Redmond Asset Management LLC lowered its holdings in Markel Co. (NYSE:MKL) by 0.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,444 shares of the insurance provider’s stock after selling 34 shares during the quarter. Markel accounts for about 2.6% of Redmond Asset Management LLC’s investment portfolio, making the stock its 4th biggest holding. Redmond Asset Management LLC’s holdings in Markel were worth $5,932,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of MKL. Dimensional Fund Advisors LP raised its position in shares of Markel by 2.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 58,026 shares of the insurance provider’s stock worth $60,221,000 after purchasing an additional 1,594 shares during the period. Geode Capital Management LLC raised its position in Markel by 9.2% in the 4th quarter. Geode Capital Management LLC now owns 138,297 shares of the insurance provider’s stock valued at $143,466,000 after buying an additional 11,630 shares during the last quarter. Virtu Financial LLC raised its position in Markel by 27.7% in the 1st quarter. Virtu Financial LLC now owns 863 shares of the insurance provider’s stock valued at $860,000 after buying an additional 187 shares during the last quarter. Quantitative Systematic Strategies LLC purchased a new stake in Markel in the 1st quarter valued at $211,000. Finally, Pennsylvania Trust Co purchased a new stake in Markel in the 1st quarter valued at $252,000. Hedge funds and other institutional investors own 74.91% of the company’s stock.

A number of equities research analysts recently commented on the company. SunTrust Banks increased their price target on Markel to $1,100.00 and gave the company a “hold” rating in a research report on Thursday, May 2nd. Deutsche Bank assumed coverage on Markel in a research report on Thursday, May 23rd. They issued a “hold” rating and a $1,000.00 price target for the company. Boenning Scattergood reissued an “outperform” rating on shares of Markel in a research report on Monday, July 1st. ValuEngine raised Markel from a “sell” rating to a “hold” rating in a research report on Thursday, April 25th. Finally, Zacks Investment Research lowered Markel from a “hold” rating to a “sell” rating in a research report on Thursday, May 23rd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $1,130.25.

NYSE MKL traded up $2.78 on Thursday, reaching $1,118.07. The company had a trading volume of 467 shares, compared to its average volume of 38,479. The stock has a market capitalization of $15.49 billion, a PE ratio of 54.23 and a beta of 0.79. The business has a fifty day moving average price of $1,109.42. Markel Co. has a 52-week low of $950.16 and a 52-week high of $1,228.32. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.35.

In other Markel news, Vice Chairman Anthony F. Markel sold 41 shares of the company’s stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $1,118.24, for a total value of $45,847.84. Following the completion of the transaction, the insider now owns 99,338 shares in the company, valued at approximately $111,083,725.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Vice Chairman Steven A. Markel sold 900 shares of the company’s stock in a transaction on Monday, July 1st. The shares were sold at an average price of $1,100.41, for a total value of $990,369.00. Following the completion of the transaction, the insider now owns 99,855 shares of the company’s stock, valued at approximately $109,881,440.55. The disclosure for this sale can be found here. Insiders sold a total of 5,464 shares of company stock valued at $6,066,377 over the last three months. 2.34% of the stock is currently owned by insiders.

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. Its Insurance segment offers general and professional liability, property, personal lines, marine and energy, specialty programs, and workers' compensation insurance products.

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Institutional Ownership by Quarter for Markel (NYSE:MKL)

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