Massmutual Trust Co. FSB ADV Sells 13 Shares of Markel Co. (NYSE:MKL)

Massmutual Trust Co. FSB ADV cut its holdings in Markel Co. (NYSE:MKLGet Rating) by 2.5% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 515 shares of the insurance provider’s stock after selling 13 shares during the period. Massmutual Trust Co. FSB ADV’s holdings in Markel were worth $760,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Telemus Capital LLC increased its position in Markel by 16.9% in the 1st quarter. Telemus Capital LLC now owns 1,359 shares of the insurance provider’s stock valued at $2,005,000 after buying an additional 196 shares in the last quarter. Evergreen Capital Management LLC bought a new stake in Markel in the 4th quarter valued at about $232,000. Resources Investment Advisors LLC. bought a new stake in Markel in the 4th quarter valued at about $321,000. SBK Financial Inc. bought a new stake in Markel in the 4th quarter valued at about $86,000. Finally, WMS Partners LLC increased its position in Markel by 25.7% in the 4th quarter. WMS Partners LLC now owns 660 shares of the insurance provider’s stock valued at $814,000 after buying an additional 135 shares in the last quarter. 77.07% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE MKL opened at $1,270.02 on Thursday. Markel Co. has a twelve month low of $1,167.50 and a twelve month high of $1,519.24. The stock’s 50 day moving average price is $1,367.18 and its 200-day moving average price is $1,320.12. The company has a market capitalization of $17.23 billion, a PE ratio of 9.92 and a beta of 0.74. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 0.33.

Markel (NYSE:MKLGet Rating) last announced its earnings results on Tuesday, April 26th. The insurance provider reported $11.33 earnings per share for the quarter, missing analysts’ consensus estimates of $16.79 by ($5.46). Markel had a return on equity of 6.30% and a net margin of 14.33%. The business had revenue of $2.96 billion during the quarter, compared to analysts’ expectations of $2.75 billion. During the same quarter in the previous year, the firm earned $10.12 EPS. As a group, research analysts expect that Markel Co. will post 72.97 EPS for the current fiscal year.

In related news, Director Anthony F. Markel purchased 80 shares of the stock in a transaction that occurred on Tuesday, May 10th. The shares were bought at an average price of $1,305.14 per share, with a total value of $104,411.20. Following the acquisition, the director now owns 2,650 shares of the company’s stock, valued at approximately $3,458,621. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Steven A. Markel sold 1,500 shares of Markel stock in a transaction that occurred on Tuesday, March 29th. The stock was sold at an average price of $1,486.02, for a total transaction of $2,229,030.00. The disclosure for this sale can be found here. Insiders bought a total of 208 shares of company stock worth $272,649 in the last 90 days. Company insiders own 1.74% of the company’s stock.

A number of brokerages recently commented on MKL. StockNews.com started coverage on Markel in a research report on Thursday, March 31st. They issued a “hold” rating for the company. William Blair reiterated an “outperform” rating on shares of Markel in a research note on Wednesday, April 27th. Finally, Truist Financial lifted their price target on Markel from $1,400.00 to $1,500.00 in a research note on Thursday, April 28th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $1,525.00.

Markel Company Profile (Get Rating)

Markel Corporation, a diverse financial holding company, markets and underwrites specialty insurance products in the United States, Bermuda, the United Kingdom, rest of Europe, Canada, the Asia Pacific, and the Middle East. Its Insurance segment offers general and professional liability, personal lines, marine and energy, specialty programs, and workers' compensation insurance products; and property coverages that include fire, allied lines, and other specialized property coverages, including catastrophe-exposed property risks, such as earthquake and wind.

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Institutional Ownership by Quarter for Markel (NYSE:MKL)

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