Nwam LLC bought a new position in Markel Co. (NYSE:MKL) during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 186 shares of the insurance provider’s stock, valued at approximately $221,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Elgethun Capital Management boosted its stake in shares of Markel by 11.7% in the 2nd quarter. Elgethun Capital Management now owns 1,111 shares of the insurance provider’s stock worth $1,206,000 after buying an additional 116 shares during the last quarter. Signaturefd LLC boosted its stake in shares of Markel by 636.8% in the 2nd quarter. Signaturefd LLC now owns 140 shares of the insurance provider’s stock worth $152,000 after buying an additional 121 shares during the last quarter. Arizona State Retirement System boosted its stake in shares of Markel by 12.9% in the 2nd quarter. Arizona State Retirement System now owns 7,410 shares of the insurance provider’s stock worth $8,035,000 after buying an additional 846 shares during the last quarter. BB&T Securities LLC boosted its stake in shares of Markel by 12.3% in the 2nd quarter. BB&T Securities LLC now owns 1,760 shares of the insurance provider’s stock worth $1,907,000 after buying an additional 193 shares during the last quarter. Finally, Douglass Winthrop Advisors LLC boosted its stake in shares of Markel by 1.5% in the 2nd quarter. Douglass Winthrop Advisors LLC now owns 63,583 shares of the insurance provider’s stock worth $68,946,000 after buying an additional 930 shares during the last quarter. Hedge funds and other institutional investors own 79.03% of the company’s stock.

NYSE:MKL opened at $1,159.05 on Thursday. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $16.50 billion, a P/E ratio of 320.18 and a beta of 0.96. Markel Co. has a 12 month low of $1,049.95 and a 12 month high of $1,228.32.

Markel (NYSE:MKL) last posted its quarterly earnings results on Tuesday, July 31st. The insurance provider reported $19.97 EPS for the quarter, topping analysts’ consensus estimates of $8.49 by $11.48. The company had revenue of $1.88 billion for the quarter, compared to analysts’ expectations of $1.68 billion. Markel had a net margin of 5.79% and a return on equity of 2.89%. As a group, sell-side analysts expect that Markel Co. will post 39.02 EPS for the current year.

A number of equities analysts have recently weighed in on the company. Zacks Investment Research upgraded Markel from a “hold” rating to a “strong-buy” rating and set a $1,361.00 target price on the stock in a research note on Monday. ValuEngine upgraded Markel from a “hold” rating to a “buy” rating in a research note on Thursday, August 2nd. Finally, Boenning Scattergood restated a “buy” rating on shares of Markel in a research note on Wednesday, August 1st. Three research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $1,252.75.

In related news, Vice Chairman Steven A. Markel sold 200 shares of Markel stock in a transaction that occurred on Thursday, August 2nd. The shares were sold at an average price of $1,190.40, for a total value of $238,080.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Alan I. Kirshner sold 100 shares of Markel stock in a transaction that occurred on Monday, October 1st. The stock was sold at an average price of $1,190.55, for a total transaction of $119,055.00. Following the completion of the sale, the insider now directly owns 23,650 shares in the company, valued at approximately $28,156,507.50. The disclosure for this sale can be found here. Insiders sold a total of 1,400 shares of company stock worth $1,665,455 in the last ninety days. 2.46% of the stock is currently owned by insiders.

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. 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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Institutional Ownership by Quarter for Markel (NYSE:MKL)

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