Markel Co. (NYSE:MKL) is Giverny Capital Inc.’s 7th Largest Position

Giverny Capital Inc. boosted its stake in shares of Markel Co. (NYSE:MKL) by 3.8% in the 2nd quarter, Holdings Channel reports. The fund owned 37,894 shares of the insurance provider’s stock after buying an additional 1,371 shares during the period. Markel makes up 4.2% of Giverny Capital Inc.’s investment portfolio, making the stock its 7th largest position. Giverny Capital Inc.’s holdings in Markel were worth $41,289,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its position in Markel by 33.2% during the second quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 429 shares of the insurance provider’s stock valued at $467,000 after acquiring an additional 107 shares in the last quarter. Commonwealth Equity Services LLC increased 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 buying an additional 319 shares in the last quarter. Parisi Gray Wealth Management increased its position in shares of Markel by 7.4% in the second quarter. Parisi Gray Wealth Management now owns 859 shares of the insurance provider’s stock valued at $936,000 after buying an additional 59 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt increased its position in shares of Markel by 58.3% in the second quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 190 shares of the insurance provider’s stock valued at $207,000 after buying an additional 70 shares in the last quarter. Finally, Xact Kapitalforvaltning AB increased its position in shares of Markel by 41.3% in the first quarter. Xact Kapitalforvaltning AB now owns 2,270 shares of the insurance provider’s stock valued at $2,261,000 after buying an additional 664 shares in the last quarter. Institutional investors own 75.45% of the company’s stock.

Shares of NYSE:MKL traded down $1.13 during trading on Friday, reaching $1,161.81. The stock had a trading volume of 57 shares, compared to its average volume of 26,730. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.58 and a current ratio of 0.58. The business has a fifty day moving average price of $1,134.77 and a 200-day moving average price of $1,065.59. The stock has a market cap of $16.13 billion, a PE ratio of 56.34 and a beta of 0.78. Markel Co. has a 1-year low of $950.16 and a 1-year high of $1,225.00.

Markel (NYSE:MKL) last issued its quarterly earnings results on Tuesday, July 30th. The insurance provider reported $11.84 earnings per share (EPS) for the quarter. The firm had revenue of $2.01 billion for the quarter. Markel had a return on equity of 7.38% and a net margin of 9.07%. Sell-side analysts expect that Markel Co. will post 37.2 earnings per share for the current year.

A number of analysts have recently commented on the company. ValuEngine upgraded Markel from a “hold” rating to a “buy” rating in a research report on Friday, September 6th. Deutsche Bank assumed coverage on Markel in a research report on Thursday, May 23rd. They issued a “hold” rating and a $1,000.00 price objective for the company. Zacks Investment Research cut Markel from a “hold” rating to a “sell” rating in a research report on Thursday, May 23rd. Finally, Boenning Scattergood restated an “outperform” rating on shares of Markel in a research report on Monday, July 1st. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $1,130.25.

In other news, insider Alan I. Kirshner sold 200 shares of Markel stock in a transaction that occurred on 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 sale, the insider now directly owns 21,785 shares of the company’s stock, valued at $24,097,913.45. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Vice Chairman Steven A. Markel sold 1,368 shares of Markel stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $1,114.64, for a total value of $1,524,827.52. Following the completion of the sale, the insider now directly owns 99,338 shares in the company, valued at $110,726,108.32. The disclosure for this sale can be found here. Insiders sold 5,464 shares of company stock worth $6,066,377 over the last ninety days. Corporate insiders own 2.34% of the company’s stock.

Markel Company Profile

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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Institutional Ownership by Quarter for Markel (NYSE:MKL)

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