First Quadrant L P CA held its stake in Markel Corporation (NYSE:MKL) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 392 shares of the insurance provider’s stock at the end of the second quarter. First Quadrant L P CA’s holdings in Markel Corporation were worth $383,000 at the end of the most recent quarter.
Other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in Markel Corporation by 4.3% in the first quarter. Vanguard Group Inc. now owns 1,101,085 shares of the insurance provider’s stock valued at $1,074,505,000 after buying an additional 45,773 shares during the last quarter. BlackRock Inc. boosted its stake in Markel Corporation by 4,055.3% in the first quarter. BlackRock Inc. now owns 832,548 shares of the insurance provider’s stock valued at $812,449,000 after buying an additional 812,512 shares during the last quarter. Principal Financial Group Inc. boosted its stake in Markel Corporation by 0.3% in the first quarter. Principal Financial Group Inc. now owns 635,750 shares of the insurance provider’s stock valued at $620,403,000 after buying an additional 2,097 shares during the last quarter. Wellington Management Group LLP boosted its stake in Markel Corporation by 7.7% in the first quarter. Wellington Management Group LLP now owns 418,485 shares of the insurance provider’s stock valued at $408,382,000 after buying an additional 30,073 shares during the last quarter. Finally, State Street Corp boosted its stake in Markel Corporation by 2.0% in the first quarter. State Street Corp now owns 303,677 shares of the insurance provider’s stock valued at $296,361,000 after buying an additional 5,964 shares during the last quarter. 76.51% of the stock is currently owned by institutional investors and hedge funds.
Markel Corporation (NYSE:MKL) traded down 0.520% during trading on Friday, hitting $1044.655. 4,203 shares of the stock traded hands. Markel Corporation has a 12 month low of $811.05 and a 12 month high of $1,086.68. The firm has a market cap of $14.53 billion, a PE ratio of 36.122 and a beta of 1.03. The firm has a 50-day moving average price of $1,020.73 and a 200 day moving average price of $979.97.
Markel Corporation (NYSE:MKL) last announced its earnings results on Wednesday, July 26th. The insurance provider reported $9.94 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $6.27 by $3.67. The company had revenue of $1.46 billion during the quarter, compared to the consensus estimate of $1.46 billion. Markel Corporation had a net margin of 7.58% and a return on equity of 4.81%. On average, equities analysts forecast that Markel Corporation will post $28.59 EPS for the current fiscal year.
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Several equities analysts have recently issued reports on MKL shares. Zacks Investment Research lowered shares of Markel Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, April 25th. ValuEngine upgraded shares of Markel Corporation from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. BidaskClub lowered shares of Markel Corporation from a “hold” rating to a “sell” rating in a report on Thursday, June 22nd. Finally, Boenning Scattergood set a $1,050.00 target price on shares of Markel Corporation and gave the company a “buy” rating in a report on Wednesday, July 26th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $1,050.00.
In other Markel Corporation news, Vice Chairman Steven A. Markel sold 3,875 shares of the firm’s stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $1,074.48, for a total value of $4,163,610.00. Following the completion of the transaction, the insider now owns 109,650 shares of the company’s stock, valued at $117,816,732. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Vice Chairman F. Michael Crowley sold 302 shares of the firm’s stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $1,047.20, for a total transaction of $316,254.40. Following the completion of the transaction, the insider now directly owns 6,956 shares of the company’s stock, valued at approximately $7,284,323.20. The disclosure for this sale can be found here. In the last ninety days, insiders sold 4,927 shares of company stock valued at $5,280,514. Corporate insiders own 2.53% of the company’s stock.
Markel Corporation Company Profile
Markel Corporation is a financial holding company serving a range of markets. The Company’s principal business markets and underwrites specialty insurance products. It monitors and reports its ongoing underwriting operations in three segments: U.S. Insurance, International Insurance and Reinsurance. The Company, through its subsidiary Markel Ventures, Inc (Markel Ventures), owns interests in various industrial and service businesses that operate outside of the specialty insurance marketplace.
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