202 Shares in Markel Co. (MKL) Acquired by Dai Ichi Life Insurance Company Ltd
Dai Ichi Life Insurance Company Ltd bought a new stake in Markel Co. (NYSE:MKL) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 202 shares of the insurance provider’s stock, valued at approximately $216,000.
Other institutional investors have also recently bought and sold shares of the company. Proficio Capital Partners LLC lifted its position in Markel by 40.3% during the second quarter. Proficio Capital Partners LLC now owns 94 shares of the insurance provider’s stock worth $101,000 after buying an additional 27 shares during the period. Korea Investment CORP lifted its position in Markel by 138.9% during the second quarter. Korea Investment CORP now owns 129 shares of the insurance provider’s stock worth $126,000 after buying an additional 75 shares during the period. BDO Wealth Advisors LLC purchased a new position in Markel during the second quarter worth about $166,000. Toronto Dominion Bank lifted its position in Markel by 11.0% during the second quarter. Toronto Dominion Bank now owns 171 shares of the insurance provider’s stock worth $167,000 after buying an additional 17 shares during the period. Finally, First Capital Advisors Group LLC. purchased a new position in Markel during the third quarter worth about $202,000. 76.89% of the stock is currently owned by institutional investors.
MKL has been the topic of several recent analyst reports. Boenning Scattergood reiterated a “buy” rating on shares of Markel in a research report on Thursday, October 26th. BidaskClub upgraded Markel from a “hold” rating to a “buy” rating in a research report on Thursday, August 3rd. SunTrust Banks reiterated a “hold” rating and set a $1,100.00 target price on shares of Markel in a research report on Friday, October 27th. Zacks Investment Research downgraded Markel from a “buy” rating to a “hold” rating in a research report on Tuesday, October 3rd. Finally, Royal Bank Of Canada reiterated a “hold” rating and set a $1,050.00 target price on shares of Markel in a research report on Tuesday, October 3rd. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $1,066.67.
Markel Co. (NYSE:MKL) traded up $5.51 during midday trading on Friday, reaching $1,112.41. The company had a trading volume of 36,765 shares, compared to its average volume of 6,070. The stock has a market capitalization of $15,450.00, a P/E ratio of 357.86 and a beta of 1.05. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.55 and a quick ratio of 0.55. Markel Co. has a 1 year low of $612.00 and a 1 year high of $1,124.22.
In other news, Vice Chairman Steven A. Markel sold 200 shares of the firm’s stock in a transaction dated Thursday, September 28th. The stock was sold at an average price of $1,065.64, for a total value of $213,128.00. Following the transaction, the insider now directly owns 109,550 shares in the company, valued at approximately $116,740,862. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Lemuel E. Lewis acquired 1,000 shares of the business’s stock in a transaction dated Wednesday, November 8th. The stock was purchased at an average price of $1,080.96 per share, for a total transaction of $1,080,960.00. Following the completion of the acquisition, the director now owns 5,294 shares in the company, valued at $5,722,602.24. The disclosure for this purchase can be found here. Over the last 90 days, insiders sold 1,269 shares of company stock worth $1,366,344. Company insiders own 2.53% of the company’s stock.
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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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