Tredje AP fonden Increases Position in Markel Co. (MKL)

Tredje AP fonden boosted its stake in Markel Co. (NYSE:MKL) by 2.7% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,860 shares of the insurance provider’s stock after acquiring an additional 100 shares during the period. Tredje AP fonden’s holdings in Markel were worth $4,122,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Ackerman Capital Advisors LLC purchased a new stake in Markel in the second quarter valued at $298,000. Toronto Dominion Bank lifted its position in Markel by 11.0% in the second quarter. Toronto Dominion Bank now owns 171 shares of the insurance provider’s stock valued at $167,000 after acquiring an additional 17 shares during the last quarter. Royal Bank of Canada lifted its position in Markel by 2.4% in the second quarter. Royal Bank of Canada now owns 28,484 shares of the insurance provider’s stock valued at $27,797,000 after acquiring an additional 665 shares during the last quarter. Renaissance Technologies LLC lifted its position in Markel by 7.9% in the second quarter. Renaissance Technologies LLC now owns 167,577 shares of the insurance provider’s stock valued at $163,532,000 after acquiring an additional 12,296 shares during the last quarter. Finally, Thompson Siegel & Walmsley LLC lifted its position in Markel by 26.9% in the second quarter. Thompson Siegel & Walmsley LLC now owns 47,195 shares of the insurance provider’s stock valued at $46,055,000 after acquiring an additional 10,014 shares during the last quarter. 76.89% of the stock is owned by hedge funds and other institutional investors.

In other news, Director Lemuel E. Lewis purchased 1,000 shares of the company’s stock in a transaction dated Wednesday, November 8th. The shares were acquired at an average cost of $1,080.96 per share, for a total transaction of $1,080,960.00. Following the completion of the purchase, the director now directly owns 5,294 shares in the company, valued at approximately $5,722,602.24. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Vice Chairman Steven A. Markel sold 200 shares of the business’s stock in a transaction dated Thursday, September 28th. The stock was sold at an average price of $1,065.64, for a total transaction of $213,128.00. Following the transaction, the insider now owns 109,550 shares in the company, valued at $116,740,862. The disclosure for this sale can be found here. Insiders sold 1,269 shares of company stock valued at $1,366,344 over the last ninety days. Corporate insiders own 2.53% of the company’s stock.

Shares of Markel Co. (MKL) traded up $5.51 during trading hours on Monday, hitting $1,112.41. 36,700 shares of the stock were exchanged, compared to its average volume of 6,070. Markel Co. has a 1-year low of $612.00 and a 1-year high of $1,124.22. The company has a quick ratio of 0.55, a current ratio of 0.55 and a debt-to-equity ratio of 0.28. The stock has a market capitalization of $15,453.49, a PE ratio of 364.73 and a beta of 1.05.

A number of brokerages recently weighed in on MKL. Zacks Investment Research cut shares of Markel from a “buy” rating to a “hold” rating in a research report on Tuesday, October 3rd. Boenning Scattergood reaffirmed a “buy” rating on shares of Markel in a report on Thursday, October 26th. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $1,050.00 target price on shares of Markel in a report on Tuesday, October 3rd. Finally, SunTrust Banks reaffirmed a “hold” rating and issued a $1,100.00 target price on shares of Markel in a report on Friday, October 27th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $1,066.67.

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Markel Profile

Markel Corporation is a financial holding company serving a range of markets. The Company’s principal business markets and underwrites specialty insurance products. It monitors and reports its ongoing underwriting operations in three segments: U.S. Insurance, International Insurance and Reinsurance. The Company, through its subsidiary Markel Ventures, Inc (Markel Ventures), owns interests in various industrial and service businesses that operate outside of the specialty insurance marketplace.

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Institutional Ownership by Quarter for Markel (NYSE:MKL)

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