Signature Financial Management Inc. trimmed its stake in Markel Co. (NYSE:MKL) by 5.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,501 shares of the insurance provider’s stock after selling 91 shares during the period. Signature Financial Management Inc.’s holdings in Markel were worth $1,711,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors also recently added to or reduced their stakes in the business. First Personal Financial Services raised its holdings in shares of Markel by 156.1% in the 4th quarter. First Personal Financial Services now owns 105 shares of the insurance provider’s stock valued at $120,000 after purchasing an additional 64 shares in the last quarter. SeaCrest Wealth Management LLC bought a new stake in shares of Markel in the 4th quarter valued at about $122,000. Simplex Trading LLC raised its holdings in shares of Markel by 169.1% in the 4th quarter. Simplex Trading LLC now owns 148 shares of the insurance provider’s stock valued at $168,000 after purchasing an additional 93 shares in the last quarter. Toronto Dominion Bank raised its holdings in shares of Markel by 11.0% in the 2nd quarter. Toronto Dominion Bank now owns 171 shares of the insurance provider’s stock valued at $167,000 after purchasing an additional 17 shares in the last quarter. Finally, Cigna Investments Inc. New bought a new stake in shares of Markel in the 4th quarter valued at about $201,000. 76.65% of the stock is owned by institutional investors.
Shares of Markel Co. (NYSE MKL) opened at $1,130.06 on Monday. Markel Co. has a twelve month low of $936.95 and a twelve month high of $1,157.30. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.55 and a quick ratio of 0.55. The company has a market cap of $15,712.36, a PE ratio of 43.83 and a beta of 0.95.
In related news, Vice Chairman Steven A. Markel sold 200 shares of the business’s stock in a transaction that occurred on Monday, November 27th. The shares were sold at an average price of $1,078.70, for a total transaction of $215,740.00. Following the completion of the transaction, the insider now owns 108,761 shares in the company, valued at approximately $117,320,490.70. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Anne G. Waleski sold 838 shares of the business’s stock in a transaction that occurred on Friday, December 8th. The stock was sold at an average price of $1,102.48, for a total transaction of $923,878.24. Following the transaction, the executive vice president now owns 4,150 shares of the company’s stock, valued at approximately $4,575,292. The disclosure for this sale can be found here. In the last 90 days, insiders sold 2,638 shares of company stock valued at $2,911,118. Company insiders own 2.53% of the company’s stock.
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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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