Traders Buy Shares of Markel (MKL) on Weakness

Traders purchased shares of Markel Co. (NYSE:MKL) on weakness during trading hours on Thursday. $41.92 million flowed into the stock on the tick-up and $10.93 million flowed out of the stock on the tick-down, for a money net flow of $30.99 million into the stock. Of all stocks tracked, Markel had the 17th highest net in-flow for the day. Markel traded down ($6.97) for the day and closed at $1,124.16

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

The stock has a market capitalization of $15,616.72, a P/E ratio of 250.38 and a beta of 1.05. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.55 and a current ratio of 0.55.

In related news, Vice Chairman Steven A. Markel sold 200 shares of the firm’s stock in a transaction on Thursday, September 28th. The stock was sold at an average price of $1,065.64, for a total value of $213,128.00. Following the transaction, the insider now directly owns 109,550 shares of the company’s stock, valued at approximately $116,740,862. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Anne G. Waleski sold 838 shares of the firm’s stock in a transaction dated Friday, December 8th. The shares were sold at an average price of $1,102.48, for a total value of $923,878.24. Following the sale, the executive vice president now directly owns 4,150 shares in the company, valued at $4,575,292. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 2,507 shares of company stock worth $2,736,884. 2.53% of the stock is owned by insiders.

A number of large investors have recently bought and sold shares of the business. Vanguard Group Inc. raised its holdings in Markel by 2.6% during the second quarter. Vanguard Group Inc. now owns 1,129,189 shares of the insurance provider’s stock valued at $1,101,931,000 after acquiring an additional 28,104 shares during the period. BlackRock Inc. raised its holdings in Markel by 0.4% during the second quarter. BlackRock Inc. now owns 836,138 shares of the insurance provider’s stock valued at $815,955,000 after acquiring an additional 3,590 shares during the period. Principal Financial Group Inc. raised its holdings in Markel by 0.9% during the third quarter. Principal Financial Group Inc. now owns 665,259 shares of the insurance provider’s stock valued at $710,484,000 after acquiring an additional 6,092 shares during the period. Atlanta Capital Management Co. L L C raised its holdings in Markel by 0.6% during the third quarter. Atlanta Capital Management Co. L L C now owns 567,924 shares of the insurance provider’s stock valued at $606,532,000 after acquiring an additional 3,264 shares during the period. Finally, Baillie Gifford & Co. raised its holdings in Markel by 0.6% during the second quarter. Baillie Gifford & Co. now owns 560,203 shares of the insurance provider’s stock valued at $546,680,000 after acquiring an additional 3,147 shares during the period. 76.79% of the stock is currently owned by institutional investors and hedge funds.

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About Markel

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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