Gilbert & Cook Inc. Increases Position in Markel Co. (NYSE:MKL)

Gilbert & Cook Inc. increased its stake in shares of Markel Co. (NYSE:MKL) by 8.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 231 shares of the insurance provider’s stock after buying an additional 18 shares during the quarter. Gilbert & Cook Inc.’s holdings in Markel were worth $273,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. B & T Capital Management DBA Alpha Capital Management purchased a new stake in Markel in the third quarter valued at $30,000. Wealthcare Advisory Partners LLC boosted its holdings in Markel by 52.6% in the third quarter. Wealthcare Advisory Partners LLC now owns 29 shares of the insurance provider’s stock valued at $34,000 after purchasing an additional 10 shares during the last quarter. Steward Partners Investment Advisory LLC purchased a new stake in Markel in the second quarter valued at $40,000. North Star Investment Management Corp. purchased a new stake in Markel in the third quarter valued at $40,000. Finally, Meeder Asset Management Inc. boosted its holdings in Markel by 75.0% in the third quarter. Meeder Asset Management Inc. now owns 35 shares of the insurance provider’s stock valued at $41,000 after purchasing an additional 15 shares during the last quarter. 75.31% of the stock is currently owned by hedge funds and other institutional investors.

Separately, ValuEngine lowered shares of Markel from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. One analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $1,073.67.

In other Markel news, CEO Richard R. Whitt III sold 500 shares of the company’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $1,173.93, for a total value of $586,965.00. Following the completion of the transaction, the chief executive officer now owns 9,583 shares in the company, valued at $11,249,771.19. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Vice Chairman Steven A. Markel sold 310 shares of the company’s stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $1,125.08, for a total transaction of $348,774.80. Following the completion of the transaction, the insider now owns 91,387 shares of the company’s stock, valued at approximately $102,817,685.96. The disclosure for this sale can be found here. In the last quarter, insiders sold 4,278 shares of company stock valued at $4,969,137. Insiders own 2.34% of the company’s stock.

NYSE:MKL traded down $9.08 during mid-day trading on Friday, hitting $1,165.42. The company’s stock had a trading volume of 20,578 shares, compared to its average volume of 41,685. Markel Co. has a 1 year low of $950.16 and a 1 year high of $1,216.47. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.60 and a quick ratio of 0.60. The stock has a market cap of $16.15 billion, a price-to-earnings ratio of 56.77 and a beta of 0.75. The business’s fifty day moving average is $1,158.09 and its two-hundred day moving average is $1,113.65.

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. Its Insurance segment offers general and professional liability, property, personal lines, marine and energy, specialty programs, and workers' compensation insurance products.

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Institutional Ownership by Quarter for Markel (NYSE:MKL)

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