Markel Co. (NYSE:MKL) Shares Sold by Confluence Investment Management LLC

Confluence Investment Management LLC reduced its holdings in shares of Markel Co. (NYSE:MKLGet Rating) by 2.5% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 50,647 shares of the insurance provider’s stock after selling 1,287 shares during the quarter. Confluence Investment Management LLC’s holdings in Markel were worth $65,500,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. JFS Wealth Advisors LLC boosted its position in shares of Markel by 500.0% during the 1st quarter. JFS Wealth Advisors LLC now owns 18 shares of the insurance provider’s stock worth $27,000 after acquiring an additional 15 shares in the last quarter. Riverview Trust Co acquired a new stake in shares of Markel in the 1st quarter valued at about $32,000. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in shares of Markel in the 1st quarter valued at about $32,000. Clearstead Advisors LLC acquired a new stake in shares of Markel in the 1st quarter valued at about $38,000. Finally, Meeder Asset Management Inc. acquired a new stake in shares of Markel in the 1st quarter valued at about $41,000. 77.56% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Markel

In other Markel news, Director A. Lynne Puckett bought 48 shares of the business’s stock in a transaction dated Thursday, August 4th. The stock was acquired at an average cost of $1,196.54 per share, with a total value of $57,433.92. Following the purchase, the director now owns 873 shares in the company, valued at approximately $1,044,579.42. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, CEO Thomas Sinnickson Gayner acquired 50 shares of the company’s stock in a transaction that occurred on Thursday, August 4th. The stock was purchased at an average cost of $1,202.46 per share, with a total value of $60,123.00. Following the purchase, the chief executive officer now directly owns 42,077 shares of the company’s stock, valued at approximately $50,595,909.42. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director A. Lynne Puckett acquired 48 shares of the company’s stock in a transaction that occurred on Thursday, August 4th. The stock was purchased at an average cost of $1,196.54 per share, with a total value of $57,433.92. Following the completion of the purchase, the director now directly owns 873 shares in the company, valued at $1,044,579.42. The disclosure for this purchase can be found here. In the last three months, insiders acquired 181 shares of company stock valued at $218,307. Corporate insiders own 1.74% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Truist Financial decreased their target price on Markel from $1,500.00 to $1,300.00 and set a “hold” rating for the company in a research report on Friday, August 5th. Royal Bank of Canada decreased their target price on Markel from $1,650.00 to $1,600.00 and set an “outperform” rating for the company in a research report on Thursday, August 4th. Finally, TheStreet cut Markel from a “b-” rating to a “c” rating in a research report on Friday, August 5th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $1,450.00.

Markel Stock Down 0.7 %

MKL opened at $1,182.97 on Monday. The business has a 50 day moving average price of $1,231.58 and a two-hundred day moving average price of $1,323.35. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.37. The company has a market cap of $16.00 billion, a PE ratio of 672.15 and a beta of 0.71. Markel Co. has a 52 week low of $1,162.00 and a 52 week high of $1,519.24.

Markel (NYSE:MKLGet Rating) last issued its earnings results on Tuesday, August 2nd. The insurance provider reported $45.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $21.43 by $23.59. Markel had a return on equity of 6.03% and a net margin of 0.83%. During the same quarter in the prior year, the business posted $19.14 earnings per share. As a group, research analysts anticipate that Markel Co. will post 67.04 EPS for the current year.

About Markel

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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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