Signature Financial Management Inc. trimmed its holdings in shares of Markel Co. (NYSE:MKL) by 1.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,453 shares of the insurance provider’s stock after selling 90 shares during the quarter. Markel accounts for approximately 1.7% of Signature Financial Management Inc.’s investment portfolio, making the stock its 13th largest holding. Signature Financial Management Inc. owned approximately 0.05% of Markel worth $8,081,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. First Mercantile Trust Co. bought a new stake in shares of Markel in the second quarter valued at about $109,000. Ostrum Asset Management bought a new stake in shares of Markel in the first quarter valued at about $161,000. Signaturefd LLC raised its holdings in shares of Markel by 636.8% in the second quarter. Signaturefd LLC now owns 140 shares of the insurance provider’s stock valued at $152,000 after acquiring an additional 121 shares in the last quarter. Laurel Wealth Advisors Inc. bought a new stake in shares of Markel in the first quarter valued at about $202,000. Finally, Bridgeworth LLC bought a new stake in shares of Markel in the first quarter valued at about $215,000. Hedge funds and other institutional investors own 79.15% of the company’s stock.

In other news, Vice Chairman Steven A. Markel sold 200 shares of the business’s stock in a transaction dated Thursday, June 21st. The stock was sold at an average price of $1,092.43, for a total transaction of $218,486.00. Following the sale, the insider now owns 104,390 shares in the company, valued at $114,038,767.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Richard R. Whitt III sold 500 shares of the business’s stock in a transaction dated Wednesday, September 5th. The stock was sold at an average price of $1,202.80, for a total value of $601,400.00. Following the sale, the chief executive officer now owns 10,444 shares in the company, valued at approximately $12,562,043.20. The disclosure for this sale can be found here. Insiders sold 1,800 shares of company stock worth $2,090,226 in the last quarter. 2.53% of the stock is owned by insiders.

MKL has been the subject of several recent research reports. Zacks Investment Research downgraded Markel from a “hold” rating to a “sell” rating in a report on Tuesday, July 24th. ValuEngine upgraded Markel from a “hold” rating to a “buy” rating in a research note on Thursday, August 2nd. Finally, Boenning Scattergood reiterated a “buy” rating on shares of Markel in a research note on Wednesday, August 1st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $1,237.50.

MKL opened at $1,202.55 on Monday. Markel Co. has a 1 year low of $1,035.95 and a 1 year high of $1,228.32. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.58 and a current ratio of 0.58. The stock has a market capitalization of $16.48 billion, a price-to-earnings ratio of 332.20 and a beta of 0.95.

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

Markel 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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