CIBC World Markets Inc. Buys 2,642 Shares of Markel Co. (MKL)

CIBC World Markets Inc. boosted its stake in shares of Markel Co. (NYSE:MKL) by 48.8% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 8,056 shares of the insurance provider’s stock after buying an additional 2,642 shares during the quarter. CIBC World Markets Inc. owned approximately 0.06% of Markel worth $9,428,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. BlackRock Inc. lifted its holdings in Markel by 0.3% during the 4th quarter. BlackRock Inc. now owns 845,404 shares of the insurance provider’s stock worth $963,025,000 after buying an additional 2,155 shares during the period. Thrivent Financial For Lutherans acquired a new position in Markel during the 4th quarter worth about $55,990,000. Suntrust Banks Inc. lifted its holdings in Markel by 8.5% during the 4th quarter. Suntrust Banks Inc. now owns 2,648 shares of the insurance provider’s stock worth $3,014,000 after buying an additional 208 shares during the period. Snyder Capital Management L P lifted its stake in shares of Markel by 6.3% in the 4th quarter. Snyder Capital Management L P now owns 4,992 shares of the insurance provider’s stock valued at $5,687,000 after purchasing an additional 295 shares during the period. Finally, Toronto Dominion Bank lifted its stake in shares of Markel by 39.2% in the 4th quarter. Toronto Dominion Bank now owns 820 shares of the insurance provider’s stock valued at $934,000 after purchasing an additional 231 shares during the period. 76.23% of the stock is currently owned by hedge funds and other institutional investors.

In related news, Vice Chairman Steven A. Markel sold 200 shares of the business’s stock in a transaction dated Thursday, March 29th. The stock was sold at an average price of $1,165.33, for a total value of $233,066.00. Following the completion of the sale, the insider now directly owns 105,629 shares of the company’s stock, valued at approximately $123,092,642.57. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Nora N. Crouch sold 90 shares of the business’s stock in a transaction dated Tuesday, May 22nd. The shares were sold at an average price of $1,151.58, for a total value of $103,642.20. Following the completion of the sale, the insider now directly owns 2,577 shares of the company’s stock, valued at $2,967,621.66. The disclosure for this sale can be found here. Insiders sold a total of 1,390 shares of company stock valued at $1,590,244 over the last ninety days. 2.46% of the stock is currently owned by corporate insiders.

A number of research analysts have recently issued reports on MKL shares. ValuEngine downgraded Markel from a “hold” rating to a “sell” rating in a research note on Thursday, March 1st. William Blair raised Markel from a “market perform” rating to an “outperform” rating in a research note on Monday, March 19th. Zacks Investment Research downgraded Markel from a “buy” rating to a “hold” rating in a research note on Friday, April 13th. Argus started coverage on Markel in a research note on Wednesday, April 11th. They issued a “hold” rating on the stock. Finally, Boenning Scattergood set a $1,250.00 price objective on Markel and gave the company a “buy” rating in a research note on Friday, April 27th. Four equities research 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. Markel has a consensus rating of “Buy” and a consensus target price of $1,237.50.

Shares of Markel opened at $1,100.03 on Thursday, Marketbeat.com reports. The stock has a market capitalization of $15.33 billion, a PE ratio of 303.88 and a beta of 0.89. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.59 and a current ratio of 0.59. Markel Co. has a 1 year low of $949.72 and a 1 year high of $1,194.98.

Markel (NYSE:MKL) last announced its quarterly earnings data on Tuesday, April 24th. The insurance provider reported $11.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $8.71 by $2.68. The company had revenue of $1.70 billion for the quarter, compared to the consensus estimate of $1.61 billion. Markel had a return on equity of 1.47% and a net margin of 4.19%. equities research analysts forecast that Markel Co. will post 38.48 EPS for the current fiscal year.

Markel Company 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.

Institutional Ownership by Quarter for Markel (NYSE:MKL)

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