Fenimore Asset Management Inc. Sells 50 Shares of Markel Corp. (MKL)
Fenimore Asset Management Inc. decreased its stake in Markel Corp. (NYSE:MKL) by 0.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 85,962 shares of the company’s stock after selling 50 shares during the period. Markel Corp. comprises about 3.8% of Fenimore Asset Management Inc.’s portfolio, making the stock its 4th largest position. Fenimore Asset Management Inc. owned approximately 0.61% of Markel Corp. worth $79,839,000 as of its most recent filing with the SEC.
Several other hedge funds also recently made changes to their positions in MKL. IFP Advisors Inc increased its stake in shares of Markel Corp. by 44.2% in the second quarter. IFP Advisors Inc now owns 150 shares of the company’s stock valued at $143,000 after buying an additional 46 shares during the last quarter. Roble Belko & Company Inc bought a new stake in shares of Markel Corp. during the second quarter valued at approximately $162,000. Checchi Capital Advisers LLC increased its stake in shares of Markel Corp. by 8.3% in the second quarter. Checchi Capital Advisers LLC now owns 182 shares of the company’s stock valued at $173,000 after buying an additional 14 shares during the last quarter. Mizuho Asset Management Co. Ltd. bought a new stake in shares of Markel Corp. during the second quarter valued at approximately $175,000. Finally, Comerica Bank bought a new stake in shares of Markel Corp. during the second quarter valued at approximately $201,000. 75.11% of the stock is owned by institutional investors and hedge funds.
Shares of Markel Corp. (NYSE:MKL) traded up 0.86% during mid-day trading on Wednesday, reaching $927.05. 17,357 shares of the company’s stock traded hands. The company has a market cap of $12.97 billion, a P/E ratio of 24.35 and a beta of 0.82. Markel Corp. has a 12-month low of $805.03 and a 12-month high of $989.18. The firm has a 50-day moving average of $928.04 and a 200 day moving average of $930.44.
Markel Corp. (NYSE:MKL) last announced its earnings results on Tuesday, August 2nd. The company reported $5.41 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $6.39 by $0.98. Markel Corp. had a net margin of 9.78% and a return on equity of 6.65%. Equities analysts forecast that Markel Corp. will post $33.38 EPS for the current year.
Several brokerages have weighed in on MKL. Zacks Investment Research cut shares of Markel Corp. from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 6th. SunTrust Banks Inc. lifted their price objective on shares of Markel Corp. from $920.00 to $950.00 and gave the stock a “neutral” rating in a research note on Thursday, August 4th.
About Markel Corp.
Markel Corporation is a financial holding company serving a range of markets. The Company’s principal business markets and underwrites specialty insurance products. The Company monitors and reports its ongoing underwriting operations in three segments: U.S. Insurance, International Insurance and Reinsurance.
Receive News & Stock Ratings for Markel Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Markel Corp. and related stocks with our FREE daily email newsletter.