Nisa Investment Advisors LLC raised its stake in shares of Markel Co. (NYSE:MKL) by 1.3% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,620 shares of the insurance provider’s stock after buying an additional 20 shares during the period. Nisa Investment Advisors LLC’s holdings in Markel were worth $1,765,000 as of its most recent SEC filing.
Several other large investors also recently modified their holdings of the business. Commonwealth Equity Services LLC raised its position in shares of Markel by 8.4% in the first quarter. Commonwealth Equity Services LLC now owns 4,104 shares of the insurance provider’s stock valued at $4,088,000 after purchasing an additional 319 shares during the period. Clarkston Capital Partners LLC raised its holdings in Markel by 3.8% in the first quarter. Clarkston Capital Partners LLC now owns 46,835 shares of the insurance provider’s stock worth $46,659,000 after purchasing an additional 1,717 shares in the last quarter. Lindbrook Capital LLC raised its holdings in Markel by 45.5% in the first quarter. Lindbrook Capital LLC now owns 64 shares of the insurance provider’s stock worth $63,000 after purchasing an additional 20 shares in the last quarter. Fenimore Asset Management Inc. raised its holdings in Markel by 4.0% in the first quarter. Fenimore Asset Management Inc. now owns 90,804 shares of the insurance provider’s stock worth $90,463,000 after purchasing an additional 3,524 shares in the last quarter. Finally, Alta Capital Management LLC raised its holdings in Markel by 28.7% in the first quarter. Alta Capital Management LLC now owns 24,544 shares of the insurance provider’s stock worth $24,451,000 after purchasing an additional 5,477 shares in the last quarter. 75.04% of the stock is owned by institutional investors.
Shares of NYSE MKL traded down $0.72 during midday trading on Friday, hitting $1,119.24. The stock had a trading volume of 23,236 shares, compared to its average volume of 34,276. The firm has a market capitalization of $15.50 billion, a P/E ratio of 54.52 and a beta of 0.79. The company’s 50 day simple moving average is $1,099.47. Markel Co. has a 1 year low of $950.16 and a 1 year high of $1,228.32. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.58 and a quick ratio of 0.55.
Markel (NYSE:MKL) last announced its quarterly earnings results on Tuesday, April 30th. The insurance provider reported $9.24 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $9.41 by ($0.17). The business had revenue of $1.86 billion for the quarter, compared to analysts’ expectations of $1.87 billion. Markel had a return on equity of 7.38% and a net margin of 9.07%. Equities research analysts anticipate that Markel Co. will post 36.47 earnings per share for the current year.
In related news, insider Alan I. Kirshner sold 200 shares of the business’s stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $1,106.17, for a total value of $221,234.00. Following the transaction, the insider now owns 21,785 shares in the company, valued at approximately $24,097,913.45. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Vice Chairman Steven A. Markel sold 900 shares of the business’s stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $1,100.41, for a total value of $990,369.00. Following the completion of the transaction, the insider now owns 99,855 shares in the company, valued at approximately $109,881,440.55. The disclosure for this sale can be found here. 2.34% of the stock is owned by insiders.
Several research analysts have issued reports on MKL shares. Zacks Investment Research cut Markel from a “hold” rating to a “sell” rating in a research report on Thursday, May 23rd. Deutsche Bank started coverage on Markel in a report on Thursday, May 23rd. They issued a “hold” rating and a $1,000.00 price objective on the stock. ValuEngine raised Markel from a “sell” rating to a “hold” rating in a report on Thursday, April 25th. SunTrust Banks increased their price objective on Markel to $1,100.00 and gave the company a “hold” rating in a report on Thursday, May 2nd. Finally, Boenning Scattergood reissued an “outperform” rating on shares of Markel in a report on Monday, July 1st. One analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $1,130.25.
Markel Corporation, a diverse financial holding company, markets and underwrites specialty insurance products in the United States, the United Kingdom, Canada, and internationally. Its Insurance segment offers general and professional liability, property, personal lines, marine and energy, specialty programs, and workers' compensation insurance products.
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