BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its holdings in shares of Markel Co. (NYSE:MKL) by 14.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,498 shares of the insurance provider’s stock after buying an additional 439 shares during the quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in Markel were worth $3,631,000 as of its most recent SEC filing.
Several other hedge funds have also modified their holdings of MKL. CX Institutional acquired a new position in shares of Markel during the fourth quarter worth approximately $31,000. Rockland Trust Co. acquired a new position in shares of Markel during the fourth quarter worth approximately $34,000. Lindbrook Capital LLC acquired a new position in shares of Markel during the fourth quarter worth approximately $45,000. We Are One Seven LLC acquired a new position in shares of Markel during the fourth quarter worth approximately $49,000. Finally, Paradigm Asset Management Co. LLC acquired a new position in shares of Markel during the third quarter worth approximately $59,000. Institutional investors own 75.61% of the company’s stock.
Shares of NYSE MKL opened at $1,004.73 on Friday. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.54 and a quick ratio of 0.54. The firm has a market capitalization of $13.73 billion, a P/E ratio of 48.94 and a beta of 0.86. Markel Co. has a one year low of $950.16 and a one year high of $1,228.32.
MKL has been the subject of a number of research analyst reports. TheStreet lowered Markel from a “b” rating to a “c” rating in a report on Wednesday, February 6th. Zacks Investment Research upgraded Markel from a “hold” rating to a “buy” rating and set a $1,163.00 price target for the company in a report on Wednesday, January 2nd. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Markel currently has a consensus rating of “Hold” and an average price target of $1,231.50.
In other news, Director K Bruce Connell bought 200 shares of the business’s stock in a transaction that occurred on Thursday, March 7th. The stock was acquired at an average cost of $968.78 per share, for a total transaction of $193,756.00. Following the completion of the purchase, the director now owns 2,141 shares of the company’s stock, valued at approximately $2,074,157.98. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Nora N. Crouch sold 50 shares of the company’s stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $985.27, for a total value of $49,263.50. Following the completion of the transaction, the chief accounting officer now owns 2,413 shares of the company’s stock, valued at $2,377,456.51. The disclosure for this sale can be found here. Insiders sold 1,330 shares of company stock valued at $1,364,167 over the last 90 days. 2.46% of the stock is currently owned by corporate insiders.
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Markel Corporation, a diverse financial holding company, markets and underwrites specialty insurance products in the United States, the United Kingdom, Canada, and internationally. It operates through three segments: U.S. Insurance, International Insurance, and Reinsurance. The U.S. Insurance segment offers general and professional liability, property, personal line, program, and workers' compensation insurance products, as well as other insurance product lines, such as ocean marine, surety, CPI, and coverages.
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