Community Trust & Investment Co. Sells 3,671 Shares of Markel Co. (NYSE:MKL)

Community Trust & Investment Co. lessened its position in Markel Co. (NYSE:MKL) by 26.6% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 10,152 shares of the insurance provider’s stock after selling 3,671 shares during the period. Community Trust & Investment Co.’s holdings in Markel were worth $11,999,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. Buffington Mohr McNeal boosted its stake in Markel by 12.5% during the third quarter. Buffington Mohr McNeal now owns 704 shares of the insurance provider’s stock worth $831,000 after acquiring an additional 78 shares in the last quarter. Fruth Investment Management boosted its stake in Markel by 217.5% during the third quarter. Fruth Investment Management now owns 635 shares of the insurance provider’s stock worth $750,000 after acquiring an additional 435 shares in the last quarter. Parisi Gray Wealth Management boosted its stake in Markel by 1.2% during the third quarter. Parisi Gray Wealth Management now owns 869 shares of the insurance provider’s stock worth $1,027,000 after acquiring an additional 10 shares in the last quarter. Douglass Winthrop Advisors LLC boosted its stake in Markel by 1.1% during the third quarter. Douglass Winthrop Advisors LLC now owns 75,960 shares of the insurance provider’s stock worth $89,777,000 after acquiring an additional 799 shares in the last quarter. Finally, Enterprise Bank & Trust Co boosted its stake in Markel by 2.5% during the third quarter. Enterprise Bank & Trust Co now owns 815 shares of the insurance provider’s stock worth $963,000 after acquiring an additional 20 shares in the last quarter. 75.36% of the stock is currently owned by institutional investors and hedge funds.

Markel stock traded up $10.30 during trading hours on Friday, hitting $1,155.15. The stock had a trading volume of 240 shares, compared to its average volume of 34,371. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.35. The stock has a market capitalization of $15.83 billion, a P/E ratio of 56.13 and a beta of 0.77. Markel Co. has a 12-month low of $950.16 and a 12-month high of $1,216.47. The stock’s 50-day moving average price is $1,163.13 and its 200-day moving average price is $1,091.57.

Markel (NYSE:MKL) last issued its earnings results on Tuesday, July 30th. The insurance provider reported $11.84 earnings per share (EPS) for the quarter. The business had revenue of $2.01 billion during the quarter. Markel had a net margin of 9.07% and a return on equity of 7.38%. On average, research analysts expect that Markel Co. will post 37.15 EPS for the current fiscal year.

In other Markel news, Vice Chairman Anthony F. Markel sold 41 shares of Markel stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $1,118.24, for a total value of $45,847.84. Following the completion of the transaction, the insider now directly owns 99,338 shares of the company’s stock, valued at $111,083,725.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Vice Chairman Steven A. Markel sold 2,955 shares of Markel stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of $1,111.37, for a total transaction of $3,284,098.35. Following the completion of the transaction, the insider now directly owns 98,132 shares of the company’s stock, valued at $109,060,960.84. The disclosure for this sale can be found here. Insiders sold 6,314 shares of company stock valued at $7,146,415 over the last ninety days. Corporate insiders own 2.34% of the company’s stock.

Several equities research analysts recently commented on MKL shares. ValuEngine lowered shares of Markel from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Boenning Scattergood reissued an “outperform” rating on shares of Markel in a research note on Monday, July 1st. One analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company’s stock. Markel has a consensus rating of “Hold” and a consensus target price of $1,130.25.

Markel Company Profile

Markel Corporation, a diverse financial holding company, markets and underwrites specialty insurance products in the United States, the United Kingdom, Canada, and internationally. Its Insurance segment offers general and professional liability, property, personal lines, marine and energy, specialty programs, and workers' compensation insurance products.

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Institutional Ownership by Quarter for Markel (NYSE:MKL)

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