Simplex Trading LLC Increases Stake in Markel Co. (MKL)

Simplex Trading LLC grew its holdings in Markel Co. (NYSE:MKL) by 169.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 148 shares of the insurance provider’s stock after buying an additional 93 shares during the quarter. Simplex Trading LLC’s holdings in Markel were worth $168,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in MKL. Toronto Dominion Bank boosted its holdings 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. First Capital Advisors Group LLC. bought a new position in Markel in the third quarter valued at about $202,000. Quantbot Technologies LP boosted its holdings in Markel by 775.0% in the second quarter. Quantbot Technologies LP now owns 210 shares of the insurance provider’s stock valued at $204,000 after acquiring an additional 186 shares during the last quarter. Archford Capital Strategies LLC boosted its holdings in Markel by 34,592.5% in the second quarter. Archford Capital Strategies LLC now owns 13,877 shares of the insurance provider’s stock valued at $204,000 after acquiring an additional 13,837 shares during the last quarter. Finally, WINTON GROUP Ltd bought a new position in Markel in the second quarter valued at about $206,000. Institutional investors own 76.79% of the company’s stock.

MKL has been the topic of a number of recent analyst reports. Boenning Scattergood restated a “buy” rating on shares of Markel in a report on Thursday, October 26th. Zacks Investment Research upgraded Markel from a “hold” rating to a “buy” rating and set a $1,253.00 target price on the stock in a report on Friday, January 5th. SunTrust Banks restated a “hold” rating and set a $1,100.00 target price on shares of Markel in a report on Friday, October 27th. Finally, Royal Bank of Canada restated a “hold” rating and set a $1,050.00 target price on shares of Markel in a report on Tuesday, October 3rd. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Markel presently has a consensus rating of “Buy” and a consensus target price of $1,113.25.

In related news, insider Alan I. Kirshner sold 100 shares of Markel stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $1,133.50, for a total value of $113,350.00. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Vice Chairman Anthony F. Markel sold 169 shares of Markel stock in a transaction that occurred on Monday, October 30th. The shares were sold at an average price of $1,096.26, for a total value of $185,267.94. The disclosure for this sale can be found here. Insiders have sold a total of 2,307 shares of company stock worth $2,535,956 in the last quarter. 2.53% of the stock is currently owned by company insiders.

Markel Co. (NYSE:MKL) opened at $1,106.33 on Thursday. Markel Co. has a 1-year low of $612.00 and a 1-year high of $1,157.30. The company has a current ratio of 0.55, a quick ratio of 0.55 and a debt-to-equity ratio of 0.28. The firm has a market capitalization of $15,370.00, a PE ratio of 246.40 and a beta of 1.04.

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Markel Company 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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