AE Wealth Management LLC bought a new position in Markel Co. (NYSE:MKL – Get Rating) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 161 shares of the insurance provider’s stock, valued at approximately $238,000.
Other institutional investors and hedge funds have also made changes to their positions in the company. Koshinski Asset Management Inc. boosted its holdings in shares of Markel by 285.7% in the 4th quarter. Koshinski Asset Management Inc. now owns 27 shares of the insurance provider’s stock worth $33,000 after acquiring an additional 20 shares in the last quarter. CWM LLC acquired a new position in shares of Markel in the 4th quarter worth approximately $37,000. Covestor Ltd acquired a new position in shares of Markel in the 4th quarter worth approximately $37,000. Maryland Capital Advisors Inc. acquired a new position in Markel during the 4th quarter worth $39,000. Finally, UMB Bank N A MO acquired a new position in Markel during the 4th quarter worth $42,000. 77.07% of the stock is currently owned by institutional investors and hedge funds.
Several research analysts have issued reports on MKL shares. StockNews.com started coverage on Markel in a report on Thursday, March 31st. They set a “hold” rating on the stock. Truist Financial upped their price objective on Markel from $1,400.00 to $1,500.00 in a report on Thursday, April 28th. Finally, William Blair reiterated an “outperform” rating on shares of Markel in a research report on Wednesday, April 27th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $1,525.00.
Shares of Markel stock opened at $1,305.96 on Wednesday. The firm has a fifty day moving average of $1,325.56 and a two-hundred day moving average of $1,327.89. The stock has a market capitalization of $17.72 billion, a price-to-earnings ratio of 10.21 and a beta of 0.74. Markel Co. has a 52 week low of $1,175.35 and a 52 week high of $1,519.24. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.66 and a current ratio of 0.66.
Markel (NYSE:MKL – Get Rating) last issued its earnings results on Tuesday, April 26th. The insurance provider reported $11.33 EPS for the quarter, missing the consensus estimate of $16.79 by ($5.46). The business had revenue of $2.96 billion for the quarter, compared to the consensus estimate of $2.75 billion. Markel had a net margin of 14.33% and a return on equity of 6.30%. During the same quarter in the previous year, the firm posted $10.12 EPS. As a group, research analysts forecast that Markel Co. will post 72.97 EPS for the current fiscal year.
In other news, Director Anthony F. Markel acquired 80 shares of the stock in a transaction that occurred on Tuesday, May 10th. The stock was acquired at an average price of $1,305.14 per share, for a total transaction of $104,411.20. Following the transaction, the director now directly owns 2,650 shares in the company, valued at $3,458,621. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director A. Lynne Puckett acquired 78 shares of the stock in a transaction that occurred on Friday, May 6th. The stock was purchased at an average price of $1,319.71 per share, with a total value of $102,937.38. Following the transaction, the director now owns 603 shares in the company, valued at $795,785.13. The disclosure for this purchase can be found here. In the last 90 days, insiders purchased 208 shares of company stock valued at $272,649. 1.74% of the stock is owned by corporate insiders.
About Markel (Get Rating)
Markel Corporation, a diverse financial holding company, markets and underwrites specialty insurance products in the United States, Bermuda, the United Kingdom, rest of Europe, Canada, the Asia Pacific, and the Middle East. Its Insurance segment offers general and professional liability, personal lines, marine and energy, specialty programs, and workers’ compensation insurance products; and property coverages that include fire, allied lines, and other specialized property coverages, including catastrophe-exposed property risks, such as earthquake and wind.
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