BB&T Securities LLC Increases Position in Markel Co. (MKL)

BB&T Securities LLC boosted its position in shares of Markel Co. (NYSE:MKL) by 12.3% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,760 shares of the insurance provider’s stock after buying an additional 193 shares during the period. BB&T Securities LLC’s holdings in Markel were worth $1,907,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Sei Investments Co. lifted its stake in shares of Markel by 6.7% in the 2nd quarter. Sei Investments Co. now owns 686 shares of the insurance provider’s stock valued at $744,000 after purchasing an additional 43 shares during the last quarter. Nissay Asset Management Corp Japan ADV lifted its stake in shares of Markel by 4.7% in the 2nd quarter. Nissay Asset Management Corp Japan ADV now owns 1,065 shares of the insurance provider’s stock valued at $1,155,000 after purchasing an additional 48 shares during the last quarter. First Capital Advisors Group LLC. lifted its stake in shares of Markel by 15.2% in the 2nd quarter. First Capital Advisors Group LLC. now owns 386 shares of the insurance provider’s stock valued at $419,000 after purchasing an additional 51 shares during the last quarter. Signition LP lifted its stake in shares of Markel by 25.7% in the 1st quarter. Signition LP now owns 264 shares of the insurance provider’s stock valued at $309,000 after purchasing an additional 54 shares during the last quarter. Finally, PNC Financial Services Group Inc. lifted its stake in shares of Markel by 0.6% in the 2nd quarter. PNC Financial Services Group Inc. now owns 8,559 shares of the insurance provider’s stock valued at $9,282,000 after purchasing an additional 55 shares during the last quarter. 79.15% of the stock is owned by institutional investors.

Shares of NYSE MKL opened at $1,202.55 on Monday. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.32. Markel Co. has a fifty-two week low of $1,035.95 and a fifty-two week high of $1,228.32. The company has a market capitalization of $16.48 billion, a PE ratio of 332.20 and a beta of 0.95.

Markel (NYSE:MKL) last issued its quarterly earnings results on Tuesday, July 31st. The insurance provider reported $19.97 earnings per share for the quarter, topping the consensus estimate of $8.49 by $11.48. Markel had a return on equity of 2.89% and a net margin of 5.79%. The firm had revenue of $1.88 billion for the quarter, compared to the consensus estimate of $1.68 billion. equities research analysts anticipate that Markel Co. will post 39.02 earnings per share for the current year.

In other news, Vice Chairman Steven A. Markel sold 200 shares of the stock in a transaction that occurred on Thursday, July 5th. The stock was sold at an average price of $1,083.74, for a total value of $216,748.00. Following the sale, the insider now directly owns 104,180 shares in the company, valued at $112,904,033.20. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Alan I. Kirshner sold 100 shares of the stock in a transaction that occurred on Monday, July 2nd. The stock was sold at an average price of $1,085.92, for a total value of $108,592.00. Following the completion of the sale, the insider now owns 23,750 shares in the company, valued at $25,790,600. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,800 shares of company stock worth $2,090,226. Company insiders own 2.53% of the company’s stock.

MKL has been the subject of several analyst reports. ValuEngine raised Markel from a “hold” rating to a “buy” rating in a research note on Thursday, August 2nd. Boenning Scattergood reaffirmed a “buy” rating on shares of Markel in a research note on Wednesday, August 1st. Finally, Zacks Investment Research lowered Markel from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, June 27th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the stock. Markel has a consensus rating of “Hold” and a consensus price target of $1,237.50.

About Markel

Markel Corporation, a diverse financial holding company, markets and underwrites specialty insurance products in the United States, the United Kingdom, Canada, and internationally. It operates through three segments: U.S. Insurance, International Insurance, and Reinsurance. The U.S. Insurance segment offers general and professional liability, property, personal line, program, and workers' compensation insurance products, as well as other insurance product lines, such as ocean marine, surety, CPI, and coverages.

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Institutional Ownership by Quarter for Markel (NYSE:MKL)

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