JNBA Financial Advisors Acquires Shares of 501 Markel Co. (MKL)

JNBA Financial Advisors acquired a new position in Markel Co. (NYSE:MKL) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 501 shares of the insurance provider’s stock, valued at approximately $595,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in MKL. Principal Financial Group Inc. lifted its stake in Markel by 1.0% in the first quarter. Principal Financial Group Inc. now owns 671,504 shares of the insurance provider’s stock worth $785,828,000 after purchasing an additional 6,453 shares during the last quarter. The Manufacturers Life Insurance Company lifted its stake in Markel by 10.7% in the first quarter. The Manufacturers Life Insurance Company now owns 590 shares of the insurance provider’s stock worth $691,000 after purchasing an additional 57 shares during the last quarter. Millennium Management LLC lifted its stake in Markel by 583.6% in the first quarter. Millennium Management LLC now owns 5,305 shares of the insurance provider’s stock worth $6,208,000 after purchasing an additional 4,529 shares during the last quarter. IFM Investors Pty Ltd lifted its stake in Markel by 41.2% in the second quarter. IFM Investors Pty Ltd now owns 665 shares of the insurance provider’s stock worth $721,000 after purchasing an additional 194 shares during the last quarter. Finally, State of Alaska Department of Revenue lifted its stake in Markel by 24.5% in the second quarter. State of Alaska Department of Revenue now owns 2,895 shares of the insurance provider’s stock worth $3,137,000 after purchasing an additional 570 shares during the last quarter. 75.88% of the stock is owned by institutional investors and hedge funds.

Several analysts have issued reports on MKL shares. Zacks Investment Research downgraded shares of Markel from a “hold” rating to a “sell” rating in a research note on Tuesday, July 24th. Boenning Scattergood reissued a “buy” rating on shares of Markel in a research note on Wednesday, August 1st. Finally, ValuEngine raised shares of Markel from a “hold” rating to a “buy” rating in a research note on Thursday, August 2nd. Four analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $1,265.25.

Markel stock opened at $1,084.67 on Friday. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.32. Markel Co. has a fifty-two week low of $1,020.00 and a fifty-two week high of $1,228.32. The company has a market cap of $14.91 billion, a PE ratio of 299.63 and a beta of 0.96.

Markel (NYSE:MKL) last posted its quarterly earnings results on Tuesday, October 30th. The insurance provider reported $28.50 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $7.05 by $21.45. Markel had a net margin of 5.79% and a return on equity of 2.89%. The firm had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $1.77 billion. On average, sell-side analysts predict that Markel Co. will post 36.94 EPS for the current year.

In related news, insider Alan I. Kirshner sold 100 shares of Markel stock in a transaction that occurred on Monday, October 1st. The shares were sold at an average price of $1,190.55, for a total transaction of $119,055.00. Following the transaction, the insider now directly owns 23,650 shares of the company’s stock, valued at $28,156,507.50. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Vice Chairman Steven A. Markel sold 200 shares of Markel stock in a transaction that occurred on Thursday, August 30th. The shares were sold at an average price of $1,198.90, for a total transaction of $239,780.00. Following the transaction, the insider now directly owns 103,440 shares in the company, valued at $124,014,216. The disclosure for this sale can be found here. Insiders have sold 1,000 shares of company stock valued at $1,199,675 in the last ninety days. Insiders own 2.53% of the company’s stock.

Markel Profile

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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