Flagship Harbor Advisors LLC Sells 13 Shares of Markel Co. (MKL)

Flagship Harbor Advisors LLC cut its position in Markel Co. (NYSE:MKL) by 5.2% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 235 shares of the insurance provider’s stock after selling 13 shares during the quarter. Flagship Harbor Advisors LLC’s holdings in Markel were worth $243,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Alpha Omega Wealth Management LLC grew its stake in shares of Markel by 2.0% during the fourth quarter. Alpha Omega Wealth Management LLC now owns 511 shares of the insurance provider’s stock worth $530,000 after acquiring an additional 10 shares during the last quarter. CX Institutional purchased a new stake in shares of Markel during the fourth quarter worth about $31,000. Rockland Trust Co. purchased a new stake in shares of Markel during the fourth quarter worth about $34,000. State of Alaska Department of Revenue grew its stake in shares of Markel by 1.6% during the third quarter. State of Alaska Department of Revenue now owns 2,941 shares of the insurance provider’s stock worth $3,494,000 after acquiring an additional 46 shares during the last quarter. Finally, PNC Financial Services Group Inc. grew its stake in shares of Markel by 0.5% during the third quarter. PNC Financial Services Group Inc. now owns 8,606 shares of the insurance provider’s stock worth $10,228,000 after acquiring an additional 47 shares during the last quarter. Institutional investors and hedge funds own 75.58% of the company’s stock.

Shares of MKL stock opened at $1,051.63 on Thursday. Markel Co. has a fifty-two week low of $954.39 and a fifty-two week high of $1,228.32. The stock has a market cap of $14.32 billion, a PE ratio of 290.51 and a beta of 1.01. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.59 and a current ratio of 0.59.

Markel (NYSE:MKL) last issued its earnings results on Tuesday, October 30th. The insurance provider reported $28.50 EPS for the quarter, beating the Zacks’ consensus estimate of $7.05 by $21.45. The firm had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.77 billion. Markel had a return on equity of 9.72% and a net margin of 14.03%. Sell-side analysts predict that Markel Co. will post 28.24 EPS for the current year.

A number of equities research analysts have recently weighed in on the company. Zacks Investment Research upgraded Markel from a “hold” rating to a “strong-buy” rating and set a $1,361.00 price target on the stock in a research note on Monday, October 8th. Boenning Scattergood set a $1,300.00 price target on Markel and gave the stock a “buy” rating in a research note on Wednesday, October 31st. Finally, ValuEngine lowered Markel from a “buy” rating to a “hold” rating in a research note on Monday, October 22nd. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $1,215.75.

In other Markel news, Vice Chairman Anthony F. Markel sold 149 shares of the business’s stock in a transaction that occurred on Monday, November 5th. The stock was sold at an average price of $1,090.00, for a total value of $162,410.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Lemuel E. Lewis bought 250 shares of Markel stock in a transaction dated Thursday, November 15th. The shares were acquired at an average cost of $1,096.50 per share, with a total value of $274,125.00. Following the completion of the purchase, the director now owns 4,848 shares in the company, valued at $5,315,832. The disclosure for this purchase can be found here. In the last quarter, insiders sold 1,149 shares of company stock worth $1,194,312. 2.46% of the stock is owned by insiders.

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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.

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Institutional Ownership by Quarter for Markel (NYSE:MKL)

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