Skandinaviska Enskilda Banken AB publ Boosts Position in Markel Co. (MKL)

Skandinaviska Enskilda Banken AB publ increased its stake in Markel Co. (NYSE:MKL) by 5.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,034 shares of the insurance provider’s stock after purchasing an additional 100 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in Markel were worth $2,172,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the stock. Neuberger Berman Group LLC grew its stake in Markel by 0.5% in the 2nd quarter. Neuberger Berman Group LLC now owns 428 shares of the insurance provider’s stock valued at $418,000 after buying an additional 2 shares in the last quarter. Flagship Harbor Advisors LLC grew its stake in Markel by 1.1% in the 2nd quarter. Flagship Harbor Advisors LLC now owns 273 shares of the insurance provider’s stock valued at $268,000 after buying an additional 3 shares in the last quarter. Davidson & Garrard Inc. grew its stake in Markel by 0.6% in the 2nd quarter. Davidson & Garrard Inc. now owns 529 shares of the insurance provider’s stock valued at $516,000 after buying an additional 3 shares in the last quarter. Stratos Wealth Partners LTD. grew its stake in Markel by 0.7% in the 2nd quarter. Stratos Wealth Partners LTD. now owns 461 shares of the insurance provider’s stock valued at $450,000 after buying an additional 3 shares in the last quarter. Finally, Chilton Investment Co. LLC grew its stake in Markel by 2.4% in the 2nd quarter. Chilton Investment Co. LLC now owns 253 shares of the insurance provider’s stock valued at $247,000 after buying an additional 6 shares in the last quarter. 76.89% of the stock is currently owned by institutional investors.

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

Markel Co. (MKL) traded down $0.41 on Wednesday, hitting $1,112.05. 34,200 shares of the stock were exchanged, compared to its average volume of 6,333. The stock has a market cap of $15,454.18, a price-to-earnings ratio of 364.74 and a beta of 1.05. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.55 and a quick ratio of 0.55. Markel Co. has a 12-month low of $612.00 and a 12-month high of $1,124.22.

In other news, Director Lemuel E. Lewis purchased 1,000 shares of Markel stock in a transaction dated Wednesday, November 8th. The stock was purchased at an average cost of $1,080.96 per share, for a total transaction of $1,080,960.00. Following the transaction, the director now directly owns 5,294 shares of the company’s stock, valued at $5,722,602.24. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Vice Chairman Steven A. Markel sold 200 shares of the business’s stock in a transaction on Monday, November 27th. The shares were sold at an average price of $1,078.70, for a total transaction of $215,740.00. Following the transaction, the insider now owns 108,761 shares of the company’s stock, valued at $117,320,490.70. The disclosure for this sale can be found here. Insiders have sold a total of 1,269 shares of company stock valued at $1,366,344 over the last 90 days. Company insiders own 2.53% of the company’s stock.

COPYRIGHT VIOLATION WARNING: This piece was originally posted by Community Financial News and is the property of of Community Financial News. If you are viewing this piece on another domain, it was illegally copied and republished in violation of United States & international trademark & copyright legislation. The correct version of this piece can be accessed at https://www.com-unik.info/2017/12/06/skandinaviska-enskilda-banken-ab-publ-boosts-position-in-markel-co-mkl.html.

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.

Want to see what other hedge funds are holding MKL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Markel Co. (NYSE:MKL).

Institutional Ownership by Quarter for Markel (NYSE:MKL)

What are top analysts saying about Markel Co.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Markel Co. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit