Parisi Gray Wealth Management boosted its position in Markel Co. (NYSE:MKL) by 1.3% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 800 shares of the insurance provider’s stock after buying an additional 10 shares during the period. Parisi Gray Wealth Management’s holdings in Markel were worth $801,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors also recently added to or reduced their stakes in the business. TD Asset Management Inc. grew its position in Markel by 42.1% during the fourth quarter. TD Asset Management Inc. now owns 243 shares of the insurance provider’s stock valued at $252,000 after acquiring an additional 72 shares during the period. BB&T Securities LLC grew its position in shares of Markel by 45.1% in the fourth quarter. BB&T Securities LLC now owns 2,388 shares of the insurance provider’s stock valued at $2,478,000 after purchasing an additional 742 shares during the last quarter. Daiwa Securities Group Inc. grew its position in shares of Markel by 4.4% in the fourth quarter. Daiwa Securities Group Inc. now owns 470 shares of the insurance provider’s stock valued at $488,000 after purchasing an additional 20 shares during the last quarter. Parallel Advisors LLC grew its position in shares of Markel by 31.3% in the fourth quarter. Parallel Advisors LLC now owns 63 shares of the insurance provider’s stock valued at $65,000 after purchasing an additional 15 shares during the last quarter. Finally, Stevens Capital Management LP grew its position in shares of Markel by 59.0% in the fourth quarter. Stevens Capital Management LP now owns 3,963 shares of the insurance provider’s stock valued at $4,114,000 after purchasing an additional 1,470 shares during the last quarter. Institutional investors and hedge funds own 76.22% of the company’s stock.
In related news, Vice Chairman Steven A. Markel sold 200 shares of Markel stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $1,000.00, for a total transaction of $200,000.00. Following the sale, the insider now directly owns 100,735 shares of the company’s stock, valued at $100,735,000. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Lemuel E. Lewis bought 100 shares of the firm’s stock in a transaction that occurred on Tuesday, May 14th. The shares were purchased at an average cost of $1,035.00 per share, for a total transaction of $103,500.00. Following the completion of the transaction, the director now owns 5,085 shares of the company’s stock, valued at $5,262,975. The disclosure for this purchase can be found here. Over the last three months, insiders have sold 1,043 shares of company stock worth $1,048,642. 2.34% of the stock is owned by company insiders.
Several equities research analysts have recently issued reports on MKL shares. ValuEngine downgraded Markel from a “hold” rating to a “sell” rating in a research report on Friday, April 5th. Zacks Investment Research downgraded Markel from a “buy” rating to a “hold” rating in a research report on Thursday, April 11th. SunTrust Banks raised their price target on Markel to $1,100.00 and gave the company a “hold” rating in a research report on Thursday, May 2nd. TheStreet raised Markel from a “c” rating to a “b-” rating in a research report on Thursday, May 9th. Finally, Deutsche Bank started coverage on Markel in a research report on Thursday, May 23rd. They issued a “hold” rating and a $1,000.00 price target on the stock. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company’s stock. Markel currently has a consensus rating of “Hold” and an average target price of $1,130.25.
Shares of NYSE:MKL traded up $0.16 during midday trading on Friday, hitting $1,081.48. The company’s stock had a trading volume of 113 shares, compared to its average volume of 48,594. The company has a market cap of $14.94 billion, a P/E ratio of 52.50 and a beta of 0.83. Markel Co. has a fifty-two week low of $950.16 and a fifty-two week high of $1,228.32. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.55 and a current ratio of 0.55.
Markel (NYSE:MKL) last released its earnings results on Tuesday, April 30th. The insurance provider reported $9.24 earnings per share for the quarter, missing analysts’ consensus estimates of $9.41 by ($0.17). Markel had a return on equity of 8.76% and a net margin of 6.73%. The firm had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.87 billion. As a group, equities analysts predict that Markel Co. will post 37.72 EPS for the current year.
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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