Wells Fargo & Company MN Has $81.50 Million Position in Markel Co. (MKL)

Wells Fargo & Company MN increased its stake in shares of Markel Co. (NYSE:MKL) by 1.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 76,310 shares of the insurance provider’s stock after buying an additional 1,022 shares during the quarter. Wells Fargo & Company MN owned about 0.55% of Markel worth $81,497,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of MKL. Vanguard Group Inc. lifted its stake in Markel by 2.6% during the second quarter. Vanguard Group Inc. now owns 1,129,189 shares of the insurance provider’s stock worth $1,101,931,000 after purchasing an additional 28,104 shares during the last quarter. BlackRock Inc. lifted its stake in Markel by 0.4% during the second quarter. BlackRock Inc. now owns 836,138 shares of the insurance provider’s stock worth $815,955,000 after purchasing an additional 3,590 shares during the last quarter. Principal Financial Group Inc. lifted its stake in Markel by 0.9% during the third quarter. Principal Financial Group Inc. now owns 665,259 shares of the insurance provider’s stock worth $710,484,000 after purchasing an additional 6,092 shares during the last quarter. Baillie Gifford & Co. lifted its stake in Markel by 0.6% during the second quarter. Baillie Gifford & Co. now owns 560,203 shares of the insurance provider’s stock worth $546,680,000 after purchasing an additional 3,147 shares during the last quarter. Finally, Broad Run Investment Management LLC lifted its stake in Markel by 1.1% during the second quarter. Broad Run Investment Management LLC now owns 257,017 shares of the insurance provider’s stock worth $250,813,000 after purchasing an additional 2,695 shares during the last quarter. 76.89% of the stock is currently owned by institutional investors and hedge funds.

Several equities research analysts have weighed in on MKL shares. Boenning Scattergood restated a “buy” rating on shares of Markel in a research note on Thursday, October 26th. SunTrust Banks restated a “hold” rating and set a $1,100.00 target price on shares of Markel in a research note on Friday, October 27th. Royal Bank Of Canada restated a “hold” rating and set a $1,050.00 target price on shares of Markel in a research note on Tuesday, October 3rd. Finally, Zacks Investment Research cut Markel from a “buy” rating to a “hold” rating in a research note on Tuesday, October 3rd. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $1,066.67.

Markel Co. (NYSE:MKL) traded down $0.41 during midday trading on Wednesday, reaching $1,112.05. The company’s stock had a trading volume of 34,200 shares, compared to its average volume of 6,333. Markel Co. has a 12-month low of $612.00 and a 12-month high of $1,124.22. The company has a market capitalization of $15,454.18, a PE ratio of 364.74 and a beta of 1.05. The company has a quick ratio of 0.55, a current ratio of 0.55 and a debt-to-equity ratio of 0.28.

In other news, Director Lemuel E. Lewis purchased 1,000 shares of the company’s stock in a transaction dated Wednesday, November 8th. The stock was bought at an average cost of $1,080.96 per share, for a total transaction of $1,080,960.00. Following the purchase, the director now owns 5,294 shares of the company’s stock, valued at $5,722,602.24. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Vice Chairman Steven A. Markel sold 200 shares of the firm’s stock in a transaction on Thursday, September 28th. The stock was sold at an average price of $1,065.64, for a total value of $213,128.00. Following the transaction, the insider now directly owns 109,550 shares of the company’s stock, valued at $116,740,862. The disclosure for this sale can be found here. Insiders sold a total of 1,269 shares of company stock valued at $1,366,344 over the last quarter. 2.53% of the stock is owned by corporate insiders.

ILLEGAL ACTIVITY WARNING: This story was first published by StockNewsTimes and is owned by of StockNewsTimes. If you are reading this story on another site, it was illegally copied and reposted in violation of U.S. & international copyright law. The correct version of this story can be read at https://stocknewstimes.com/2017/12/06/wells-fargo-company-mn-has-81-50-million-position-in-markel-co-mkl.html.

Markel 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.

Institutional Ownership by Quarter for Markel (NYSE:MKL)

Receive News & Ratings for Markel Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Markel Co. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply