Caisse DE Depot ET Placement DU Quebec lifted its position in shares of Markel Co. (NYSE:MKL) by 40.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,800 shares of the insurance provider’s stock after purchasing an additional 520 shares during the period. Caisse DE Depot ET Placement DU Quebec’s holdings in Markel were worth $2,050,000 at the end of the most recent quarter.
Other institutional investors have also recently added to or reduced their stakes in the company. Aevitas Wealth Management Inc. acquired a new position in shares of Markel during the 4th quarter worth about $108,000. First Personal Financial Services increased its stake in shares of Markel by 156.1% during the 4th quarter. First Personal Financial Services now owns 105 shares of the insurance provider’s stock worth $120,000 after purchasing an additional 64 shares during the last quarter. SeaCrest Wealth Management LLC acquired a new position in shares of Markel during the 4th quarter worth about $122,000. Simplex Trading LLC increased its stake in shares of Markel by 169.1% during the 4th quarter. Simplex Trading LLC now owns 148 shares of the insurance provider’s stock worth $168,000 after purchasing an additional 93 shares during the last quarter. Finally, Cigna Investments Inc. New acquired a new position in shares of Markel during the 4th quarter worth about $201,000. Institutional investors own 78.13% of the company’s stock.
In related news, insider Alan I. Kirshner sold 100 shares of the company’s stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $1,133.50, for a total value of $113,350.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Vice Chairman Steven A. Markel sold 200 shares of the company’s stock in a transaction dated Thursday, December 21st. The shares were sold at an average price of $1,132.73, for a total transaction of $226,546.00. Following the completion of the transaction, the insider now owns 107,210 shares in the company, valued at approximately $121,439,983.30. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,800 shares of company stock worth $1,999,650. 2.53% of the stock is owned by company insiders.
Several research analysts have recently weighed in on MKL shares. Zacks Investment Research upgraded shares of Markel from a “hold” rating to a “buy” rating and set a $1,253.00 price objective on the stock in a research note on Friday, January 5th. Royal Bank of Canada restated 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 boosted their price objective on shares of Markel to $1,200.00 and gave the stock a “hold” rating in a research note on Thursday, February 8th. Finally, ValuEngine lowered shares of Markel from a “hold” rating to a “sell” rating in a research note on Thursday, March 1st. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $1,172.00.
Markel Co. (NYSE:MKL) opened at $1,142.27 on Thursday. Markel Co. has a 52 week low of $936.95 and a 52 week high of $1,157.30. The company has a market cap of $15,841.60, a PE ratio of 44.31 and a beta of 0.95. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.33.
Markel (NYSE:MKL) last announced its quarterly earnings results on Tuesday, February 6th. The insurance provider reported $6.64 EPS for the quarter, missing the Zacks’ consensus estimate of $8.55 by ($1.91). Markel had a net margin of 6.52% and a return on equity of 0.39%. The company had revenue of $1.67 billion during the quarter, compared to analyst estimates of $1.58 billion. equities analysts forecast that Markel Co. will post 33.19 earnings per share for the current year.
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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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