Farr Miller & Washington LLC DC grew its stake in Markel Co. (NYSE:MKL) by 5.6% during the third quarter, HoldingsChannel.com reports. The firm owned 810 shares of the insurance provider’s stock after purchasing an additional 43 shares during the period. Farr Miller & Washington LLC DC’s holdings in Markel were worth $788,000 as of its most recent SEC filing.
Several other institutional investors also recently modified their holdings of the company. Cambridge Investment Research Advisors Inc. grew its holdings in shares of Markel by 2.0% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 551 shares of the insurance provider’s stock valued at $537,000 after purchasing an additional 11 shares during the last quarter. Madison Wealth Management lifted its stake in Markel by 1.6% in the third quarter. Madison Wealth Management now owns 747 shares of the insurance provider’s stock valued at $727,000 after buying an additional 12 shares during the last quarter. Buckingham Asset Management LLC raised its stake in shares of Markel by 4.3% during the second quarter. Buckingham Asset Management LLC now owns 440 shares of the insurance provider’s stock valued at $406,000 after purchasing an additional 18 shares in the last quarter. DekaBank Deutsche Girozentrale lifted its holdings in Markel by 1.4% in the second quarter. DekaBank Deutsche Girozentrale now owns 1,268 shares of the insurance provider’s stock worth $1,141,000 after purchasing an additional 18 shares during the period. Finally, Security Asset Management lifted its holdings in Markel by 1.1% in the second quarter. Security Asset Management now owns 1,912 shares of the insurance provider’s stock worth $1,765,000 after purchasing an additional 21 shares during the period. Institutional investors and hedge funds own 76.19% of the company’s stock.
A number of research firms have commented on MKL. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Markel from $925.00 to $1,100.00 and gave the stock a “hold” rating in a research report on Thursday, October 29th. Zacks Investment Research downgraded Markel from a “hold” rating to a “sell” rating and set a $1,077.00 price objective on the stock. in a research note on Tuesday, October 13th. Finally, TheStreet cut Markel from a “b-” rating to a “c+” rating in a research note on Monday, October 19th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $1,119.25.
Markel stock traded down $11.10 during mid-day trading on Monday, hitting $993.19. The company’s stock had a trading volume of 1,183 shares, compared to its average volume of 53,423. The stock has a market capitalization of $13.84 billion, a P/E ratio of 30.89 and a beta of 0.68. Markel Co. has a twelve month low of $710.52 and a twelve month high of $1,347.64. The stock’s fifty day moving average price is $995.89 and its two-hundred day moving average price is $982.71. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 0.31.
In related news, Director Stewart M. Kasen sold 997 shares of Markel stock in a transaction on Tuesday, November 3rd. The stock was sold at an average price of $960.00, for a total value of $957,120.00. Following the transaction, the director now directly owns 1,879 shares in the company, valued at approximately $1,803,840. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 2.21% of the company’s stock.
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, personal lines, marine and energy, specialty programs, and workers' compensation insurance products; and property coverages that consist principally of fire, allied lines, and other specialized property coverages, including catastrophe-exposed property risks, such as earthquake and wind.
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