IFP Advisors Inc cut its holdings in Markel Co. (NYSE:MKL) by 15.1% during the 4th quarter, HoldingsChannel.com reports. The fund owned 79 shares of the insurance provider’s stock after selling 14 shares during the period. IFP Advisors Inc’s holdings in Markel were worth $80,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. CX Institutional purchased a new position in shares of Markel in the 4th quarter worth $31,000. Rockland Trust Co. purchased a new position in shares of Markel in the 4th quarter worth $34,000. Paradigm Asset Management Co. LLC purchased a new position in shares of Markel in the 3rd quarter worth $59,000. Csenge Advisory Group purchased a new position in shares of Markel in the 3rd quarter worth $76,000. Finally, Capital Guardian Trust Co. purchased a new position in shares of Markel in the 3rd quarter worth $108,000. Institutional investors and hedge funds own 75.51% of the company’s stock.

In related news, insider Alan I. Kirshner sold 200 shares of Markel stock in a transaction dated Wednesday, January 2nd. The shares were sold at an average price of $1,020.82, for a total transaction of $204,164.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Vice Chairman Steven A. Markel sold 100 shares of Markel stock in a transaction dated Monday, February 4th. The stock was sold at an average price of $1,055.35, for a total transaction of $105,535.00. Following the transaction, the insider now directly owns 101,713 shares of the company’s stock, valued at $107,342,814.55. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,100 shares of company stock valued at $1,137,437. 2.46% of the stock is owned by corporate insiders.

MKL stock opened at $1,020.14 on Tuesday. Markel Co. has a 12 month low of $954.39 and a 12 month high of $1,228.32. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.59 and a quick ratio of 0.59. The stock has a market cap of $14.13 billion, a P/E ratio of 49.69 and a beta of 0.90.

A number of equities analysts have commented on the stock. TheStreet cut shares of Markel from a “b” rating to a “c” rating in a research note on Wednesday, February 6th. Zacks Investment Research cut shares of Markel from a “buy” rating to a “hold” rating in a research note on Tuesday, January 15th. Boenning Scattergood set a $1,300.00 price objective on shares of Markel and gave the stock a “buy” rating in a research note on Wednesday, October 31st. Finally, ValuEngine cut shares of Markel from a “buy” rating to a “hold” rating in a research note on Monday, October 22nd. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $1,231.50.

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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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