Capital Fund Management S.A. purchased a new stake in shares of Markel Co. (NYSE:MKL) in the third quarter, according to its most recent disclosure with the SEC. The firm purchased 971 shares of the insurance provider’s stock, valued at approximately $1,154,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. First Mercantile Trust Co. acquired a new stake in shares of Markel during the 2nd quarter valued at $109,000. Palo Capital Inc. acquired a new stake in shares of Markel during the 3rd quarter valued at $120,000. Signaturefd LLC lifted its position in shares of Markel by 636.8% during the 2nd quarter. Signaturefd LLC now owns 140 shares of the insurance provider’s stock valued at $152,000 after acquiring an additional 121 shares during the last quarter. Leavell Investment Management Inc. acquired a new stake in shares of Markel during the 3rd quarter valued at $208,000. Finally, Whitener Capital Management Inc. acquired a new stake in shares of Markel during the 3rd quarter valued at $216,000. 76.12% of the stock is owned by hedge funds and other institutional investors.

A number of equities research analysts have recently commented on MKL shares. Zacks Investment Research upgraded Markel from a “hold” rating to a “strong-buy” rating and set a $1,361.00 price objective for the company in a research report on Monday, October 8th. ValuEngine lowered Markel from a “buy” rating to a “hold” rating in a report on Monday, October 22nd. Finally, Boenning Scattergood set a $1,300.00 target price on Markel and gave the company a “buy” rating in a report on Wednesday, October 31st. Four investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $1,265.25.

In other news, Vice Chairman Steven A. Markel sold 200 shares of the stock in a transaction on Thursday, August 30th. The stock was sold at an average price of $1,198.90, for a total value of $239,780.00. Following the completion of the sale, the insider now owns 103,440 shares in the company, valued at $124,014,216. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Lemuel E. Lewis bought 250 shares of Markel stock in a transaction dated Thursday, November 15th. The stock was acquired at an average price of $1,096.50 per share, with a total value of $274,125.00. Following the acquisition, the director now directly owns 4,848 shares of the company’s stock, valued at $5,315,832. The disclosure for this purchase can be found here. Insiders sold 949 shares of company stock valued at $1,122,645 in the last 90 days. Corporate insiders own 2.46% of the company’s stock.

MKL opened at $1,089.02 on Wednesday. The firm has a market capitalization of $15.39 billion, a PE ratio of 300.83 and a beta of 1.01. Markel Co. has a 12-month low of $1,020.00 and a 12-month high of $1,228.32. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.31.

Markel (NYSE:MKL) last released its earnings results on Tuesday, October 30th. The insurance provider reported $28.50 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $7.05 by $21.45. The company had revenue of $1.81 billion during the quarter, compared to analyst estimates of $1.77 billion. Markel had a return on equity of 9.72% and a net margin of 14.03%. Sell-side analysts anticipate that Markel Co. will post 29.49 EPS for the current fiscal year.

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About Markel

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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