Nwam LLC Buys New Holdings in Markel Co. (MKL)

Nwam LLC bought a new stake in shares of Markel Co. (NYSE:MKL) during the third quarter, Holdings Channel reports. The fund bought 186 shares of the insurance provider’s stock, valued at approximately $221,000.

A number of other hedge funds have also modified their holdings of the business. Principal Financial Group Inc. raised its holdings in Markel by 1.0% during the 1st quarter. Principal Financial Group Inc. now owns 671,504 shares of the insurance provider’s stock valued at $785,828,000 after acquiring an additional 6,453 shares during the period. Baillie Gifford & Co. raised its holdings in Markel by 1.1% during the 2nd quarter. Baillie Gifford & Co. now owns 550,655 shares of the insurance provider’s stock valued at $597,103,000 after acquiring an additional 6,226 shares during the period. Summit Trail Advisors LLC raised its holdings in Markel by 115,809.3% during the 1st quarter. Summit Trail Advisors LLC now owns 224,864 shares of the insurance provider’s stock valued at $225,000 after acquiring an additional 224,670 shares during the period. Renaissance Technologies LLC raised its holdings in Markel by 10.4% during the 2nd quarter. Renaissance Technologies LLC now owns 199,041 shares of the insurance provider’s stock valued at $215,830,000 after acquiring an additional 18,680 shares during the period. Finally, Bessemer Group Inc. raised its holdings in Markel by 1.5% during the 2nd quarter. Bessemer Group Inc. now owns 184,954 shares of the insurance provider’s stock valued at $200,555,000 after acquiring an additional 2,707 shares during the period. 79.03% of the stock is currently owned by institutional investors and hedge funds.

A number of equities research analysts have issued reports on the stock. ValuEngine raised shares of Markel from a “hold” rating to a “buy” rating in a report on Thursday, August 2nd. Zacks Investment Research raised shares of Markel from a “hold” rating to a “strong-buy” rating and set a $1,361.00 price target on the stock in a report on Monday. Finally, Boenning Scattergood reaffirmed a “buy” rating on shares of Markel in a report on Wednesday, August 1st. Three analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and an average price target of $1,252.75.

In other news, Vice Chairman Steven A. Markel sold 200 shares of the company’s stock in a transaction on Thursday, August 2nd. The shares were sold at an average price of $1,190.40, for a total value of $238,080.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Alan I. Kirshner sold 100 shares of the company’s stock in a transaction on Monday, October 1st. The stock was sold at an average price of $1,190.55, for a total transaction of $119,055.00. Following the completion of the transaction, the insider now directly owns 23,650 shares in the company, valued at approximately $28,156,507.50. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,400 shares of company stock worth $1,665,455. Insiders own 2.46% of the company’s stock.

Markel stock opened at $1,159.05 on Thursday. The firm has a market capitalization of $16.50 billion, a PE ratio of 320.18 and a beta of 0.96. Markel Co. has a fifty-two week low of $1,049.95 and a fifty-two week high of $1,228.32. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.32.

Markel (NYSE:MKL) last released its quarterly earnings results on Tuesday, July 31st. The insurance provider reported $19.97 earnings per share for the quarter, topping the consensus estimate of $8.49 by $11.48. The firm had revenue of $1.88 billion for the quarter, compared to analysts’ expectations of $1.68 billion. Markel had a net margin of 5.79% and a return on equity of 2.89%. As a group, sell-side analysts anticipate that Markel Co. will post 39.02 earnings per share for the current year.

Markel Profile

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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