here. Over the last three months, insiders have sold 2,638 shares of company stock valued at $2,911,118. 2.53% of the stock is owned by corporate insiders.
Markel Co. (NYSE:MKL) opened at $1,130.06 on Friday. Markel Co. has a one year low of $936.95 and a one year high of $1,157.30. The company has a market capitalization of $15,752.40, a P/E ratio of 1,953.35 and a beta of 0.95. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.55 and a current ratio of 0.55.
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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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