West Oak Capital LLC raised its stake in Markel Co. (NYSE:MKL) by 13.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 130 shares of the insurance provider’s stock after buying an additional 15 shares during the period. West Oak Capital LLC’s holdings in Markel were worth $127,000 at the end of the most recent reporting period.
A number of other large investors have also modified their holdings of MKL. Toronto Dominion Bank boosted its position in shares of Markel by 55.8% in the third quarter. Toronto Dominion Bank now owns 120 shares of the insurance provider’s stock valued at $111,000 after buying an additional 43 shares during the last quarter. Ancora Advisors LLC purchased a new position in shares of Markel during the fourth quarter valued at about $117,000. Northwest Quadrant Wealth Management LLC purchased a new position in shares of Markel during the fourth quarter valued at about $163,000. LBA Wealth Management LLC boosted its position in shares of Markel by 28.6% in the fourth quarter. LBA Wealth Management LLC now owns 180 shares of the insurance provider’s stock valued at $163,000 after buying an additional 40 shares during the last quarter. Finally, First Financial Bank N.A. Trust Division purchased a new position in shares of Markel during the first quarter valued at about $200,000. 75.10% of the stock is owned by institutional investors and hedge funds.
Shares of Markel Co. (NYSE:MKL) traded up 0.02% on Friday, reaching $967.50. The company had a trading volume of 2,957 shares. The firm has a market capitalization of $13.50 billion, a P/E ratio of 30.94 and a beta of 0.91. Markel Co. has a 52 week low of $811.05 and a 52 week high of $992.00. The company’s 50-day moving average price is $971.19 and its 200 day moving average price is $923.13.
Markel (NYSE:MKL) last released its quarterly earnings results on Wednesday, February 8th. The insurance provider reported $9.11 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $5.23 by $3.88. Markel had a net margin of 8.12% and a return on equity of 5.38%. The company earned $1.43 billion during the quarter, compared to analysts’ expectations of $1.37 billion. On average, analysts expect that Markel Co. will post $27.80 EPS for the current year.
TRADEMARK VIOLATION NOTICE: “Markel Co. (MKL) Position Boosted by West Oak Capital LLC” was posted by Chaffey Breeze and is the sole property of of Chaffey Breeze. If you are reading this news story on another domain, it was illegally copied and republished in violation of U.S. & international copyright and trademark legislation. The original version of this news story can be read at https://www.chaffeybreeze.com/2017/04/21/markel-co-mkl-position-raised-by-west-oak-capital-llc-2-updated.html.
MKL has been the subject of several research analyst reports. Boenning Scattergood initiated coverage on Markel in a research note on Thursday, March 2nd. They issued an “outperform” rating and a $1,050.00 price objective for the company. Zacks Investment Research upgraded Markel from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 17th.
In other Markel news, Vice Chairman Steven A. Markel sold 2,000 shares of the company’s stock in a transaction dated Thursday, February 23rd. The shares were sold at an average price of $971.39, for a total transaction of $1,942,780.00. Following the completion of the sale, the insider now directly owns 111,478 shares in the company, valued at $108,288,614.42. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.65% of the stock is owned by corporate insiders.
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.
Receive News & Ratings for Markel Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Markel Co. and related companies with MarketBeat.com's FREE daily email newsletter.