Sigma Investment Counselors Inc. Takes Position in Markel Corporation (MKL)

Sigma Investment Counselors Inc. purchased a new position in shares of Markel Corporation (NYSE:MKL) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 200 shares of the insurance provider’s stock, valued at approximately $214,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Rhumbline Advisers raised its holdings in Markel Corporation by 4.3% during the third quarter. Rhumbline Advisers now owns 16,470 shares of the insurance provider’s stock worth $17,590,000 after purchasing an additional 676 shares in the last quarter. Advisor Group Inc. raised its holdings in Markel Corporation by 60.2% during the third quarter. Advisor Group Inc. now owns 1,740 shares of the insurance provider’s stock worth $1,862,000 after purchasing an additional 654 shares in the last quarter. Toronto Dominion Bank grew its position in Markel Corporation by 244.4% during the third quarter. Toronto Dominion Bank now owns 589 shares of the insurance provider’s stock worth $629,000 after buying an additional 418 shares during the period. New York State Common Retirement Fund grew its position in Markel Corporation by 10.8% during the third quarter. New York State Common Retirement Fund now owns 37,859 shares of the insurance provider’s stock worth $40,433,000 after buying an additional 3,700 shares during the period. Finally, CIBC Asset Management Inc grew its position in Markel Corporation by 3.7% during the third quarter. CIBC Asset Management Inc now owns 2,425 shares of the insurance provider’s stock worth $2,590,000 after buying an additional 86 shares during the period. 76.78% of the stock is owned by hedge funds and other institutional investors.

Several research analysts have weighed in on the stock. BidaskClub upgraded shares of Markel Corporation from a “hold” rating to a “buy” rating in a research report on Thursday, August 3rd. Boenning Scattergood restated a “buy” rating on shares of Markel Corporation in a research report on Thursday, October 26th. SunTrust Banks, Inc. restated a “hold” rating and set a $1,100.00 target price on shares of Markel Corporation in a research report on Friday, October 27th. ValuEngine upgraded shares of Markel Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, August 1st. Finally, Zacks Investment Research lowered shares of Markel Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, October 3rd. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $1,066.67.

Markel Corporation (NYSE MKL) traded up $8.35 during mid-day trading on Tuesday, hitting $1,071.76. 19,300 shares of the stock traded hands, compared to its average volume of 30,786. The firm has a market capitalization of $14,890.00, a price-to-earnings ratio of 348.66 and a beta of 1.05. Markel Corporation has a twelve month low of $865.14 and a twelve month high of $1,105.23. The company has a quick ratio of 0.55, a current ratio of 0.55 and a debt-to-equity ratio of 0.28.

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In related news, Vice Chairman Steven A. Markel sold 200 shares of the firm’s stock in a transaction that occurred on Thursday, November 9th. The shares were sold at an average price of $1,071.94, for a total transaction of $214,388.00. Following the sale, the insider now owns 108,950 shares in the company, valued at $116,787,863. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Richard R. Whitt III sold 100 shares of the firm’s stock in a transaction that occurred on Monday, August 21st. The stock was sold at an average price of $1,050.00, for a total transaction of $105,000.00. Following the sale, the chief executive officer now owns 11,939 shares in the company, valued at approximately $12,535,950. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,869 shares of company stock worth $1,988,182. 2.53% of the stock is owned by company insiders.

Markel Corporation Company Profile

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.

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Institutional Ownership by Quarter for Markel Corporation (NYSE:MKL)

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